An investment firm has closed on its $372 million acquisition of a 22-story office tower in Jersey City, adding a high-profile waterfront property to its growing New Jersey portfolio.
Even in the extraordinarily tight industrial market in northern New Jersey, a century-old nonprofit with a good brand and a long-term lease plan can still acquire new warehouse space. Of course, it doesn’t hurt when the nonprofit sees e-commerce as a vital part of its future.
Crow Holdings Industrial has inked a 925,000-square-foot lease in Franklin Township with LG Electronics USA, landing a high-profile tenant at its first New Jersey warehouse project.
A building materials company has extended its 50,000-square-foot lease in Elizabeth, in the largest of five newly completed transactions by Elberon Development Group.
The owner of a 41,000-square-foot industrial building in South Plainfield is seeking a buyer for the property, brokers with Cushman & Wakefield announced, touting its value-add potential in a burgeoning submarket along Interstate 287.
A real estate investment firm has added to its New Jersey portfolio, acquiring a 333,000-square-foot office building in Parsippany from Mack-Cali Realty Corp.
A regional Goodwill organization has signed a full-building, 125,500-square-foot lease at a South Hackensack industrial property, where it now plans to open a new outlet location.
