Terreno Realty Corp. has sold an 86,000-square-foot industrial building in the Somerset section of Franklin for $25 million, nearly tripling the price it paid for the property in 2016.
A personal trust has sold a nearly 41,000-square-foot retail property in Toms River for $9.25 million, in a newly announced deal by Marcus & Millichap.
Wharton Industrial has acquired a nearly 190,000-square-foot warehouse in Camden County, in one of two newly announced deals by the real estate investment firm.
As one of America’s original 13 colonies, New Jersey has a rich and historic past. This includes former industrial properties or commerce centers in urban areas, more recently developed office parks in the suburbs and older office buildings — many of which largely stand empty — in central business districts. These vacant relics — together and individually — can be transformed into new, vibrant centers for live, work and play.
Those heralding the death of the suburban office park may not have seen Lakewood recently, where the growth of Class A space is defying conventional wisdom and statewide trends.
Retailers in and around New Jersey were largely optimistic ahead of a critical holiday shopping season, while still grappling with concerns about inflation and other economic pressures.
A uniform company has purchased a 207,000-square-foot industrial building in Hillside for $30 million, in a newly announced deal by Zimmel Associates.
A private investor has acquired a nearly 25,000-square-foot office property in downtown Red Bank for $10.7 million, brokers with Marcus & Millichap said Tuesday.
Kokes Properties has completed a new 45,000-square-foot self-storage facility in the Whiting section of Manchester Township, the firm announced Tuesday.