With a history of guiding companies and site owners through government-mandated cleanups, EWMA has moved to expand its role in transactional real estate and adaptive reuse projects, all while seeking to add service lines that allow for longer-term relationships with its clients. In the process, the Parsippany-based firm has completed both an external rebranding in the marketplace and an internal plan to add new layers of expertise and build its talent pipeline for the future.
Features
Real Estate NJ goes in depth on the latest trends, success stories and critical issues facing the commercial real estate industry. Hear what is on the mind of the industry’s power players and get expert analysis as we give you the deepest look inside the market.
Retail, residential project in Hanover was more than a decade in the making
Following an environmental cleanup, a lengthy entitlement process and several hurdles along the way, Key Properties has marked the completion of a 107,000-square-foot shopping center known as Hanover Crossroads. The complex at 110 East Hanover Ave. became fully leased within 15 months of breaking ground — anchored by major tenants such as T.J.Maxx, HomeGoods, QuickChek and AutoZone — as other new retail projects have taken shape nearby.
Developer aims to transform historic Kearny shipyard into 21st-century workspace
Hugo Neu Corp. is redeveloping the former Federal Shipbuilding and Drydock Co. in Kearny as a hub of flexible office space for startups, creative businesses and others seeking a modern workplace. It aims to do so while taking advantage of the historic, architecturally distinct buildings on the 130-acre site, some of which offer the type of soaring ceilings and open-air feel that appeals to edgier tenants.
At Kearny Point, diversification is key
The wide, light-filled hallways inside Building 78 are lined with glass panels that offer a look into the businesses that have moved into Kearny Point — from a wedding dress designer to a 3D printer to venture capital-backed research labs. All signs point to a project that has succeeded in creating diversity at the 207,000-square-foot flex office space, where the first tenant committed in late 2015.
Garden State drawing more industrial tenants from NYC boroughs
Companies from Brooklyn and New York City’s other outer boroughs are increasingly taking industrial space in New Jersey, brokers say, whether they are expanding beyond their original business locations or looking for a new home altogether. The trend is adding to the already surging demand in the market for warehouse and distribution space in the Garden State.
Wired for success: Rating system could change how developers approach connectivity, infrastructure
Earlier this year, the rating service known as WiredScore released a full-fledged set of guidelines, providing a roadmap for professionals involved in new commercial developments. And with the growing importance of data and internet connectivity, the rating system offers the potential to play a major role in office leasing going forward.
