There was a time when the sprawling former American Cyanamid complex in West Windsor bustled with more than 1,000 employees and agricultural researchers. A developer hopes to see the property bustling once again — but in a much different way.
A successful rental project is one of two driving forces that now have Bound Brook ready to move ahead with a long-overdue revitalization of its downtown. The borough, whose Main Street has a history of being pummeled by surges from major storms, marked the completion last year of a $143 million flood control project — meaning downtown business and property owners no longer need to spend thousands of dollars on flood insurance.
NAI Mertz might be the largest independent commercial real estate brokerage in southern New Jersey, but Barry Mertz will never forget the company’s humble beginnings.
After all, working with his wife Faye is a daily reminder of how it all started.
Experts say the struggles of New Jersey’s suburban office market are not as clear-cut as many still believe. Those challenges are in fact real, but there are still plenty of opportunities for owners and developers to make a splash.
Several of New Jersey’s largest, most prominent life sciences complexes are now on the path toward redevelopment, with new anchor tenants in place or new owners that can reclaim the value of what was left behind.
In the most high-profile cases, a team at JLL has been right in the thick of it.
It was New Jersey’s largest industrial lease of the fourth quarter — and it was a fitting end to the year for a market that has been fueled by e-commerce tenants and big box construction. But the commitment by Modway Furniture was every bit as notable for its location as it was for its size.
It was a 27-acre land sale last September that gave way to one of East Windsor’s newest industrial projects, but it wasn’t the first time the property had changed hands.
Leaders of the Rutgers Center for Real Estate aim to make it the top academic and research program of its kind, one that helps improve the industry and provides a link between the state’s top real estate firms and the next generation of professionals.
It took an engineering feat for Advance Realty to build one of Hoboken’s newest mixed-use projects. It also helped the firm attract one of the city’s most highly anticipated retailers.