In the first, Elvanhart Realty Co. acquired 210-218 State Street, a 50,000-sf, seven-story building. Hanson's Mildred Hanson, who brokered the deal, has also been retained to lease the property. Office, retail and medical users are being targeted. The seller and the sale price were not disclosed.
In the second, Golden West Diamond Corp. of Tustin, CA acquired 171-173 Main Street, a 25,000-sf property, from IDT Corp. The latter vacated the premises to move to its new HQ in downtown Newark. Golden West will convert the first floor as a "mega" jewelry store (relocating from Fort Lee), and has retained Hanson to lease the top two floors. Hanson's Kenneth Lundberg and Peter Cohen closed the sale.
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