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MONTCLAIR, NJ-Continental Properties will raze the defunct Monclair Community Hospital and replace it with a townhouse community. Work on the 3.2-acre site will start later this month.
SOUTH PLAINFIELD, NJ-Luggage maker Tumi has its headquarters in the building and Commerce Bank has a loan processing center. Corporate Realty Income Fund is the seller.
SOUTH PLAINFIELD, NJ-Luggage maker Tumi has its headquarters in the building and Commerce Bank has a loan processing center. Corporate Realty Income Fund is the seller.
FRANKLIN TWP., NJ-J.G. Petrucci sells the asset to Harbor Group for $113 per sf in a deal brokered by Zimmel Associates. FedEx, Royal Blue Financial and Kali Labs are key tenants.
ISELIN, NJ-BRM Parkway receives permanent financing totaling $18.25 million for the 122,643-sf retail center. Three tenants--Marshall's, Bed Bath & Beyond and DSW Shoe Warehouse--fully occupy the center.
ATLANTIC CITY-The new owner of the struggling casino/hotel property, which was acquired from Caesars Entertainment as part of a four-property acquisition, is looking to match the growth of its competitors in the market.
PARSIPPANY, NJ-William F. Hinson is the brokerage franchisor's new director of servicing for the Southern region, and Robert S. Hahn is senior director of interactive marketing.
ROCKLEIGH, NJ-Royal Sovereign picks up the manufacturing/flex building for $3.3 million, or $48.92 per sf, in a deal arranged by Grubb & Ellis and McBride Corporate Real Estate.