Globest Sectors

The brokerage firm also reports that another lease deal with a co-working firm involving multiple floors of a City Center office building is currently pending.

The 97,538-square-foot retail and office building at 68 King William Street will undergo renovations before housing new tenants.

Dollar stores, that is. Brands in this stalwart category of the net lease sector are upping the ante on service, with plans to cash in on the growing trend toward “customer experience.”

The REIT will be the majority partner in a joint venture with S.J. Collins Enterprises to develop Southern Post.

The 125,942-square-foot building is fully occupied by Duke Health.

Washington, DC-based Carr Properties first invested in the project in a 50-50 joint venture in May 2018 with National Real Estate Advisors, LLC.

Adaptive reuse can optimize the operational and commercial performance of a building by transforming obsolete spaces to serve entirely new purposes.

The three properties that traded included the 195-unit Regency House at 304 Erial Road in Sicklerville, Camden County; Upper Deerfield Estates (67 units) at 23 McCormick Boulevard in Bridgeton, Cumberland County and Polo Ridge Apartments (64 units) at 1210 North Route 130 in Burlington Township, Burlington County.