Hampshire-backed REIT buys 400,000 sq. ft. grocery-anchored center outside Philadelphia

A real estate investment trust with ties to The Hampshire Cos. has expanded its holdings with a grocery-anchored shopping center in Pennsylvania’s Montgomery County.

Investors trade 53-unit apartment portfolio in Woodbridge, Marcus & Millichap says

A private investor has sold a three-building, 53-unit apartment portfolio near downtown Woodbridge, according to an investment sales team with Marcus & Millichap.

Net-leased Mavis Discount Tire store in Howell trades for $2.8 million, Marcus says

A private investor has purchased the site of a Mavis Discount Tire store in Monmouth County for $2.8 million, in a newly announced deal by Marcus & Millichap.

Marcus inks sale of 15-unit Union City apartment building for $4.8 million

A seller has reaped nearly $5 million in the trade of a 15-unit apartment building in Union City, in a deal arranged by Marcus & Millichap.

Marcus inks sale of approved multifamily development site in Dunellen

An investor has purchased an approved development site in northern Middlesex County, where plans call for a reported 40 apartments in a location just north of Route 28.

Cafiero-led team looks to continue pace as Marcus & Millichap’s top N.J. brokerage unit

Marcus & Millichap’s top investment sales team in New Jersey is seeking continued momentum, following a banner year in 2021 and a strong first half of 2022, with a focus on triple-net-lease and multitenant retail deals and the industrial and office sectors.

Out of the shadows

In this month’s cover story we highlights the plan to restore and reactivate the property’s long-dormant and long-vacant ferry terminal. The master development team at LCOR envisions it as a unique destination for commuters, city residents and visitors — and as the centerpiece of the plan called Hoboken Connect — which became clearer after I recently toured the space with the firm’s Brian Barry. The building’s second floor, with its 21-foot ceiling heights and a large, column-less floorplate stretching nearly 500 feet, has all the makings of such a destination and the potential to achieve one of LCOR and NJ Transit’s top objectives: opening the terminal to the public while enhancing the commuter experience.

New 30,000 sq. ft. retail center in Butler trades for $24 million, Marcus & Millichap says

A private investor has purchased a newly built retail center in Morris County for nearly $24 million, in a transaction arranged by Marcus & Millichap.

Irvington apartments sold for first time in 40 years, trading for $4.2 million, Marcus says

The longtime owner of a 33-unit apartment building in Irvington has sold the property for more than $4 million, in a newly announced deal by Marcus & Millichap.

Net-leased gas station site in Hamilton trades for $4 million, Marcus & Millichap says

A private LLC has sold a net-leased service station property in Hamilton for $4.15 million, in a newly announced deal by Marcus & Millichap.