The 245,749-square-foot Salem County property in Gateway Business Park can be expanded by 50,000 square feet.

The 4.9-acre improved land parcel at 245 Paterson Plank Road is immediately adjacent to the company's Michele Place property, American Dream, the MetLife Sports Complex and Exit 16W of the New Jersey Turnpike.

Robust early activity at the transformative masterplan community in the city’s west end - a combined vision of The Hampshire Cos., Claremont Development and Circle Squared Alternative Investments - reflects strong demand in the multifamily market.

JLL Capital Markets handled the deal for the 232-unit Parc at Princeton Junction, which is situated in "Einstein's Alley" near three major higher education institutions: Princeton University, Rider University and The College of New Jersey.

The acquisition of the 151-unit affordable senior community was completed in a public-private partnership with the U.S. Department of Housing and Urban Development and the New Jersey Housing and Mortgage Finance Agency.

The Asian and Hispanic grocery delivery distributor will occupy the entire building, which includes more than 100,000 square feet of dry warehouse space accompanied by 26,200 square feet of cooler space and over 36,000 square feet of freezer space.

Overbrook Associates sold the asset, which had been in the family for over 40 years. The 5,428-square-foot building is located along a heavily trafficked stretch of Route 38, midway between the Cherry Hill Mall and Moorestown Mall.

Jeff Sica, the founder of Circle Squared Alternative Investments, is working to bring 'The Untitled Cabrini' to the big screen - an inspirational story and a powerful exploration of two of today's biggest issues: immigration and the empowerment of women.

In a strong multifamily market, the asset's high-end contemporary designs and finishes provide a competitive advantage for retaining tenants and allowing rent growth in the future, positioning new ownership for success.

Rija Beares will be responsible for driving the company’s growth strategy in suburban Philadelphia, Delaware, South Jersey, the Lehigh Valley and Central Pennsylvania, and delivering integrated client solutions across the company’s Advisory Services business, including leasing, sales, valuations, debt and structured finance, and property management.

JLL Capital Markets closed the disposition, which includes two new, fully leased warehouses totaling 535,790 square feet.

The three-building package, which sold for $10.6 million, is located within a few blocks of Bergenline Avenue--according to the firm, the longest commercial avenue in New Jersey, with more than 300 retail stores and restaurants.