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EverWest taps former Duke exec to lead new property management office in New Jersey

EverWest taps former Duke exec to lead new property management office in New Jersey

by Joshua Burd | Feb 1, 2023

EverWest Real Estate Investors’ properties in New Jersey include a 125,790-square-foot property at 650 Randolph Road in Somerset — Courtesy: EverWest Real Estate Investors By Joshua Burd EverWest Real Estate Investors has hired an industry veteran as its...
Developers, adapting to changing market, near completion of massive Linden industrial park

Developers, adapting to changing market, near completion of massive Linden industrial park

by Joshua Burd | Jan 31, 2023

The team behind the Linden Logistics Center in Linden is nearing completion of the project’s third phase, which includes buildings of about 333,000 and 517,000 square feet, with an estimated delivery of mid to late spring. The buildings will be the sixth and seventh...
Faropoint adds 151,000 sq. ft. Branchburg industrial building for $24 million, C&W says

Faropoint adds 151,000 sq. ft. Branchburg industrial building for $24 million, C&W says

by Joshua Burd | Jan 31, 2023

3140 Route 22 in Branchburg — Courtesy: Cushman & Wakefield By Joshua Burd Investment firm Faropoint has purchased a 151,000-square-foot industrial building in Branchburg for nearly $24 million, in a deal arranged by Cushman & Wakefield. The brokerage team,...
STRO lands $13.5 million loan to refi 78,000 sq. ft. Fairfield industrial building

STRO lands $13.5 million loan to refi 78,000 sq. ft. Fairfield industrial building

by Joshua Burd | Jan 31, 2023

15 Law Drive in Fairfield — Courtesy: The STRO Cos. By Joshua Burd The STRO Cos. has refinanced a 78,000-square-foot industrial building in Fairfield with a $13.5 million loan from City National Bank, the Ridgewood-based firm said Monday. The operator, the real estate...
JLL sources $250 million credit facility on behalf of Hampshire retail, self-storage REIT

JLL sources $250 million credit facility on behalf of Hampshire retail, self-storage REIT

by Joshua Burd | Jan 31, 2023

By Joshua Burd Affiliates of The Hampshire Cos. have secured a $250 million credit facility for a real estate investment trust focused on retail and self-storage properties, brokers with JLL announced. In a news release, the debt placement team said it sourced the...
Shearer, NAIOP New Jersey ready for more proactive approach to anti-warehouse sentiment

Shearer, NAIOP New Jersey ready for more proactive approach to anti-warehouse sentiment

by Joshua Burd | Jan 30, 2023

Mark Shearer, senior managing director for Rockefeller Group’s New Jersey and Pennsylvania region, is set to begin a two-year term as NAIOP New Jersey’s chapter president. He’ll assume the post amid increasingly fierce resistance to warehouse development in the state,...
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