Here is a roundup of some of the activities in the New Jersey market in the past week.

LEASES

MARLTON, NJ—NAI Mertz leased 3,600 square feet of retail space at Marlton Square Shopping Center to Cherry Hill Martial Arts.  Fred Meyer, SIOR, director of corporate services, and Jonathan Klear, vice president, negotiated the transaction on behalf of ownership. Cherry Hill Martial Arts is relocating to Marlton Square Shopping Center from a nearby location. Located at 701 Route 70 at the intersection of Cropwell Road, Marlton Square Shopping Center is a 40,000-square-foot multi-tenant retail plaza anchored by Staples.  Cherry Hill Martial Arts will be joining a barber shop and a gift shop in the plaza, which is adjacent to a newly constructed Aldi's, as well as a 7-Eleven and Valero gas station. The plaza is currently 79 percent leased with retail space available from 1,800 square feet.

PRINCETON, NJ—Colliers International has arranged a long-term, 9,200-square-foot lease for Ripen eCommerce at 21 Roszel Road, located in Roszel Square in Princeton, NJ.  It is the second major new lease at 21 Roszel Road, Princeton's newest office building. Ripen eCommerce is more than tripling the size of its office space, with plans to occupy the first floor of the three-story, 62,500-square-foot, class A office building in the fourth quarter of 2015. “Ripen eCommerce is an established New Jersey company that had outgrown its current location and was looking for a new property in Princeton,” says Kevin Coleman, Director at Colliers International, who represented the tenant in the transaction. This is the third lease he has arranged on behalf of the tenant since 2009. “I'm happy to have helped the agency quintuple their space over the course of six years." The building is owned as a joint venture between Gottesman Partners and Mountain Development.  

AWARDS

ELMWOOD PARK, NJ—Rick Marchisio, president, Lee & Associates, NJ and Crista Bartolomeo, assistant vice president, received the 2015 Industrial Deal of the Year Award from the New Jersey chapter of NAIOP, the Commercial Real Estate Development Association, for their outstanding work on the 2014 lease transaction on behalf of Wenner Bread's historic relocation from Long Island to New Brunswick. In late 2014, they negotiated a long-term lease for this 58-year old Long Island, New York company in its move to a 301,626-square foot manufacturing facility at 571 Jersey Avenue in New Brunswick.

JERSEY CITY, NJ—DeSimone, a New York structural engineering firm says 70 Columbus in Jersey City, NJ, was selected by The New Jersey Concrete Awards Committee to receive the organization's 2015 Merit Award in the High Rise Category. The 50-story tower at 70 Columbus is one of two residential towers recently completed by DeSimone's New York office as part of the Columbus Towers project. Columbus Towers stands 530 feet tall and includes 610,000 square feet of residential and retail space. The project is the second part of a four-phase development project by Ironstate Development at the site along Christopher Columbus Boulevard in Jersey City.

BLOOMFIELD, NJ—Approximately 250 supporters of Brooklyn College, including foundation members, donors, students and administrators, joined family and friends to honor alumnus Edwin Cohen ('62), a principal partner with Prism Capital Partners, Bloomfield, NJ, for his work on behalf of Brooklyn College at its 2015 Best of Brooklyn Award Gala in May. Chair of The Brooklyn College Foundation's Board of Trustees, Cohen has committed his time and resources to support the institution, its students and the progress of the school. Cohen is a long-time champion of Brooklyn College and has been a trustee of the Brooklyn College Foundation since 1995. Through a variety of fundraising programs, the non-profit organization encourages and promotes the academic purposes of Brooklyn College of the City University of New York and the educational welfare of students, faculty, alumni and the community.

EXCLUSIVE AGENCIES

MORRISTOWN, NJ–Avison Young has been named as the exclusive leasing agent for Mount Pleasant Medical, a state-of-the-art, 150,000 square foot medical office facility owned by Hampshire Companies in partnership with Paragon Realty. Redeveloped to meet stringent hospital zoning restrictions, Mount Pleasant Medical is at 375 Mt. Pleasant Avenue in West Orange, NJ, a half-mile from I-280 at Prospect Avenue. The property includes covered parking, multiple at-grade entries, high ceilings, heavy floor loads, high-efficiency individual HVAC systems for each suite, and direct utility metering. Medical tenants in the property include Barnabas Medical Center Imaging, Summit Medical Group and DaVita Dialysis. The Avison Young team of Peter Hedley, vice president, and Tim Lohmann, associate, is handling leasing on behalf of ownership. The facility currently has available 35,000 square feet of space on three floors, divisible to 2,500 square feet.