Investors Bank is providing a $70 million loan to Somerset Development for its landmark Bell Works project in Holmdel, under a financing deal negotiated by Meridian Capital Group.
Atlantic County officials have hired Colliers International Group to market the first piece of the new Stockton Aviation Research and Technology Park, the firm announced.
A joint venture has sold a 306,000-square-foot office building in Somerset County for nearly $100 million, following a sweeping renovation that modernized the 40-year-old property and attracted a global pharmaceutical company as a headquarters tenant.
There is no doubting the appeal of a site that is less than a block from a train station and in the heart of downtown Westfield, one of New Jersey’s most acclaimed shopping districts. But if you ask executives with The Hampshire Cos., a good location isn’t a guarantee of success.
Atlantic Health System has tapped brokers with NAI James E. Hanson to market a medical office building on the campus of Hackettstown Medical Center, the real estate services firm announced.
Developers have taken the wraps off a new 286-unit rental community inspired by Harrison’s industrial past, the latest apartment building to come to the town’s waterfront redevelopment zone.
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.
