RARITAN, NJ–Castle Lanterra Properties has acquired River Park, a 224-unit apartment community in Somerset County's borough of Raritan, for $56 million.
Two tech companies expanded their leased space recently in New Jersey and Philadelphia, while an industrial property in Fairfield and a mixed-use in Cliffside Park both changed hands. Here is a roundup of transactions and executive moves taking place in New Jersey in recent weeks.
NEWARK, NJ–The City of Newark, Essex County and the Essex County Improvement Authority have agreed to sell the Bears & Eagles Riverfront Stadium, 450 Broad Street, to Lotus Equity Group for $23.5 million.
WARRENDALE, PA—McKnight Realty Partners has acquired a single-story 440,160 square-foot distribution facility on approximately 23.5 acres located at 150 Thorn Hill Road in Warrendale, PA from American Eagle Outfitters.
PLAINSBORO, NJ–The KRE Group and Oxford Realty Group have jointly acquired Deer Creek, a 288-unit rental community in Plainsboro, NJ, in partnership with Verde Capital. The partnership paid $45 million for the asset.
MOORESTOWN, NJ– Tabula Rasa HealthCare, which provides patient-specific, data-driven technology and solutions for health care organizations, is leasing 74,565 square feet in Keystone Property Group's Moorestown Corporate Center in Moorestown, NJ, about 15 miles from Philadelphia.
FLANDERS, NJ–Meridian Capital Group arranged $146 million in acquisition financing for the purchase of the 1,224-unit garden-style Oakwood Village multifamily property in Flanders, NJ.
CONSHOHOCKEN, PA—Ina Sargen, a 25-year veteran of the commercial real estate market, has joined the Conshohocken office of Colliers International as senior vice president.
JERSEY CITY, NJ—In 2012, Patella Woodworking decided to leave Jersey City for what the company thought was a better location – New York State. However, a concerted effort by state officials to lure Patella back from New York made the company's exit from New Jersey only temporary, Lt. Gov. Kim Guadagno tells GlobeSt.com exclusively.