The property also offers the Somerset developer and manufacturer soft gelatin nutritional supplements 11,000 square feet of office space.

The Port Authority of New York and New Jersey and PATH enlisted the hometown firm to handle retail at the 10-story transit hub.

Following its entrance into a fourth new market last week, the Red Bank firm is again bolstering its grocery-anchored portfolio.

“There continues to be strong lender interest in well located and occupied multifamily assets,” according to Marcus & Millichap Capital Corp. First Vice President Joseph Belgiovine, who arranged the funds.

The Hamilton-based, employee-owned, full-service architectural, interior design, landscape architecture and planning firm was founded in 1954. It now has eight offices across six states, most recently expanding its footprint in Florida.

According to the firm, the sale of the West Deptford site adds to its growing number of successful investment deals in South Jersey and the Philadelphia region.

The Kislak Co. Inc. announced the off-market transaction for the first new residential rental building to rise in the Bergen County municipality in 20 years.

NAI James E. Hanson negotiated the sale for the more than 10-acre property, which is zoned for outdoor commercial storage — a rarity in the area.

The Red Bank firm's latest grocery-anchored acquisition marks the fourth entrance to a new state it has made in 2022.

The apartments from Garden Communities offer commuter options, luxury living and loads of amenities in Bergen County.

“In the 12 years I have been selling investment real estate in Monmouth County, there has never been a better market," Senior Vice President Daniel Lanni commented. "Those who resisted selling in the past are now compelled given the incredible investor demand and continued cap rate compression.

Formerly zoned for retail, the vacant South Jersey property remained on the market due to oversaturation in the area. Thanks to the firm's work, luxury apartments are now slated for the site.