An investment firm has purchased a 70,000-square-foot industrial property outside Philadelphia for nearly $2.9 million, in a newly announced deal by CBRE.
Demand for data center space in New Jersey is surging on the back of Big Tech and the artificial intelligence arms race. And while a lack of electrical capacity may keep a lid on new supply, the owners of existing facilities are now racing to expand their footprints.
A health care technology firm has signed a 26,000-square-foot sublease at a Plainsboro office campus, in one of five newly announced deals by Cushman & Wakefield.
A hardware distributor has inked a lease renewal at a nearly 49,000-square-foot industrial building in Lincoln Park, according to a brokerage team with CBRE.
Lincoln Equities Group has broken ground on a project that will bring more than 200,000 square feet of high-end warehouse space to Belleville, adding new supply to a growing submarket while revitalizing a blighted and long-contaminated site along Route 21.
United Way of Northern New Jersey marked a milestone last week with its 25th annual Legacy Event, drawing some 400 attendees and raising $335,000 as the state’s commercial real estate sector continued its outsized, longstanding support of the organization.
A grocery wholesaler is expanding in Lodi with its acquisition of a nearly 170,000-square-foot industrial building that it already occupies, brokers with CBRE announced Tuesday.
Transwestern Development Co. has completed its sale of a new 311,000-square-foot industrial facility in Branchburg that it built on behalf of a medical supply company.
A homebuilder has landed a $29 million bridge loan for a 144-unit multifamily property in suburban Camden County, according to a debt placement team with CBRE.
