EXTON SQUARE, PA—PREIT says it has begun the first phase of the redevelopment of Exton Square Mall. The company acquired the land parcel underlying the existing Kmart store, enabling demolition and construction of the new Whole Foods, set to open in 2017. Demolition will begin in early April.
CHATHAM, NJ—The Garibaldi Group/CORFAC International is expanding its Corporate Advisory and Financial Services divisions with the promotion of Chuck Bower to senior executive director of financial services and the recruitment of Jim Reeb and Charlie Dai as new executives for key roles in its corporate services unit co-chaired by senior executive director Jerry Moore.
ATLANTIC CITY, NJ—Tony Rodio, president and CEO of Tropicana Entertainment, will be recognized for his unwavering commitment to improving Atlantic City's entertainment and destination appeal through exceptional leadership during the Milton & Betty Katz Jewish Community Center 2016 Annual Gala on Thursday, April 14 at the Holtzman Gallery in The Claridge Hotel.
JERSEY CITY, NJ—WinnCompanies has begun work on a $15.4-million rehabilitation that will preserve 131 units of affordable housing for the next three decades.
PHILADELPHIA—Holliday Fenoglio Fowler arranged $53.426 million in preferred equity and construction financing for the development of 3201 Race Street, a 16-story, luxury high-rise apartment property in Philadelphia's University City neighborhood.
NEW BRUNSWICK, NJ—As part of its commitment to partnering with local leaders to create outstanding live/work/play environments that are magnets for the employers, investments and young professionals New Jersey needs to prosper and grow, NAIOP New Jersey hosted a Mayors Panel at its Annual Public Policy Symposium at The Heldrich in New Brunswick.
RIDGEFIELD PARK, NJ—Cushman & Wakefield will handle leasing of 55 Challenger Road, the building that once housed bank check processing operations of Summit Bank, its successor, FleetBoston Financial, and Fleet's acquirer, Bank of America.
WAYNE, PA—Holliday Fenoglio Fowler exercised its matchmaking skills and arranged the joint venture partnership between PDC-Old Eagle and Long Wharf Real Estate Partners that acquired Evolve IP Corporate Center, a 41-acre, 12-building office park with 376,303 square feet in Wayne, PA.
East Rutherford, NJ—In one of the most creative transactions of the year, Vision Properties has restacked and extended several key leases at the iconic Metropolitan Center in East Rutherford, NJ, maintaining the building's 100% occupancy.
TEANECK, NJ—Alfred Sanzari Enterprises and hotel management company White Lodging have finished an extensive multimillion dollar renovation to the 353 guestrooms at the Teaneck Marriott at Glenpointe.
