A joint venture has sold a well-known office complex in Hackensack for $123 million, in the largest of four year-end investment sales in New Jersey by CBRE’s institutional properties team.
Modell’s Sporting Goods is relocating to a new logistics and distribution hub in Bordentown after an “exhaustive search” that spanned three states, according to brokers with CBRE.
Dollar Tree has leased nearly 10,500 square feet in Ocean County at what will be one of its newest locations in New Jersey, brokers with R.J. Brunelli & Co. LLC announced.
Investors increasingly are warming up to the cold storage warehousing sector in New Jersey and other major markets — despite ongoing challenges in the asset class — pushing cap rates for Class A facilities closer to those of traditional high-quality warehouses.
The owner of a newly renovated, 250,000-square-foot office building in Woodcliff Lake has appointed CBRE as its leasing agent, the real estate services firm announced Monday.
This year’s shortened holiday shopping season has placed added pressure on retailers and their shipping partners, prompting new in-store solutions for delivery and returns and the need to hire additional seasonal workers for distribution and fulfillment.
CenterPoint Properties has acquired a three-year-old, 315,389-square-foot industrial building in Jersey City, the latest addition to its fast-growing New Jersey portfolio.
At-home fitness company Peloton Interactive has opened a new warehouse and fulfillment center in Carteret, where it has leased 156,000 square feet as part of a deal arranged by CBRE.
Net-lease investment is on the rise in the U.S., with northern New Jersey remaining a key target for buyers of industrial property and other commercial asset classes.
