PARSIPPANY, NJ–The Morris County Economic Development Corporation honored Vision Real Estate Partners, Rubenstein Partners and Cushman & Wakefield for their involvement in bringing MetLife Investments' global headquarters to Hanover Township, NJ. The insurance giant's 185,000-square-foot, build-to-suit lease was recognized as the top office transaction of 2015 recently, during MCEDC's 24th Annual Partners in Economic Development Awards Luncheon at the Sheraton Parsippany.
HARRISBURG, PA—Linlo Properties has acquired the AT&T Building at 2550 Interstate Drive, an 87,000 square-foot class A office building in Harrisburg, PA, from Lexington Harrisburg, an affiliate of Lexington Realty Trust.
ELIZABETH/SPARTA, NJ—There are not many stabilized multifamily properties available for sale in the Elizabeth and Sparta, NJ submarkets, but Gebroe-Hammer Associates has completed four separate trades involving a total of 126 units for more than $11 million.
ALLENTOWN, PA—Silver Arch Capital Partners, which specializes in bridge loans to owners, investors and developers in need of funding outside the scope of traditional banks and lenders, has completed a $5 million financing secured by two hotels, one in Allentown, PA, and the other in Lynchburg, VA.
RAMSEY, NJ— Prestige Management Services, which runs a network of car dealerships throughout the tri-state region, has acquired 133 Williams Drive in Ramsey, NJ, from the Kislevitz Family for about $16 million, the companies say.
CAPE MAY COURT HOUSE, NJ–An affiliate of RW Capital Partners has acquired The Plaza at Cape May Court House, a 163,629-square-foot, grocery-anchored retail center in the coastal community of Cape May Court House, NJ, for $32.1 million.
LEMOYNE, PA—Pulmonary and Critical Care Medicine Associates, a major provider of pulmonary care in the Harrisburg area for four decades, has acquired a 23,000 square-foot office building from Drs. John and Jane Conroy for $3 million.
PLAINFIELD, NJ–A 23-unit Plainfield multifamily property has traded for $2.35 million–$102,000 a unit–the highest per-unit price realized in the local market in more than four years.