Deals and Moves: July 13
Distribution center financing, retail site ownership, wave energy development.
North
The Florham Park office of commercial real estate firm Holliday Fenoglio Fowler L.P. announced Thursday that it has arranged $41.15 million in construction financing and joint-venture equity on behalf of industrial developer JG Petrucci Co. Inc., in Clinton, to develop a 570,100-square-foot distribution center in Edison.
Central
Real estate management firm Advance Realty, in Bedminster, announced Thursday that its joint-venture partnership with Structure Tone Equities has taken ownership of a 132,733-square-foot retail site in East Windsor Township.
Wave energy technology developer Ocean Power Technologies Inc., in Pennington, announced Wednesday that it has formed a partnership with security and aerospace technology manufacturer Lockheed Martin Corp., in Bethesda, Md., to develop a 19-megawatt wave-energy project in Australia.
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