Elli Klapper News Today

Adding up to more than 27 acres, and inclusive of a 112,000-square-foot office building, Treetop Cos. acquired three Bridgewater properties.

CBRE announced it arranged the $9.6 million acquisition of 153 Bauer Drive from Oakland Management by real estate investment firm Faropoint. 

CBRE announced the sale of The Riverside Medical Office Portfolio, including triple-net-leased medical office properties in multiple cities.

A Burlington County office property will be developed into a 184K-square-foot logistics facility following its sale to Prologis.

Expert

On Jan. 11, CBRE announced it completed the sale of an 85,000-square-foot Parsippany office complex near the Interstates 80 and 287.

A buyer purchased 15 acres of industrial development land at 200 Cottontail Lane in Somerset for $30.75 million, CBRE said.

Brookfield now has ten separate land parcels in the tri-state area it is developing as logistics facilities.

Affordable housing developer Grubb Properties made its NYC entrance by buying Financial District and Long Island City sites for $152 million.

SALES CBRE announced the sale of a religious facility located at 108 Washington Place in Passaic, NJ. The former Presbyterian church was acquired by the Church of God Prophecy for $750,000.  Charles Berger and Samuel Bernhaut and Nicole Nannola of CBRE’s Retail Services, represented the seller, Trustees First Presbyterian Society of Passaic, and procured the buyer, another religious institution that will continue to cater to the neighborhood. Built in 1927 to serve the Jewish congregation...