State: New Jersey -NJ

January 29, 2003 WaynePSC, an entity controlled by First Real Estate Investment Trust of New Jersey, last quarter paid $35.5 million for the Preakness Shopping Center in Wayne, N.J.The 323,000-square-foot shopping center is anchored by Macy's and a Stop & ...

January 28, 2003 TA Associates has paid $42 million, or $208/sf, for a Class-A office building in Northern New Jersey.The pension fund adviser acquired the building, Bernards 78 in Bernards Township, from Lend Lease Real Estate Investments, which owned the ...

January 27, 2003 A partnership between UBS PaineWebber, Morgan Stanley Real Estate Fund I and The Gale Co. has sold a Class-A office complex in Hunterdon County, N.J., for $24.2 million.The venture sold 100 & 200 Corporate Drive to Illva ...

January 24, 2003 The Times (Trenton, N.J.)CRANBURY, N.J. – Home furnishings retailer Crate and Barrel will build a 650,000-square-foot distribution center at the Rockefeller Group Foreign Trade Zone in Cranbury, just off the New Jersey Turnpike. Construction of the two-building ...

January 24, 2003The Star-Ledger (Newark, N.J.)NEWARK – Matrix Development Group has bought a 5.5-acre stretch of prime land along the Passaic River in downtown Newark, where it plans to build a $250 million apartment-hotel complex. The Cranbury, N.J., developer paid ...

January 24, 2003CB Richard Ellis Investors LLC has bought three office buildings in New Jersey, Massachusetts and California from MetLife Inc. for about $240 million.The Los Angeles-based investment firm bought the buildings on behalf of its Strategic Partners II fund, ...

January 21, 2003 BERGEN COUNTY, N.J. – First Industrial Realty Trust Inc. (NYSE:FR) has bought the Allendale Industrial Park in Bergen County from TA Associates Realty Corp. The eight-building, 409,615-square-foot complex, at the intersection of Boroline Road and Route 17, ...

January 21, 2003 BRIDGEWATER, N.J. – Advance Realty Group has recently acquired the 225,000-square-foot UPS facility at MiddleBrook Crossroads. In 2000, Advance Realty Group acquired the balance of the 800,000-sf office/flex/warehouse park and subsequently completed a substantial capital improvement program ...

January 17, 2003 Volkswagen of America Inc. has sold its 312,408-square-foot facility at 1 Commerce Drive in South Brunswick, N.J., to Clarion Partners for $14.1 million.Trammell Crow Co. represented Volkswagen in the sale of the property.Clarion Partners, a pension fund ...

January 16, 2003 Moody's Investors Service has downgraded five classes of GMAC Commercial Mortgage Securities Inc., 2002-LT, because it had previously downgraded the long-term debt ratings of Lucent Technologies Inc.The transaction's ratings are based on the recovery value of the ...