Lincoln Property Co. has reaped $9 million from the sale of a three-story, 75,049-square-foot office building in Parsippany, brokers with CBRE announced Monday.
Sitex Group has acquired a 172,000-square-foot warehouse in Lyndhurst, in the largest of three newly announced additions by the real estate investment firm.
Bridge Development Partners has lured a second tenant to its new logistics park in Warren County, inking a nearly 420,000-square-foot lease with a well-known beverage company.
A fitness chain has leased more than 25,000 square feet at a Mercer County retail center, in the largest of several newly announced deals by R.J. Brunelli & Co. LLC.
The coronavirus pandemic has done more than present a major health crisis to the American people — it poses a major threat to commercial real estate and the economy at large.
Industrial developers and companies seeking logistics space are unlikely to face lasting damage from the coronavirus pandemic, experts say, but the market is still poised for major changes amid disruptions to supply chains and consumer spending habits.
