New Jersey

The property, which was developed in 2016, is anchored by a 150,000-square-foot Walmart Supercenter. The property was sold by Abrams Realty & Development of Elkins Park, PA.

The governor's budget supports more than $1.26 billion in direct property tax relief, which includes $276 million for the Homestead Benefit, as well as an increased property tax deduction cap and expanded Senior Freeze eligibility that the governor and legislature enacted in their previous budgets.

The property is 93% leased to 34 tenants, including Regal Cinemas, Hobby Lobby, Marshalls, Ross Dress for Less and Big Lots, which serve as anchor tenants.

Halpern Real Estate Ventures, a real estate investment platform focused on value creation in urban centers, has closed a $50 million commingled Opportunity Zone fund in partnership with General Partner Capital.

The property, owned by a joint venture between PREIT and Macerich, reports that 20 stores have opened in the first five months of operation

Vision officials note that the rooftop deck at the 146,000-square-foot office building is similar to an exclusive Manhattan high-rise venue, totaling 2,500 square feet with an additional 600 square feet available for a potential future expansion.