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CHATHAM, NJ-The new partnership will follow in the footsteps of Wellsford Commercial Properties by buying under-performing properties and repositioning them as class A office buildings. Initial funding is $75 million.
JERSEY CITY-The discount broker bumps its space commitment to 575,000 sf, taking all of Mack-Cali's under-construction Harborside 10 property. Its new lease is for 15 years. This will be its regional headquarters.
MANSFIELD, NJ-The Warren County property that totals more than 200,000 sf, has anchor tenant complement that includes Wal-Mart, A&P and Sears Hardware. Cronheim has arranged the package.
CEDAR KNOLLS, NJ-New owner will refurbish and reposition the former B.F. Goodrich Building for multi-tenants, while a Goodrich division will continue to occupy space. The sale price was not available from the brokers.
BAYONNE, NJ-A spring opening is set for the 233,000-sf neighborhood center, described by local officials as the largest shopping center in this Hudson River waterfront city. The opening will bring long-anticipated retail to this redevelopment district.
WEST WINDSOR, NJ-A research firm proposes to redevelop and expand its own headquarters facility and add more than two million sf of office and technology-related space around it.
WOODBRIDGE, NJ-Two properties, located near Princeton and Toms River, total more than 500,000 sf and feature such anchors as Stern's, Bloomingdale's Furniture, Marshalls and Pier I Imports.
WEST LONG BRANCH, NJ-The online real estate agency, only in business since last March, has sold $100 million in homes with another $50 million pending. This dotcom is succeeding in the face of the shakeout.
EAST RUTHERFORD, NJ-The sale of a South Jersey office portfolio and a rash of lease transactions by broker's Garden State offices ends "double-zero" pretty much as it began--with a high level of deal-making activity.
DEPTFORD, NJ-The 202,000-sf strip mall, loaded up with big-box tenants, is located directly across from Deptford Mall, one of South Jersey's powerhouse retail properties. It has been bought up by an investment partnership.