IDI buys vacant office site in Somerset, plans 213,000 sq. ft. warehouse project

IDI Logistics has revealed plans to build more than 200,000 square feet of new industrial space along Interstate 287 after acquiring a vacant office park in the Somerset section of Franklin.

JLL seeking buyer for 42,000 sq. ft. Summit office building, touting strong value-add potential

The owner of a boutique office building in Summit has tapped JLL to sell the property, providing what the listing team says is “significant value-add potential” in a top-tier market.

Cushman adds Manfro as managing director, Northeast retail investment sales

Cushman & Wakefield has bolstered its capital markets team in the region with the addition of Joanna Manfro, a veteran broker in the retail space.

Velocity leases 36,000 sq. ft. in three new deals at Gloucester County industrial property

Velocity Venture Partners has added three tenants at a Gloucester County industrial building, leaving just one space available at the roughly 68,000-square-foot facility.

District 15Fifteen adds seven dining, fitness tenants as Parsippany project hits 65 percent leased

By Joshua Burd The team behind the mixed-use District 15Fifteen project in Parsippany has filled two-thirds of the property’s retail space, with momentum building after a recent surge in leasing. According to Pierson Commercial, the broker for the Route 10…

Secaucus industrial owner lands $111 million loan for 800,000 sq. ft. portfolio, Wilcox says

The owner of more than 800,000 square feet of industrial space in northern New Jersey has secured $110.5 million in permanent financing, in a deal arranged by G.S. Wilcox & Co.

New tenant at Harrison industrial complex takes 214,000 sq. ft., Blau & Berg says

A private occupier has leased more than 214,000 square feet of industrial space at a well-known property in Harrison, in a newly announced deal by The Blau & Berg Co.

RRNNJ: FedEx signs 125,000 sq. ft. renewal at CenterPoint facility in Orange County

FedEx Corp. has renewed its lease for a key facility in New York’s Hudson Valley, where it occupies 125,000 square feet under a deal with CenterPoint Properties.

NJ Transit, Horizon exploring plan to redevelop Newark office sites and build new 250,000 sq. ft. headquarters for health insurer

The site of two office buildings in downtown Newark could become up to 1,000 apartments and retail space under a proposal that involves the prospect of a new ground-up, 250,000-square-foot headquarters for Horizon Blue Cross Blue Shield of New Jersey.

Russo, Terminal debut 216-unit rental project as second phase of Orange development

Russo Development has unveiled a second apartment building in Orange, delivering another 216 units along NJ Transit’s Morris & Essex Line and adjacent to a project completed in 2023.