Director of Client Services Monica Walsh found the new tenant for the former headquarters of HFM Investment Advisors LLC.

The 4,560-square-foot building is fully leased to a national bank.

WCRE represented the buyer and the seller in the sale of the 25,000-square-foot property.

“We never really considered expanding to New Jersey," said owner Danny Young, "but when our broker brought us to Journal Square, we thought it was an outstanding location. It’s a thriving commercial and residential neighborhood and the Journal Squared building is very upscale. We believe our concept will be a great product and service for the area.”

Darren Lizzack and Randy Horning represented the landlord; the firm has exclusively handled leasing at the building since 2018.

According to Lee & Associates - New Jersey, which represented the seller, the site will be redeveloped into modern warehouse space.

CBRE announced and secured the funding for the luxury residential building on behalf of Veris Residential and its joint venture partner.

NJ Aspire is a flagship program under the state’s $14.5 billion 2020 Economic Recovery Act that Gov. Phil Murphy has touted as an initiative to help advance housing and commercial development projects in “overlooked” communities.

The practice has been a tenant of the six-story building at 777 Terrace Ave. since 2010.

JLL Capital Markets arranged the 10-year, fixed-rate, non-recourse loan.

The direct private lender says the move coincides with its entrance to the next stage of growth, having just surpassed $4 billion in closed loans.

Levin Management Corp. said its retail-focused leasing and management portfolio saw more than twice the number of store openings in 2021 than it did in 2020, and 33% more than in 2019.