“We’re excited to complete our second acquisition in New Jersey and look forward to the opportunity to maintain the historically strong performance of this shopping center,” KPR Managing Director of Acquisitions Eric Wolf said. “The Mid-Atlantic continues to be a focal point of our portfolio, and this acquisition deepens our ties to the region.”

1025 Laurel Oak Road has sat vacant since the water utility moved to Camden.

Treetop Development said it plans to redevelop the site to create an approximately 200,000-square-foot cross dock facility.

“This is a mess in five different ways, including that it deprives every ... municipality of home rule over its property rights," said Jersey City Property Owners Association Executive Director Ron Simoncini.

1945 Route 70 E. is situated along the “Health Care Corridor” in the city's Central Business District.

LeFrak closed on the sale of its 861,000-square-foot waterfront asset on Jan. 6.

“There’s incredible potential when combining the power of private, commercial real estate investment dollars with the forward-looking advancements and overall expansion needs of today’s medical institutions," said Circle Squared Alternative Investments President and CEO Jeff Sica.

The new location is accessible from Routes 73 and 70, Interstate 295, and the New Jersey Turnpike.

The two multifamily, residential properties are expected to deliver in early 2020.

Over the next few years, the contract research organization – which currently supports almost five dozen pharmaceutical companies – will use the Hampton facility to grow its services.

The firm secured 18,150 square feet in Piscataway.

“As prices continue to rise in New York City, we are observing a notable uptick in the number of New York City-based companies looking to New Jersey for a new home,” said NAI Hanson's Russell Verducci.