PHILADELPHIA, PA—Pennsylvania Real Estate Investment Trust has sold the Nittany and North Hanover Malls for $32.3 million. PREIT says completion of the transaction is “a major milestone” in the company's commitment to enhancing the quality of its portfolio.

PISCATAWAY, NJ—Trammell Crow Company and joint venture partner Clarion Partners have signed Dawn Food Products to a 130,681 square foot, long-term lease at 30 Knox Drive, one of two industrial buildings located within South Washington Park, a 532,792 square foot industrial project located in the heart of the Northern New Jersey Industrial Market.

SECAUCUS, NJ—Cushman & Wakefield is the new leasing agent for 300 Lighting Way, a 303,000-square-foot, seven-story office building in Secaucus.

OLDMANS TOWNSHIP, NJ—NFI, a supply chain company headquartered in Cherry Hill, NJ, has broken ground on a new build-to-suit distribution center in Oldmans Township, NJ, for future growth and expansion of Five Below, a retailer of trend-right, high-quality, extreme-value merchandise for pre-teens, teens and beyond.

JERSEY CITY, NJ—Northmarq Capital's New Jersey office negotiated a $192 million construction to permanent loan on URL® Harborside 1, a sustainable 69-story apartment tower project.

PHILADELPHIA, PA—Cushman & Wakefield is serving as exclusive advisor to an affiliate of The Brickstone Companies to arrange the recapitalization of Mellon Independence Center, 701 Market Street, Philadelphia, PA. The $88.2 million transaction involved securing joint venture equity from Madison International Realty and debt financing from Natixis Real Estate Capital.

CONSHOHOCKEN, PA—Top quality office tenants are attracted by building with world class amenities in close proximity to transportation hubs, says Stephen J. Gleason, president of Kairos Real Estate Partners, which has just lured medical technology company Genomind from its Chalfont, PA, headquarters to occupy 8,700 square feet in Kairos' Triad Building at 2200 Renaissance Blvd. in the Conshohocken/King of Prussia submarket.

NEW BRUNSWICK—Heavy demand for industrial space and strong appetites for retail properties are two key market characteristics, says José Cruz, senior managing director of HFF, one of the panelists featured at next week's RealShare New Jersey Conference.