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A food company has taken more than 100,000 square feet in Fair Lawn for a new packaging and distribution facility, brokers with Avison Young said Monday.
The struggle continues for investors looking to buy industrial properties in New Jersey, where prices remain high but sales volume remains low compared to other major markets.
Amboy Bank has closed on a $33 million construction loan for the developer of an 18-story luxury residential building in East Orange, the latest partnership between the two entities.
New Jersey remains one of the nation’s most underserved markets for cold storage space, despite its potential to share in the expanding market for fresh food and online grocery delivery.
The owner of a 119,000-square-foot office building in Cedar Knolls has tapped Avison Young as its leasing agent, with plans to complete a series of upgrades in the coming months.
A national health care distributor is moving operations to Edison as part of a newly announced, 208,391-square-foot lease arranged by Avison Young.
A security inspection systems firm has sold its headquarters in Fairfield and relocated to nearly 22,000 square feet in nearby Pine Brook, brokers with Avison Young announced recently.
Avison Young has added to its New Jersey brokerage team with the hiring of a new associate.
The Hampshire Cos. has debuted the latest piece of its ever-growing self-storage pipeline — unveiling a 104,260-square-foot facility in Millburn alongside Circle Squared Alternative Investments and other members of the project team.