A pharmaceutical ingredients firm has leased nearly 28,000 square feet in Montville that will serve as both a new corporate office and distribution facility, brokers with CBRE said.
Faropoint has acquired a 119,000-square-foot light industrial building in Gloucester County for more than $13 million, brokers with CBRE announced Wednesday.
Mondelēz International Inc. has opened a new $50 million research and development facility in Morris County, where it will look to enhance production, processing and packaging for popular snacks such as Oreos and Ritz crackers.
Third-party logistics firms are leading the way among tenants seeking big-box industrial space, accounting for more leasing activity than any other occupier type in New Jersey and nationally.
Demand for industrial space remains healthy in New Jersey, even as owners and occupiers take a more cautious approach that could impact new construction in the months ahead.
Prologis Inc. has brought a new tenant to a Secaucus industrial building, securing a 115,000-square-foot lease with a third-party warehousing and logistics firm.
A plastic surgery practice is slated to open a new facility in East Hanover after its recent purchase of an 11,000-square-foot retail building in the township.
Veris Residential Inc. has completed its high-profile, $420 million sale of Harborside buildings 1, 2 and 3 in Jersey City, the real estate investment trust said Wednesday.
