Industrial rents in northern and central New Jersey continued to soar in the third quarter, amid ongoing demand for relatively few spaces and locations near the New Jersey Turnpike, fueling deals such as Samsung’s lease for more than 735,000 square feet in Linden.
An acclaimed life sciences campus in Bridgewater with some 800,000 square feet of research, manufacturing and office space is on the market — with the potential to sell for $500 million.
A development team has preleased the latest phase of a 3.2 million-square-foot industrial park in Logan Township, where two logistics firms will occupy a combined 491,000 square feet.
Scotch Plains is seeking a developer after recently adopting a long-awaited redevelopment plan for its downtown, aiming to create a vibrant hub with a mix of retail, restaurants, housing, a consolidated library and town hall, public plazas and parking.
Advance Realty Investors has refinanced a recently developed, 280-unit luxury apartment building in Harrison for $72 million, in a deal sourced by Cushman & Wakefield.
Advance Realty Investors and Greek Development have secured $235 million in permanent financing for the first phase of a massive logistics campus under construction in Linden.
Advance Realty Investors has signed five new leases at a Paramus retail center, bringing it to full occupancy after a recent redevelopment of the Route 17 property.
Advance Realty Investors has broken ground on nearly 400 new apartments in Harrison, in what will be the latest addition to a 35-acre stretch of the town’s waterfront redevelopment zone.
Peloton Interactive has leased 840,000 square feet at a new logistics park in Linden, leading the way among tenants as the state’s industrial market continued to thrive in the third quarter.