A joint venture has reaped more than $150 million from the sale of a high-profile life sciences campus in Bridgewater, under a recent transaction by Newmark Knight Frank.
Demand for cold storage warehouse space nationwide, and particularly in the Garden State, is on fire, largely because of rising online fresh grocery sales and changing consumer preferences for fresher foods. Meeting that demand could prove challenging — given the cost and complexity of such projects and the need for specialization — but some developers are positioning themselves to be ready when users come calling.
Advance Realty Investors has obtained a $72.5 million construction loan that will pave the way for it to transform an aging mall in western Morris County, Cushman & Wakefield announced.
A joint venture has sold more than 500,000 square feet of light industrial space in Morris County, closing the deal less than two years after acquiring the four-building portfolio.
A joint venture has leased 50 percent of the apartments at its recently delivered, 280-unit luxury residential building along the Harrison waterfront.
A joint venture has kicked off what it says will be the largest active industrial project near the Port of New York and New Jersey, breaking ground on a 4.1 million-square-foot logistics park at a long-vacant site in Linden.
Advance Realty Investors has hired longtime industry executive Tom Walsh, who will help oversee development and construction for its fast-growing portfolio and for third parties.
A joint venture has closed on a nearly $36 million loan to refinance a fully leased, 182,154-square-foot cold storage facility in Woodbridge, following a transaction arranged by HFF.