An investment group has landed $45 million to refinance a nearly 1.1 million-square-foot industrial building in Pennsylvania’s Poconos region, about 25 miles outside New Jersey, in a deal arranged by Cushman & Wakefield.
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.
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.
A partnership has acquired a South Plainfield industrial property that it’s now marketing to tenants, seeking to leverage the site’s low coverage and proximity to Interstate 287.
Summit Health has signed a renewal at a medical office building in Springfield, where it occupies more than 4,000 square feet under a lease with Larken Associates.
Dermody Properties has purchased a Franklin Township development site with approvals to build nearly 152,000 square feet of new industrial space, according to Cushman & Wakefield.
Rockefeller Group has kicked off its second industrial project in Piscataway, with plans to build a new 147,000-square-foot distribution center about a mile from Interstate 287.
Sitex Group has added to its New Jersey industrial portfolio in 2023, completing more than $250 million in new transactions in some of the state’s most in-demand submarkets.
