Alfred Sanzari said that a new tenant is preparing for arrival at the 670,000-square-foot North Jersey complex, leaving its Manhattan location in favor of flexible space, amenities and major highway access.

The firm's history at the property stretches back 20 years, when it initially marketed and sold a full-floor, 23,000-square-foot office condo to American Heart Association.

Civalier Engineering & Surveying Inc. makes for the buyer's second Garden State location.

CBRE said it represented both the buyer and the seller in the deal, which will see Thanet Circle transformed into a rental apartment community with more than 200 units.

Avison Young said its New Jersey Project Management Group was retained by Opal Holdings LLC to oversee construction at 194 Wood Ave. South in Iselin.

The deal set what Senior Vice President Scott Davidovic characterized as a record per-unit price point for a "smaller" South Orange apartment building, at almost $280,000.

A fully affordable housing package in New Jersey's largest city has a new owner who plans to invest millions to begin upgrades at one building at the complex before the year is out, with improvements to come later to its remaining 12 properties.

A 26-acre site in Middlesex County will house a build-to-suit freezer facility with more than 267,000 square feet for the cold storage and transportation services company.

The State Property Group affiliate says it has lent more than $1 billion in the New York Metro area over the past 18 months.

The commercial real estate services firm said it arranged two leases for the after-school learning center.

“Work is no longer a place,” said the hybrid work company's chief executive Joel Steinhaus, a former executive at remote workplace outfit WeWork. “In the past, individuals and companies alike did not have professional-grade, convenient options between home and the main commercial office."

Eight new eateries are joining the ranks the 100,000-square-foot retail and hospitality area, the owner and developer of the 2.3 million-square-foot complex announced Oct. 27, along with a competition to fill the section's final space and plans for a job fair in 2022.