News

The Home Depot, following 20 years at this site, recently exercised its first 10-year renewal option, demonstrating its long-term commitment to the property, CBRE states.

The three-property portfolio transaction included the $5.3-million sale of Ausonia Apartments, a 26-unit multifamily property with two commercial units located at 501-505 Raritan Avenue in Highland Park, located in Middlesex County NJ.

The division of Health Care Service Corp. reports it is expanding its operations and has signed a lease for nearly 130,000 square feet of space at the Marshfield Plaza Building at 1119th St. and Marshfield Ave.

The property offers 84,000 SF of buildable space and is currently home to a Shell station, whose lease expires in September 2021.

The final repositioning phase has recently been completed by Steven Kratchman Architect, upon the project’s initial phase completion in 2008.

The deal follows last week’s sale of 99 Greenwich Ave. by Midwood Investment & Development. The nearly 11,000-square-foot retail property triple-net leased to CVS through January 2038 was acquired by an institutional investor for $30 million.

The firm has launched a new life sciences platform and has acquired a $152M life sciences campus in New Jersey.

After revealing closing $140 million ground leases underlying office buildings in New York, NY and Austin, TX, the firm releases newly signed contracts in New York.