The owner of a 46,000-square-foot industrial building in Monmouth County has sold the property after seven years, under a newly announced transaction by CBRE.
Larken Associates has secured a local approval to build 254 luxury apartments along Route 22 in Readington, the site of what was once slated to be a professional office campus.
A growing number of New York City-based firms have considered short-term office space in the suburbs, in an effort to reduce density, keep employees closer to home and reduce their reliance on mass transit. The movement has provided landlords and brokers with a chance to showcase New Jersey’s growing stock of revamped and rejuvenated office buildings.
G.S. Wilcox & Co. has arranged five new out-of-state loans on behalf of its clients, including $18 million in financing for the owner of a Long Island shopping center.
