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First Mile Properties has paid $84 million, or $131.35/sf, for River Centre, a 639,490-square-foot office property in Red Bank, N.J. First Mile is an affiliate of Crown Acquisitions of New York, which was founded by the late Stanley Isaac Chera, ...
The small Hackensack, N.J., REIT bought the 45-unit property as part of a tax-deferred exchange, using some of the proceeds from its $15.4 million sale of the 80-unit Hammel Gardens apartments, at 104 Maybrook Drive in Maywood, N.J. The buyer ...
43 percent leased.
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