Industrial space continues to be a winning bet for New Jersey developers, as tenants preleased some 3.5 million square feet of speculative buildings that were delivered in the second quarter.
The state’s office market saw modest gains during the second quarter, even as landlords continue to grapple with high vacancy and new blocks of space coming available in suburban locations.
A developer is hoping to build support for a plan that would bring a new high-end retail center to Middletown, one that it says will be a modern alternative to the aging, cookie-cutter strip malls and big-box stores that line the Route 35 shopping corridor.
A joint venture has sold a 228-acre former brownfield site in Piscataway for $57 million, following a three-year effort to secure approvals that would allow the parcel to be redeveloped as a 2.4 million-square-foot industrial park.
A joint venture has broken ground on a mixed-use project that will bring 424 new luxury apartments, a recreation center and a two-acre park to a swath of western Hoboken.
Construction is underway at a new 150,000-square-foot retail center that is slated to bring a long-awaited new Whole Foods Market to Parsippany, the developers said Wednesday.
A private investor has paid more than $2.3 million to acquire a leasehold interest in an 83,160-square-foot office building in Saddle Brook, Marcus & Millichap said Wednesday.
A real estate firm has acquired an 11,500-square-foot office building in Maplewood that it now plans to repurpose as a headquarters medical facility, according to brokers involved in the deal.
Construction is underway at the site of a planned 214-unit apartment complex in downtown Dover, where a developer is seeking to capitalize on a busy downtown and nearby mass transit.
Developers have kicked off construction at what they say is the state’s first micro apartment building in New Jersey, while marking the latest project to move ahead in Jersey City.
