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SANTA MONICA, CA—Retail properties saw the biggest gain in volume, with $81.4 billion in total deals in 2014. One of those was a portfolio sale of more than 6.7 million square feet.
IRVINGTON, NJ—Electronic Technology Inc., an electronic design and systems integration firm serving the utility and industrial market, has leased 24,235 square feet at 209 40th Street in Irvington, NJ. Bussel Realty's senior vice president Herb Zimmerman was responsible for the transaction and represented the tenant. NAI Hanson represented the owner.
HARRISBURG, PA—HFF arranged a $50 million financing for Los Angeles-based Hager Pacific Properties, which is acquiring a 100-percent-occupied portfolio of 10 properties with 86 buildings totaling 2.12 million square feet in central Pennsylvania.
BELLMAWR, NJ—Bellmawr Laundry is relocating from Philadelphia to the New Jersey town whose name it bears. NAI Mertz brokered the laundry's purchase of a 74,000-square-foot industrial building at 281 Benigno Boulevard in Bellmawr, NJ.
CALABASAS, CA—Surveying January's employment gains, Marcus & Millichap's chief strategy officer predicts strong positive absorption ahead in office and retail, among other things.
CHICAGO, MILWAUKEE—In this <B>UPDATE</B>, the recent sale of a large Wisconsin portfolio is further proof that investors are seeking higher returns in secondary markets.
PHOENIX—Marcus & Millichap has completed the sale of Chaparral Mobile Village, a fully improved, 359-site, all-age manufactured home community in Tempe at Kyrene and Baseline.