WEST ORANGE, NJ – March 7, 2016 – Clarion Partners has acquired Essex Green, a 350,000-square-foot community shopping center located in West Orange, NJ.
MIDDLETOWN, PA—Estes Express Lines has signed a 77,987-square-foot lease at 400 Capital Lane in Middletown, PA. The 242,824-square-foot building, owned by a joint venture of Woodmont Industrial Partners and AEW Capital Management, is now fully leased.
ELMWOOD PARK, NJ—BioReference Laboratories, a full-service diagnostic laboratory, has renewed its laboratory and warehouse lease for nearly 160,000 square feet at 481 and 487 Edward H. Ross Drive in Elmwood Park, NJ.
PITTSBURGH, PA—Skanska USA, a global construction and development company, named Mehmet Akinci area manager and vice president of operations for infrastructure construction in its Pittsburgh office.
PAULSBORO, NJ —Wawa and South Jersey Gas are partnering to provide the convenience store chain's first compressed natural gas fueling station, at the Paulsboro Wawa store, 51 Berkley Road, Paulsboro, NJ.
SOMERVILLE, NJ—Cushman & Wakefield has completed the $3.25 million sale of 62-64 West Main Street, a three-story apartment building with ground-floor retail in downtown Somerville. It's the second multifamily transaction they've completed on the same street in the last three months.
SADDLE BROOK, NJ—A top-performing Marcus & Millichap multifamily sales agent and his team of five professionals have joined CBRE's Investment Properties group in New Jersey.
PHILADELPHIA—Drexel University and Brandywine Realty Trust will partner on the multibillion-dollar, decades-long redevelopment of Philadelphia's Schuylkill Yards project, a 14-acre master planned community.
FORT LEE, NJ—James Campbell Company has sold its 215,000-square-foot, seven-story class A property, 9W Office Center, 2200 Fletcher Ave. in Fort Lee, NJ to a New York-based investor.
WESTFIELD, NJ—Holliday Fenoglio Fowler arranged $17.435 million in construction financing for 333 Central Avenue, a 70-unit, class A multi-housing development in downtown Westfield, NJ.