Philadelphia Business Journal Jemstone Group has purchased The Shoppes at Cross Keys, a 206,118-square-foot shopping center in Sicklerville, N.J., for about $25 million, or roughly $121/sf. Stanbery Development built the center at 611 Cross Keys Road, which opened in August ...
Commercial Real Estate Direct Staff Report Rreef America has sold its 50 percent stake in the Quaker Bridge Mall in central New Jersey for $134.7 million in a deal valuing the 1.1 million-square-foot shopping center at roughly $338 million, including ...
Mid Atlantic Real Estate Journal HHG Development Associates has obtained financing to redevelop the Roebling Steel factory on Clark Street in Trenton, N.J. The property will be converted into 138 loft apartments. Llenrock Group worked on behalf of the developer ...
Hersha Hospitality Trust has acquired the remaining 50 percent stake it didn't own in the 130-room Courtyard by Marriott in Ewing, N.J. The Philadelphia REIT also repaid a $12.8 million CMBS loan against the property that was securitized through Wachovia ...
Investors are said to have turned in a first round of bids for the Commons at West Windsor, a two-building office complex with 300,000 square feet in West Windsor, N.J., that could sell for $95 million, or about $316/sf. UBS ...
Inland Diversified Real Estate Trust has paid $17.6 million, or about $268.49/sf, for the Elementis Worldwide Global Headquarters building in East Windsor, N.J. The Oak Brook, Ill., REIT financed the purchase with proceeds from its stock offering, along with a ...
NJBizA 184,000-square-foot shopping center that is 25 percent vacant in Hamilton, N.J., is slated for a $10 million renovation. Levin Management, of North Plainfield, N.J., manages the Hamilton Plaza center on Route 33 near Trenton, N.J. A Shop Rite grocery ...
Times of TrentonThe New Jersey Performing Arts Center and its development partner, Dranoff Properties, will receive $38 million in tax credits from New Jersey's Urban Transit Hub Tax Credit Program to help fund a mixed-use tower in downtown Newark, N.J. ...
Times of TrentonA former Epstein's department store site in downtown Morristown, N.J., has been redeveloped into a pair of residential buildings. One property, 40 Park, contains 76 condominiums and penthouses along with 55,000 square feet of street-level retail space, while ...
AsburyPark PressIStar Financial has taken over Asbury Partners, a venturethat had been redeveloping properties in Asbury Park, N.J.The New York firm holds $70 million of outstanding loansmade to Asbury, which owns 70 to 80 properties in the city.IStar, which has ...
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