PARAMUS, NJ-The venerable one million-sf shopping mecca moves out of the portfolio of Simon Property Group in a purchase funded as part of a Section 1031 Exchange.

FRANKLIN TWP., NJ-Northmarq Capital arranged the package for the KS Realty-owned building, with Sun Life Assurance of Canada providing the money.

SOUTH BRUNSWICK, NJ-Schultz/TCN has been hired by Crow Holdings to operate two industrial facilities here, boosting the relationship between the two companies to more than 700,000 sf.

BALTIMORE-The previously announced sale of Prime Retail, based here, to an affiliate of the Lightstone Group LLC for $626.5 million in cash and assumed debt has been completed.

MORRIS PLAINS, NJ-Weichert Commercial arranged the deal that moved the facilities into the hands of a private investor. Olympic Industrial Park was the seller.

HOBOKEN, NJ-The Pinnacle Group takes control of a project that will turn the old Maxwell House coffee plant into a $500-million mix of upscale condos and more than 200,000 sf of commercial space.

PARAMUS, NJ-With a total of just under 226,500 sf, Burroughs Development netted $141 per sf for its properties. Holliday Fenoglio Fowler's NJ office arranged the deal.

ROSELAND, NJ-The transaction, which comes at the developer's 280 Corporate Center, will require moving existing tenants of the building to other locations within the park.