Investment company Cole Real Estate Investments of Phoenix announced on March 12 it paid $53 million in cash for 8 Sylvan Parkway in Parsippany, which houses pharmaceutical manufacturer The Medicines Co. The seller was Hampshire Real Estate Cos. in Morristown.

Bergen Jaguar Acquired

Prestige Land Rover Inc. announced on March 12 its acquisition of Bergen Jaguar. Both are luxury automobile dealerships in Paramus and will operate under the name Prestige Jaguar Land Rover.

Hertz Acquires Arpielle Equipment

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