A real estate investment trust has acquired a grocery-anchored, 42,000-square-foot retail property in Paramus, in an $8.4 million transaction arranged by CBRE.
A manufacturer of LED lighting has leased 17,000 square feet of industrial space in East Rutherford, under a newly announced transaction by Chilmark Real Estate Services.
One Wall Partners, a Newark-based owner of transit-oriented workforce housing, has expanded its portfolio with the acquisition of nearly 1,000 apartments in eastern Pennsylvania.
Colony Capital Inc. has closed on its acquisition of a newly built, 271,176-square-foot distribution center in Mahwah, completing an 11-building portfolio sale that began last spring.
Liberty Property Trust has expanded its industrial holdings in New Jersey, acquiring properties in the Meadowlands and Edison for a combined $51.8 million.
NAIOP New Jersey has announced the finalists for its coveted Deal of the Year awards, highlighting six of the state’s most impactful projects and transactions of 2018.
Major tenants and occupiers are now taking a closer look at agile real estate offering nimble, dynamic layouts in which employees can float from one type of a work area to another or move seamlessly between office locations. That means developers and landlords should be following suit if they plan on staying competitive in a quickly changing office sector.
The Society of Industrial and Office Realtors’ New Jersey chapter presented its annual largest deal awards last week, showcasing some of the industry’s top transactions of 2018.
As corporate occupiers transform their work environments to maximize efficiency and attract and retain talent, traditional office space has evolved. This demand is the catalyst for architects and designers to re-evaluate the function of the office, resulting in significant changes in work space.