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MORRISTOWN, NJ — JLL has closed the recent sale of 19 Chapin Rd., a four-building, core-plus light industrial portfolio totaling 529,110 s/f in the Morris County community of Montville Twp. JLL marketed the property on behalf of the seller, partnership between Camber Real Estate Partners and Advance Realty Investors. A partnership comprising Cohen Asset Management, Inc. and Intercontinental Real Estate Corp. purchased the asset. 19 Chapin Rd. is 93.7% leased to 11 local and

BETHLEHEM, PA — Holliday Fenoglio Fowler, L.P. (HFF) announces the more than $30 million sale of a 71-building/383-bed, scattered-site student housing portfolio at Lehigh University in Bethlehem. The HFF team marketed the property on behalf of Campus Apartments. A private investment vehicle managed by Hong Kong-based Beacon Assets purchased the property free and clear of existing debt. The 71 properties within the portfolio have prime ‘walk to campus’ locations and incredib

PHILADELPHIA, PA — Holliday Fenoglio Fowler, L.P. (HFF) announced the $55.25 million sale of and the $50.4 million acquisition financing for MacArthur Commons, a 371,886 s/f, fully leased, grocery-anchored power center in the Lehigh Valley of Pennsylvania. The HFF team marketed the property on behalf of the seller. An affiliate of Abrams Realty & Development purchased the asset free and clear of existing debt. Additionally, working on behalf of the new owner, the HFF team s

JERSEY CITY, NJ — Holliday Fenoglio Fowler, L.P. (HFF) announced that it has closed the sale of 75 Park Lane and 2 Shore Dr. North, two residential development sites totaling 1.85 acres along the Hudson River waterfront in Jersey City. HFF marketed the sites on behalf of the seller. Strategic Capital purchased both properties. Shearman & Sterling LLP provided legal counsel to Strategic Capital during the transaction. The development sites are located in the Newport section o

MORRISTOWN, NJ — Holliday Fenoglio Fowler, LP (HFF) announced that it has closed the sale of a two-property medical office and office building portfolio totaling 128,000 s/f in Morristown. The two properties within the portfolio are: 55 Madison and 101 Madison Ave. HFF marketed the assets on behalf of the sellers, a joint venture of Ivy Realty and CenterSquare Investment Management. Atlantic Health System, represented by Colliers International, purchased both buildings for $

Photo Caption: Retail Update: Opportunities and Trends was moderated by Matthew K. Harding, president of Levin Management. Panelists included Marta Person Villa, VP of CBRE; Michael Lombardi, director of the Net Lease Property Group and VP of investments for Marcus & Millichap; and Nancy Erickson, senior director/NJ retail leader for Cushman & Wakefield. PARSIPPANY, NJ — New Jersey’s commercial real estate market is showing encouraging signs of stabilization and growth – part

NEW ROCHELLE, NY — Holliday Fenoglio Fowler, LP (HFF) announced that it has closed the $7.475 million sale of three apartment properties totaling 65 units in New Rochelle.HFF marketed the properties on behalf of the seller, JEM Holdings. Virginia City, LLC purchased the offering and assumed the existing mortgage. The three apartment buildings are located at 347 Huguenot St., 778 Main St. and 10-14 Glencar Ave. All of the properties provide easy access to public transportation

WEST CHESTER, PA — HFF announced that it has closed the sale of Halstead, a 198-unit apartment and townhome community in West Chester. HFF marketed the property on behalf of the seller, TGM Associates. Metropolitan Management Corporation purchased the asset. Halstead is situated on more than 11 acres at 812 Goshen Rd. near Routes 202 and 322 and the West Chester Pike in the heart of West Chester. The garden- and townhome-style property consists of six, two-story courtyard bui

EAST HANOVER, NJ – HFF announced that it has closed the $10.95 million sale of Eagle Rock Executive Office IV, a 177,820 s/f, class A office building in East Hanover, a township in northern New Jersey 15 miles northwest of Newark. HFF marketed the property on behalf of the seller, Griffin Capital Essential Asset REIT, Inc. (GCEAR). Boxer F3, LLC purchased the property free and clear of existing debt, and Boxer Property will manage and lease the building. The three-story Eagle

FORT LEE, NJ — HFF has closed the $120 million sale of The Crest at Fort Lee, a 351-unit multi-housing community. HFF marketed the property on behalf of the seller, Capri Capital Partners, LLC. Pantzer Properties purchased the asset for $120 million, or approximately $341,880 per unit, free and clear of any existing debt. The Crest at Fort Lee is situated on 13.09 acres at 900 Crest Lane in eastern Bergen County and is minutes from the New Jersey Turnpike/George Washington Br

POUGHKEEPSIE, NY — HFF announced that it has closed the $48.3 million sale of The Shoppes at South Hills, a 516,769 s/f grocery-anchored retail power center in south Poughkeepsie. HFF marketed the property on behalf of the seller. DLC Management Corporation purchased the asset free and clear of existing debt. The Shoppes at South Hills sits on approximately 72.6 acres at 1895 South Rd. (Rte.9), which has an average vehicle count of 40,000 per day. The center is at the interse