"We are encouraged by the sudden increase in activity," Udellsays. "We're confident that all of the economic indicators point toa continued increase in the volume of transactions completed in thesecond half of this year."

In some of the larger deals on the office side, the activity wasled by EVP W. Joshua Levering's and VP George Simson'srepresentation of the Polish and Slavic Federal Credit Union'sacquisition of a 72,000-sf class A office building in Fairfield,NJ. The seller, 9 Law Drive Associates, represented itself. Thebuyer will occupy about half the building and lease the restout.

Also on the office side, Weichert SVP Margaret Lapadura sold afive-building, 33,000-sf office complex in Union City, NJ,representing both seller Hudson Physicians Associates and buyerGoal Investments. And in Paramus, NJ, SVP David Hirschman andassociate Darren McGowan negotiated a five-year extension of alease by Neilsen & Bainbridge for 25,500 sf at Eisenhower DriveAssociates' 40 Eisenhower Dr.