Even in the extraordinarily tight industrial market in northern New Jersey, a century-old nonprofit with a good brand and a long-term lease plan can still acquire new warehouse space. Of course, it doesn’t hurt when the nonprofit sees e-commerce as a vital part of its future.
Giving yields the greatest ROI
Times are good now for the commercial and industrial real estate industry, and those professionals that comprise NAIOP are an integral component in successful economic development projects. These same industry professionals also are doing great things for our fellow New Jerseyans.
Onyx, DRA tap NKF as leasing agent at 500,000 sq. ft. office campus in Paramus
Onyx Equities and DRA Advisors have picked Newmark Knight Frank as their leasing agent for a newly repositioned, two-building office campus in Paramus.
Mack-Cali agrees to sell Parsippany, Madison portfolio for $289 million
Mack-Cali Realty Corp. has agreed to sell 2.4 million square feet of office space in Parsippany and Madison to a joint venture led by Onyx Equities LLC, in a $288.5 million deal that sets up a plan to shed its entire suburban office portfolio.
Matrix inks new industrial leases with Modell’s, Walmart for nearly 500,000 sq. ft.
Matrix Development Group has signed new leases at industrial projects in Burlington and Salem counties, where two of retail’s biggest names will take a combined 489,000 square feet.
Columbia, BNY subsidiary ink 400,000 sq. ft. renewal in Jersey City
The Bank of New York Mellon is staying in place on the Jersey City waterfront, where it has signed a roughly 400,000-square-foot renewal with Columbia Property Trust Inc.
Crow Holdings, LG Electronics ink 925,000 sq. ft. lease at Franklin industrial project
Crow Holdings Industrial has inked a 925,000-square-foot lease in Franklin Township with LG Electronics USA, landing a high-profile tenant at its first New Jersey warehouse project.
Woodmont debuts 230-unit project in Roxbury, its latest luxury rental development
Woodmont Properties has opened the doors to an upscale, 230-unit apartment community in the Morris County township of Roxbury.
CBRE: Pricing gap for investors narrows between cold storage, traditional warehouses
Investors increasingly are warming up to the cold storage warehousing sector in New Jersey and other major markets — despite ongoing challenges in the asset class — pushing cap rates for Class A facilities closer to those of traditional high-quality warehouses.
Jersey City rental tower by Ironstate, KRE hits 80 percent leased milestone
Renters have leased more than 440 units in six months at a recently opened luxury apartment building in Jersey City, say co-developers Ironstate Development Co. and KRE Group.
