The development from the KRE Group is drawing residents looking for open space, and lower rents, along the Gold Coast.

NAI Hanson represented The Wharton Institute for the Performing Arts in the transaction, which is a long-time tenant of the 11,500-square-foot office/flex space.

In the Northern Region, the Newark submarket — the tightest in the state — posted the highest Class A average asking rate, up 23% quarter over quarter and 87% year over year to $30.85 per square foot.

CBRE arranged the acquisition of the fully leased, 44,300-square-foot site.

Boutique community Solaris Lofts offers 72 units with access to the Hudson Waterfront, mass transit options and more.

Coldwell Banker Realty unveiled the boutique development, which offers 32 three-story units designed "with every detail planned out to meet the needs and desires of today’s homeowners."

The four-building, 230,000-square-foot office park features the only LEED Gold Certified building in South Jersey outside of Camden.

Executive Vice President David Jarvis first sold the attractive,1940 property in 1999. The latest transaction makes its fourth sale since then.

Located directly off of Route 17, the 63,000-square-foot building is close to Interstate 80.

According to seller Prism Capital Partners, the price tag makes for the largest suburban office sector sale in the state this year.

The firm negotiated transactions in Lodi, Wayne and Hackensack, including for a bubble tea café with an international presence.

In a statement, President Lewis Zlotnick said that adding new members to the team will allow the firm to "sustain its momentum, and further support the robust pipeline of projects we have ahead of us"—which include a pipeline of approximately 5 million square feet of industrial projects that are slated to start over the next 24 months.