v3.25.2
ACQUISITIONS AND DISPOSITIONS (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Business Acquisitions, by Acquisition
During the six months ended June 30, 2025, no acquisitions were completed by the Company. During the six months ended June 30, 2024, the Company closed on the following acquisitions:
Date PurchasedProperty NameCityStateSquare Feet
Purchase Price(1)
(in thousands)
February 8, 2024Heritage SquareWatchungNJ87,000 $33,838 
April 5, 2024Ledgewood CommonsRoxbury TownshipNJ448,000 83,211 
2024 Total$117,049 
(1) The total purchase price for the properties acquired during the six months ended June 30, 2024 includes $2.1 million of transaction costs.
The purchase prices of the above property acquisitions have been allocated as follows:
(amounts in thousands)

Property Name
LandBuildings and Improvements
Identified Intangible Assets(1)
Identified Intangible Liabilities(1)
Total Purchase Price
Heritage Square$7,343 $24,643 $4,763 $(2,911)$33,838 
Ledgewood Commons24,313 56,352 15,137 (12,591)83,211 
2024 Total$31,656 $80,995 $19,900 $(15,502)$117,049 
(1) As of June 30, 2025, the remaining weighted average amortization periods of the identified intangible assets and identified intangible liabilities acquired in 2024 were 9.7 years and 17.5 years, respectively.