CVS has leased more than 427,000 square feet of new industrial space in Jersey City, becoming the latest tenant to commit to an 86-acre campus just north of Route 1&9.
A buyer has paid more than $3.2 million for a net-leased CVS property in Virginia, under a transaction arranged by Marcus & Millichap’s New Jersey office.
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.
CVS Pharmacy has acquired a vacant warehouse in downtown Little Ferry, with plans to raze the building and develop a nearly 16,000-square-foot store in its place.
Russo Development has started construction on its second apartment community in Kearny, adding to its growing pipeline of residential development in northern New Jersey.