PARSIPPANY, NJ-As part of its ongoing effort to refocus on its core markets in the Northeast, the REIT has agreed to buy the 57,722-sf class A asset from an Ivy Equities affiliate.

ELIZABETH, NJ-The 70-acre project will replace an existing ship-to-rail facility that is nearing capacity. Conti Enterprises has been hired by the bi-state agency to build it.

RIDGEFIELD PARK, NJ-Heyman Properties enters the New Jersey market with the acquisition, by one of its affiliates, of the 213,000-sf, class A, 85 Challenger Rd. in Bergen County.

PLAINFIELD, NJ-But regulatory and legal challenges remain before this Union County city can break ground on the proposed $33-million office/retail complex. The 4.5-acre tract has been vacant for decades, and city officials are eager to see it redeveloped.

BERKELEY TWP., NJ-The owner of Berkeley Plaza is preparing to launch an $8-million expansion (to almost 107,000 sf) and renovation that includes Shop Rite replacing a shuttered A&P as anchor tenant.

BERKELEY TWP., NJ-The owner of Berkeley Plaza is preparing to launch an $8-million expansion (to almost 107,000 sf) and renovation that includes Shop Rite replacing a shuttered A&P as anchor tenant.

MT. OLIVE, NJ-The lodging chain has closed on a 3.5-acre site adjacent to the ITC Crossing shopping complex in a transaction arranged by Silbert Realty and Management.

WOODBRIDGE, NJ-According to numbers issued by the NJ office of Julien J. Studley Inc. the drop in rents and increase in vacancies have leveled off, but the crisis of sublease space still looms.