Investors are clamoring for industrial property in and around New Jersey, as evidenced by a slew of recent deals completed by a Cushman & Wakefield team focused on the asset class.
Hillwood has started construction on what will be nearly 221,000 square feet of new industrial space in Hamilton, adding to the Dallas-based firm’s development pipeline in New Jersey.
Veris Residential Inc. has sold a Jersey City development site to Panepinto Properties for $75 million, in a deal arranged by Cushman & Wakefield, marking a key step in a plan to develop two high-rises with a combined 1,257 apartments and new amenities for the area.
A cybersecurity firm is coming to SJP Properties’ Waterfront Corporate Center in Hoboken, having leased more than 12,000 square feet in a deal arranged by Cushman & Wakefield.
A joint venture has scored a $19.6 million construction loan for a more than 128,000-square-foot industrial project in Parsippany, brokers with Cushman & Wakefield said Thursday.
Longpoint has sold a more than 97,000-square-foot industrial portfolio in Clifton to The Silverman Group, brokers with Cushman & Wakefield announced Monday.
Alexander Properties has sold a nearly 124,000-square-foot industrial portfolio in northern New Jersey to Faropoint, the fast-growing real estate investment manager based in Hoboken.
Rugby Realty is reaping the benefits of a plan to modernize Newark’s 3 Gateway office tower, where it has inked some 90,000 square feet in recent leasing volume.
A private occupier has purchased a nearly 16,000-square-foot office building in downtown Denville, brokers with Cushman & Wakefield announced Thursday.
