Currently 72% leased, 710 Bridgeport Ave., which is located on a 36-acre campus, offers significant upside through further lease up, while having a strong credit rent roll, including PerkinElmer Health Sciences, Inc. (130,035 square feet) and Panolam Industries International, Inc. (79,000 square feet) that anchor the property, CBRE notes.

Premier Realty Holdings acquires Wateridge Pavilion from Fenway Properties for $16.3 million after generating interest from a wide variety of buyers due to its Sorrento Mesa location.

Demand for industrial space in this New Jersey submarket is driven by the area's proximity to the Ports and the densely-populated communities of Northern New Jersey and New York City.

The firm is shifting operations in June of 2018 to 70,000 square feet of space on the seventh floor of Building 19 in Industry City, one floor below the Hospital for Special Surgery Training Center where the firm's Brooklyn Nets NBA franchise practices.