CARLSTADT, NJ—HREC Investment Advisors has arranged the sale of a 2.5-acre parcel located in Carlstadt, NJ, near the New Jersey Meadowlands Sport Complex.

NORWOOD, NJ—M&J Innovations, a trade show company providing installation, exhibit construction, dismantling and storage services worldwide, is relocating from The Bronx to 385 Chestnut Street in Norwood, NJ, one of six buildings comprising Alfred Sanzari Enterprises' Norwood industrial portfolio.

CHERRY HILL, NJ— Rutgers University Behavioral Health Care is leasing space at the Colwick Business Center, a Cherry Hill complex featuring three single-story office buildings owned and managed by an affiliate entity of Endurance Real Estate Group.

MIDDLETOWN, PA–Woodmont Industrial Partners says The Clark Group, a logistics provider for print media, has signed a three-year lease for 103,217 square feet at 400 Capital Lane in the Capital Logistics Center in Middletown, PA.

PARAMUS, NJ—Marcus & Millichap arranged a 1031 exchange transaction involving the sales of two Northern New Jersey shopping centers for more than $29 million, and one of the brokers says 1031 buyers are bidding aggressively and driving prices upward in Northern New Jersey. Indeed, one of the two centers sold at one of the highest per-square-foot prices for a New Jersey multi-tenant center.

MOUNT LAUREL, NJ—NAI Mertz, a leading full-service commercial real estate firm serving southern New Jersey and greater Philadelphia, has named David Grove, a long-time industry veteran, chief operating officer.

MONROE TOWNSHIP, NJ—CBRE completed a $7.7 million first mortgage refinancing secured by Monroe Town Center, a 32,205-square-foot community retail center in Monroe Township, NJ. It's the second time CBRE has helped the borrower finance the asset.

WEST LONG BRANCH, NJ—Peter Reinhart, Esq., director of the Kislak Real Estate Institute at Monmouth University, has been named the first recipient of the Arthur and Dorothy Greenbaum and Robert Ferguson/New Jersey REALTORS Endowed Chair in Real Estate Policy in the university's Leon Hess Business School.