Featured

EDA backs Liberty Science Center refresh, expansion with $40 million tax credit award

State officials have pledged their support to a planned expansion of the Liberty Science Center in Jersey City — including more than 100,000 square feet of new outdoor exhibition space — under a $40 million project that would also refresh the museum’s indoor offerings.

Retail

RIPCO: Boot Barn set to debut three New Jersey stores by year-end, inks lease for another

Boot Barn is ramping up its expansion in New Jersey, announcing new store openings in Bridgewater, Totowa and Jersey City and a new lease signing for a future site in Edison.

Industrial

NAI Mertz closes sale of 106,000 sq. ft. Mount Laurel industrial building

A private business has purchased a 106,000-square-foot industrial property in Mount Laurel, paying an undisclosed price in a deal arranged by NAI Mertz.

Office

Nessel inks new lease, expansion to nearly fill Mount Laurel office complex, WCRE says

Nessel Development has all but filled a Mount Laurel office portfolio after a new lease and an expansion by an existing tenant, in a set of deals arranged by Wolf Commercial Real Estate.

Government & Public Policy

Morristown’s Mayo PAC poised for $65 million expansion, update with new state tax credit

The acclaimed Mayo Performing Arts Center in Morristown is set to begin a major expansion and renovation after securing a $65 million tax credit award under a new state program.

Industrial

CBRE: Genesis buys South Brunswick industrial outdoor storage parcel for $5.7 million

Investment group Genesis has picked up another industrial outdoor storage property in New Jersey, buying a five-acre site in South Brunswick’s Dayton section for $5.7 million.

Professional Services

Veteran medical office, health care brokers Lizzack and Horning join The Clinical Group

The Clinical Group, the growing medical real estate and health care advisory firm, has bolstered its team in a significant way with the addition of two prominent brokers in the space.

Office

Owner-occupier buys 16,000 sq. ft. Denville office building, C&W says

A private occupier has purchased a nearly 16,000-square-foot office building in downtown Denville, brokers with Cushman & Wakefield announced Thursday.

A landlord perspective on alternative retail leases: Not your average retail lease

To avoid the so-called “tail wagging the dog,” rooftop owners can avail themselves of certain strategies in structuring rooftop lease deals to minimize risk. This article touches upon a few strategies, including reserve areas and relocation and recapture rights.

Current Issue

Owners Council Q&A: Lance Bergstein

The market has really ebbed and flowed over the last 12 months. There were spurts of positive progress coupled with deterrents. I think this recent rate cut will help the macro environment but many of the fundamentals have remained the same. As a whole, the country is in an interesting political environment, which is perhaps more impactful to the economy than raw economic data.