New Jersey

NAI Hanson's Levering says that a priority for Solomon Page was having a well-located, modern office in the northern New Jersey market. “It will allow them to work more efficiently with their regional clients and expand their services in the local marketplace,” he added.

Originally constructed in 1947 as a 10-story office building, 1501 Locust St. was expanded and repurposed into a luxury boutique building in 2010 featuring 29 large apartment units averaging 1,009 square feet and three commercial units totaling approximately 5,000 square feet.

Paramount Assets currently maintains a portfolio of 2.8 million square feet of commercial, multifamily and mixed-use holdings across 25 New Jersey municipalities.

The five other cities for the program will be announced at a later date.

The New York City-based co-working space firm has entered into a partnership with building owner Coretrust Capital Partners to take two full floors totaling 55,000 square feet of space at the Two Liberty Place office tower.

The Bloomfield, NJ-based firm reports it acquired the property, which consists of 70 personal care units and 33 memory care units, on May 14.

Dressbarn was founded in 1962 by Elliot and Roslyn Jaffe, who initially opened a single store in Stamford, CT. The company grew to a nationwide chain of approximately 650 stores that currently employ approximately 6,800 associates.

The purchase of the five retail banking branches expands the footprint of the Bank of Princeton into Burlington, Gloucester and Camden counties in New Jersey.