A 38,500-square-foot industrial building in Bergen County has changed hands, following a sale arranged by Equity Real Estate Brokerage LLC.
For Zimmel Associates, continuity goes hand in hand with a business that he founded with his late father, Bernard Zimmel, and one that now includes a third generation. Not one, but three of Zimmel’s four sons work at Zimmel Associates today, positioning it for continued success in the years ahead.
G.S. Wilcox & Co. has completed $6 million in financing for a five-building industrial portfolio in Orange, working on behalf of a private equity firm that owns the properties.
A joint venture has leased 204,000 square feet in Clifton to a well-known bakery business, in the completion of its effort to redevelop a 50-year-old manufacturing plant into new industrial space.
The Center for Real Estate at the Rutgers Business School has unveiled its 2017 advisory board and council of emerging leaders, adding to a roster that has come to include dozens of industry heavyweights and top professionals in New Jersey.
From an equity markets perspective, demand for industrial product continues to be strong with institutions and private funds that are underweight in northeast industrial properties. The reason we are not seeing more activity is because there has been — and continues to be — a lack of quality offerings in the most sought after markets from the Meadowlands down along the Interstate 95/Turnpike Corridor to Exits 8A/7A.
A vacant 67,000-square-foot flex building in Somerset County has traded for $6.25 million, in a deal brokered by Marcus & Millichap’s New Jersey office.
An event production company has committed to more than 14,000 square feet at a distribution center now under construction in Secaucus, The Blau & Berg Co. said Thursday.