A large Brooklyn-based publishing company is expanding into New Jersey with the planned acquisition of a 256,000-square-foot building in Rahway, thanks in large part to a 10-year, $8.25 million tax credit package from the state Economic Development Authority.
Denholtz Associates has sold the 108,000-square-foot headquarters of L’Oréal’s North American R&D division in Clark, in a nearly $16 million deal arranged by Newmark Knight Frank.
State officials have offered a 10-year, $39 million tax credit package to encourage an online delivery startup to open a nearly 300,000-square-foot facility in Gloucester County.
The Urban Land Institute honored a dozen commercial real estate projects and industry leaders last week as part of an annual awards dinner hosted by its northern New Jersey chapter.
Rockefeller Group and PCCP LLC have filled a second building at their planned 2.1 million-square-foot industrial park in Piscataway, signing a 155,000-square-foot lease with a maker of ductless heating and cooling products.
G.S. Wilcox & Co. has brokered $17.6 million in financing for the owner of a nearly 341,000-square-foot industrial building in the Exit 8A submarket.
An electrical supply wholesaler has leased more than 9,000 square feet at a flex industrial building in Bergenfield, under a recent transaction announced by NIA National Realty.
Investors have stayed bullish on New Jersey’s industrial market, driving more than $900 million in sales volume during the third quarter for warehouse and logistics space in the region.
Cushman & Wakefield has added more than 2.2 million square feet to its New Jersey property management assignments, thanks to continued demand from both industrial tenants and investors.
The owners of a 114,200-square-foot flex industrial building in Bergen County have leased up the property and refinanced for $21.1 million, following a series of transactions arranged by Avison Young.