New Jersey

The location, on the second floor of the mall near Forever 21 and Nordstrom's, will focus on startups, small businesses, retail and e-commerce incubation initiatives, revolutionizing the mall model.

Strengthening market fundamentals drove fourth quarter absorption and historic class A asking rents, say the firm's Andrew Judd and Jason Price.

“This strategically located building is ideal for major users looking for quality industrial space at the epicenter of two major consumer markets,” says CBRE's Ben Shapiro.

During the month of December alone, Gebroe-Hammer arranged 14 trades valued in excess of $114.21 million encompassing 1,076 units.

“The property is a perfect addition to our portfolio of transit-oriented workforce housing, and we will add additional value by enhancing management and resident services,” says Andy Wallace, CEO of One Wall Partners.

“The property's durable in-place cash flow and significant upside were appealing to American Equity Partners," says Newmark Knight Frank's Kevin Welsh.

The long-term lease with RK Pharma involves the entire 215 building and its adjoining annex at the campus.

“Although the financial markets were highly unpredictable, commercial real estate performed the way it has for most of the past several years – with steady growth supported by strong fundamentals,” says Jason Wolf, founder and managing principal of WCRE.