Events
United Way honors Fiserv, Samsung deals, while highlighting CREW NJ’s own philanthropy

United Way of Northern New Jersey awarded its 2023 Industrial Impact Award to Samsung at Linden Logistics Center. From left: United Way of Northern New Jersey CEO Kiran Handa Gaudioso, Greek Development Managing Partner David Greek, Greek Development Director of…

Industrial
Devli completes four-acre assemblage in Meadowlands after three industrial deals

Devli Real Estate has completed its acquisition of three neighboring industrial properties in Carlstadt, assembling four acres in the Meadowlands as it continues to build its portfolio.

Office
Denholtz, UBS ink 21,000 sq. ft. lease for new-look office building in Red Bank

Denholtz Properties has secured a tenant for a soon-to-be-renovated office building in downtown Red Bank, leasing nearly 21,000 square feet to UBS Financial Services Inc.

Industrial
Prologis buys 25,000 sq. ft. Lodi industrial building for $5.5 million, CBRE says

Prologis Inc. has acquired a nearly 25,000-square-foot industrial building in Lodi for $5.5 million, brokers with CBRE announced Thursday.

Residential & Mixed Use
Partnerships, collaboration in focus as NAIOP gala honors CRE leaders and deals of the year

Commercial real estate leaders turned out Thursday for NAIOP New Jersey’s annual gala, where the chapter honored five key figures and unveiled its coveted Deal of the Year winners.

Office
Pharma firm takes 28,000 sq. ft. in Montville for office, distribution center, CBRE says

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.

Industrial
CBRE: Faropoint buys 119,000 sq. ft. light industrial building in Swedesboro for $13 million

Faropoint has acquired a 119,000-square-foot light industrial building in Gloucester County for more than $13 million, brokers with CBRE announced Wednesday.

Top News
Mondelēz unveils new $50 million R&D center at 150,000 sq. ft. Whippany building

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.

Industrial
Logistics firms move past retailers, wholesalers as top driver of big-box industrial leasing

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.

Retail
CBRE: Teaneck retail center trades for first time in 65 years, fetching $6.25 million

A real estate firm has sold a grocery-anchored shopping center in Teaneck for $6.25 million, marking the first trade of the property in 65 years.