Industrial
RRNNJ: FedEx signs 125,000 sq. ft. renewal at CenterPoint facility in Orange County
FedEx Corp. has renewed its lease for a key facility in New York’s Hudson Valley, where it occupies 125,000 square feet under a deal with CenterPoint Properties.
Konkus Corp., logistics firm ink 2,500 sq. ft. lease in Hillsborough, Deluccia says
A transportation and freight services firm has taken 2,500 square feet at a renovated industrial property in Hillsborough, in a deal arranged by Deluccia Commercial Group.
For NAIOP New Jersey, return of food bank volunteer day highlights fresh focus on community action
NAIOP New Jersey’s day of service this summer came amid its renewed focus on community action, one of six goals outlined in a four-year strategic plan unveiled earlier this year.
Mapletree starts construction on 420,000 sq. ft. Poconos industrial development
Mapletree Investments has broken ground on a project that will bring more than 420,000 square feet of new logistics space to Pennsylvania’s Poconos region, adding to its footprint in the area.
From boardrooms to bedrooms (and big boxes): Inside New Jersey’s office conversion boom
Empty office buildings and half-vacant corporate campuses have become a familiar sight in New Jersey. In the wake of the pandemic, and the rise of remote and hybrid work, companies are using less space and leaving behind millions of square feet of surplus offices. At the same time, there’s a pressing need for housing and modern industrial facilities. It’s no surprise then that developers in the Garden State are increasingly turning these underused offices into multifamily residences and warehouses. This white paper explores the scale and characteristics of New Jersey’s office conversion boom focusing on the transformation of offices into residential and industrial uses as well as the impact it will have on developers, investors and occupiers.
