A real estate investor has secured the approvals to build an LA Fitness in Newark, marking a major step forward for its redevelopment of a former Pathmark site.
A growing pipeline of young life sciences firms has offered a second chance for New Jersey’s stock of legacy laboratory space. In the process, the ventures have served as anchors for developers seeking to repopulate large, vacant pharmaceutical campuses with turnkey laboratories.
Leasing volume in New Jersey’s office market has trended downward since last year, but observers are finding reasons to be optimistic heading into the spring.
A joint venture has sold a two-building, 230,000-square-foot office campus in Morristown for $35 million, in a transaction arranged by brokers with CBRE.
An investment firm has sold a Bridgewater office campus for $46 million, nearly double the amount it paid for the property in 2015 before launching a series of upgrades.
A veteran broker with CBRE was the firm’s top industrial producer in the Americas in 2017, with a series of deals headlined by high-profile transactions in Edison and Perth Amboy.
