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.
A joint venture has sold a newly built, 452,000-square-foot industrial building in Piscataway, in a deal arranged by brokers with Cushman & Wakefield.
Levin Management Corp. has taken over leasing and management for a Kearny shopping center, following the recent sale of the nearly 140,000-square-foot complex.
The developer of a two-year-old, 139,900-square-foot retail center in Hudson County has sold the property to a fund managed by Bentall Kennedy, brokers with Cushman & Wakefield said.
A large medical office building near Princeton has changed hands as part of a seven-state, 1.4 million-square-foot portfolio sale announced Tuesday by JLL.
At least for 2017, industrial became the new darling of institutional investors. Here are the top 10 industrial sales in New Jersey of 2017, according to Real Capital Analytics.