The owner of a transportation company has paid $850,000 for a 14,000-square-foot industrial building in Middlesex County, according to a broker with Bussel Realty Corp.
By many accounts, rent growth in New Jersey’s industrial sector continues to be unprecedented. Research from multiple real estate service firms shows that average rental rates across the market hit several milestones this summer.
A well-known furniture brand is set to open later this month at a new shopping center in Union, the first of two national tenants that will anchor the 110,000-square-foot project on Route 22.
Three properties in different Hudson County communities have changed hands for a combined $5.5 million, according to brokers with CBRE Group who marketed the buildings.
A flavor and fragrance creator is the latest tenant to commit to the newly imagined Bell Labs complex in Holmdel, where it has leased 60,000 square feet for a new creative hub.
Saddleback Real Estate Developers has leased nearly 70,000 square feet in Fairfield to a well-known distributor of medical supplies, the industrial owner said Tuesday.
Hartz Mountain Industries has leased more than 200,000 square feet in Secaucus to an audiovisual and media services company, one of three recent deals announced by CBRE Group.
Mack-Cali Realty Corp. has sold an eight-building office portfolio in Cranford and Clark, in an $87 million sale brokered by CBRE Group.
An East Brunswick office tower has reached 90 percent occupancy for the first time in more than a decade, following two new leases and two renewals totaling 56,500 square feet.