HVAC supplier inks 50,000 sq. ft. Meadowlands industrial lease

A family-owned HVAC supply company has taken more than 50,000 square feet of industrial space in East Rutherford, according to a brokerage team with CBRE.

Peloton leads Q3 industrial deals with 840,000 sq. ft. lease in Linden, CBRE says

Peloton Interactive has leased 840,000 square feet at a new logistics park in Linden, leading the way among tenants as the state’s industrial market continued to thrive in the third quarter.

Advance, Greek sell 1.1 million sq. ft. Target facility in Logan, in $265 million deal

A joint venture has sold a newly built, 1.1 million-square-foot Target facility and a nearby parcel in Logan Township for $265 million, in a transaction arranged by CBRE.

CBRE: Pipeline for office conversions on the rise in New Jersey, exceeding 8.6 million sq. ft.

Developers are on track to remove nearly 9 million square feet of obsolete office space in New Jersey, as they repurpose the sites with in-demand uses such as industrial and apartments.

Joint venture buys fully leased, 66,000 sq. ft. Jersey City warehouse for $21.7 million

A joint venture has acquired a nearly 66,000-square-foot warehouse in Jersey City for $21.7 million, expanding its portfolio in a key northern New Jersey submarket.

CBRE: Boutique rental property in Ridgewood sells for $14.3 million

A private real estate family has acquired a three-building, 31-unit apartment complex in Ridgewood for more than $14 million, in a transaction arranged by CBRE.

CBRE: Energy firm acquires 50-acre South Amboy site, eyes offshore wind facility

An energy company has acquired a former power plant site in South Amboy, where it now hopes to build an offshore wind facility that could power more than a million homes.

Developers plan 426,000 sq. ft. industrial campus after buying Somerset office property

A joint venture has acquired an office building and adjacent land in Franklin Township, with plans to redevelop the site as a two-building, 426,000-square-foot industrial campus.

Biotech firm expands to 200,000 sq. ft. in Piscataway, Keystone says

A biotechnology company has expanded to nearly 200,000 square feet at a Piscataway office complex, in the largest of three recent deals announced by Keystone Property Group.

CBRE: Banks, cloud service firms fuel uptick in tristate data center demand

The data center market in and around New Jersey saw a notable rebound in the first half of 2021, thanks in large part to demand from the financial services sector.