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In response to its ongoing growth, NAI James E. Hanson says that Edge Physical Therapy was searching for a modern, well-configured space that would allow them to add other ancillary services.
The separate transactions announced by brokerage firm the Kislak Company, Inc. involved a total of 87 residential units and included the $6.45-million sale of the 38-unit property located at 403 Prospect Ave. and 333 Passaic St. in Hackensack.
Gadaleta will oversee strategy and operations for the firm's 13.5 million-square-foot portfolio as she replaces Managing Director Linda Aronson, who is hanging her hat after 37-year stint at JLL.
The restaurant, which opened in 2018 on the Paramus Golf Course, will move operations to its new location at 227 Franklin Ave. in Nutley. Peg's signed a long-term lease for the 6,300-square-foot former Kyoto Buffet Restaurant space.
The transaction was facilitated by an unspecified preferred equity investment by national multi-housing owner and operator Pensam Residential of Miami. Pensam's preferred equity investment is structured behind Fannie Mae senior financing.