The company finalized a $23.75 million deal to transfer the 58-unit mixed-use property to a New York-based holding company, but has retained the rights for the undeveloped second phase slated for a lot across the street.
It is reportedly one of the largest office and medical leasing deals in New Jersey in recent years.
A three-story office property in Parsippany, New Jersey, was recently sold for $4.9 million.
The former NBA Rookie of the Year has sold his Moorestown home following his trade to the Brooklyn Nets, finding a buyer in the Philadelphia Phillies’ newest outfielder.
An approved multifamily development in Bayonne, New Jersey, recently sold for $9.9 million.
Kushner Companies and The KABR Group have announced their purchase of a commercial tower at 26 Journal Square. The companies plan to turn the building into "a hub for creative firms."
Jersey Digs first reported in 2019 that a Lidl grocery store could come to South Avenue in Garwood. Now, we’ve learned that the company acquired the property in a multi-million dollar transaction over the summer.
Nanuet-based The Birch Group has agreed to purchase the 42-story Jersey City office and retail complex for $380 million.
An industrial site recently sold for $17.5 million in Mahwah and will soon be redeveloped.
The transaction is New Jersey’s largest suburban office deal of 2022 so far.