New Jersey

The New York City-based co-working space firm has entered into a partnership with building owner Coretrust Capital Partners to take two full floors totaling 55,000 square feet of space at the Two Liberty Place office tower.

The Bloomfield, NJ-based firm reports it acquired the property, which consists of 70 personal care units and 33 memory care units, on May 14.

Dressbarn was founded in 1962 by Elliot and Roslyn Jaffe, who initially opened a single store in Stamford, CT. The company grew to a nationwide chain of approximately 650 stores that currently employ approximately 6,800 associates.

The purchase of the five retail banking branches expands the footprint of the Bank of Princeton into Burlington, Gloucester and Camden counties in New Jersey.

Building owner Emerita USA has hired the brokerage firm to help roll out an action plan to improve efficiency and operation of the historic 592,000-square-foot brick and limestone office tower as part of its reintroduction and rebranding.

“While the company continues to believe that an amicable resolution of Bow Street's expensive and disruptive proxy contest would be in the best interests of the company and its stockholders, in these circumstances, the company had no choice but to terminate settlement discussions with Bow Street,” Mack-Cali Realty states.

The Livingston, NJ-based firm reports that in the past 12 weeks it has arranged 11 urban-core sales totaling more than $36.85 million that involved more than 226 units spanning Elizabeth, East Orange and Orange markets.

Kimmerle Newman Architect's 111 Littleton Road, a three story, 36,389 square-foot office building located in the heart of Parsippany, NJ was converted from a tired Class C building into a modern Class A structure, and was nominated and won a Good Neighbor Award from the New Jersey Business & Industry Association as well.