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Hennessey served for more than a decade at Community Investment Strategies of Lawrenceville, NJ as project coordinator where she had direct involvement in the development, construction and management of more than 2,000 affordable homes throughout New Jersey.

“CIG has traditionally focused on residential assets and has recently expanded its' investment criteria to include office properties,” says Gershon Alexander, principal of PAG Investments. “This acquisition will mark a foray into the office sector.”

The San Diego-based firm plans to occupy a total of 30,783 square feet encompassing the entire second and third floors of the 38-story tower building in the latter part of the first quarter of 2020.

Equus Capital Partners also announced on Thursday that an affiliate acquired a four-building office portfolio totaling 299,614 square-feet in Aurora and Denver, CO.

Construction continues on The Fashion District Philadelphia, a joint venture partnership between PREIT and Macerich, which announced more than two dozen new lease deals at the property.

The 18-building, 1.3 million-square-foot portfolio sold to an affiliate of Longfellow Strategic Value Fund LLC.

The 300-unit luxury property in Augusta, GA was purchased from site developer, Southeastern Development Associates.

Fairfield Properties and Eagle Rock reached a unique deal, involving trading properties on Long Island, NY.