We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say.
New York Life lends $65 million for new Kearny industrial project
New York Life Real Estate Investors has completed a $65 million loan to the developer of a nearly 420,000-square-foot industrial building in Kearny.
Somerset Development inks renewal, expansion among newest leases at Bell Works
Somerset Development has secured a renewal and expansion with a communications testing firm, in the largest of four new leases at its flagship Bell Works complex in Holmdel.
Importer buys 16,200 sq. ft. warehouse in Elizabeth, Team Resources says
An importing company has acquired a 16,200-square-foot industrial building in Elizabeth, under a newly announced transaction by Team Resources Inc.
Onyx-led group seals purchase of 10-building Morris County portfolio from Mack-Cali
A joint venture led by Onyx Equities has closed on its $158 million purchase of a 10-building, 1.5 million-square-foot office portfolio in Parsippany and Madison from Mack-Cali Realty Corp.
Highstone taps JLL to lease 141,000 sq. ft. office building in Ramsey
An investment firm has picked JLL as its leasing agent at a newly upgraded, 141,000-square-foot office building in Ramsey.
B6 adds broker to lead Bergen County investment sales
B6 Real Estate Advisors has expanded its New Jersey team with the addition of a broker focused on investment sales in Bergen County.
Marcus brokers sale of 45,000 sq. ft. flex industrial complex in Toms River
A private buyer has purchased a two-building, 45,000-square-foot flex industrial property in Toms River, brokers with Marcus & Millichap announced Wednesday.
NAI Mertz named leasing agent at Bellmawr office building
The new owner of a Camden County office building has tapped NAI Mertz as its leasing agent, as it embarks on a set of improvements at the 40,000-square-foot property.
Health, quality of life a growing focus in designing warehouse and logistics buildings
The race to attract quality labor has led industrial developers and users to focus increasingly on wellness-oriented design and features, but that shift has become all the more important in recent months as occupiers look to keep employees safe from COVID-19.
