Elena DeAnnuntis will serve as branch manager of the new Ocean City location.

The addition of the former GC for Monmouth Real Estate Investment Corp. follows a March expansion of the executive team, as the Red Bank firm seeks to bolster its national presence.

Houston's Lovett Industrial and a capital partner acquired the 18-building property, which is situated on nearly 39 acres and located between Route 22 and Interstate 287.

This year's grant funding marks the sixth time New Jersey Community Capital has secured funds for the North Ward subset through the New Jersey Department of Community Affairs' Neighborhood Revitalization Tax Credit Program.

According to the firm, members of its Institutional Properties team have helped Stamford, Conn.-based OneWall Communities offload nearly 500 units in the Essex County municipality and neighboring Newark over the past four months to the tune of $83 million.

The property is fully leased to a provider of chemistry and biopharmaceutical services that more than doubled its footprint at the location in December 2021 to fully occupy the property.

The Current on River in Hackensack was built in 2020 and offers more than 250 units.

The move provides the growing World Insurance Associates, which has completed 145 acquisitions since its founding in 2011, space for its operational employees to work together in support of the company's regional teams.

Destination Imagination is leasing space at 141-153 S. Black Horse Pike — centrally located in Blackwood and offering access from Route 55, the Atlantic City Expressway and the New Jersey Turnpike.

The deal marks the third in a series of sales The Kislak Co. Inc. Vice President Andrew Scheinerman has arranged recently, with The VUE trading hands in an off-market transaction for $36 million and Bella at Bergenfield going for $22.5 million.

BlueSugar Corp., which was co-founded by the Brick City native, is collaborating on the project with Life Assets Development and Gonsosa.

The approximately 400,000-square-foot manufacturing and R&D site is expected to create hundreds of jobs.