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Metuchen industrial building trades for $6.4 million, BRC says

Metuchen industrial building trades for $6.4 million, BRC says

by Joshua Burd | Dec 10, 2020

230 Liberty St. in Metuchen — Courtesy: Bussel Realty Corp. By Joshua Burd A technology firm for logistics users has acquired a nearly 42,000-square-foot industrial building in Middlesex County, under a newly announced transaction by Bussel Realty Corp. The buyer,...
Urgent care chain seeking locations for new mobile testing centers, R.J. Brunelli says

Urgent care chain seeking locations for new mobile testing centers, R.J. Brunelli says

by Joshua Burd | Dec 10, 2020

By Joshua Burd An affiliate of a Red Bank-based urgent care chain has selected R.J. Brunelli & Co. to help it find new locations for its mobile testing centers. The brokerage firm said the business, Mobile Health Solutions, is seeking parking lots in shopping...
Russo eyes spring delivery at 296-unit rental project in Garwood

Russo eyes spring delivery at 296-unit rental project in Garwood

by Joshua Burd | Dec 9, 2020

A rendering of Vermella at Garwood Station, a planned 296-unit apartment community in Garwood — Courtesy: Russo Development By Joshua Burd Russo Development is nearing completion of a project that will bring close to 300 new apartments to a site that is just steps...
Murphy unveils $190 million renovation plan for Newark Penn Station

Murphy unveils $190 million renovation plan for Newark Penn Station

by Joshua Burd | Dec 9, 2020

Gov. Phil Murphy joined fellow public officials and stakeholders on Tuesday to announce a $190 million renovation and restoration of Newark Penn Station — Courtesy: Governor’s Office By Joshua Burd State officials have unveiled plans for a $190 million overhaul of...
Investment group adds 73,000 sq. ft. office building in Mount Olive, JLL says

Investment group adds 73,000 sq. ft. office building in Mount Olive, JLL says

by Joshua Burd | Dec 9, 2020

500 International Drive in Mount Olive — Courtesy: JLL By Joshua Burd An investment firm has expanded its New Jersey holdings with the acquisition of a 73,000-square-foot office building in Mount Olive, according to brokers with JLL. Representing the private seller,...
CBRE: Online returns to reach record levels, put additional pressure on industrial space

CBRE: Online returns to reach record levels, put additional pressure on industrial space

by Joshua Burd | Dec 9, 2020

By Joshua Burd With e-commerce sales and returns expected to hit record levels this holiday season, demand for industrial space is only slated to grow amid the need for reverse logistics space. That’s according to a new report by CBRE, which projects that online...
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