Technology
A new wave of data center demand is coming to New Jersey, but supply may be tighter than ever

Demand for data center space in New Jersey is surging on the back of Big Tech and the artificial intelligence arms race. And while a lack of electrical capacity may keep a lid on new supply, the owners of existing facilities are now racing to expand their footprints.

Technology
Data center vacancy for tristate region hits all-time low, CBRE report finds

Soaring demand for data center space has pushed vacancy in the region to an all-time low in recent months, thanks in part to the growth of firms tied to artificial intelligence.

Finance & Capital Markets
Cronheim: Owner of East Windsor, Garwood shopping centers lands $17.5 million in financing

The owner of two shopping centers in Mercer and Union counties has secured $17.5 million in financing for the grocery-anchored properties, brokers with Cronheim Mortgage announced.

Industrial
Profeta lands approvals for 1.1 million sq. ft. industrial project at New Jersey Turnpike Exit 8

PVP Exit 8 LLC, an affiliate of Paul V. Profeta & Associates Inc., has secured approvals to build 1.1 million square feet of new industrial space adjacent to the New Jersey Turnpike in East Windsor, capitalizing on a site that is a 45-second drive from the highway’s northbound lanes.

Health Care & Education
Specialty medical practice leases 3,800 sq. ft. in East Windsor, NAI Hanson says

A medical practice is relocating in central New Jersey after leasing nearly 3,800 square feet in East Windsor, in a newly announced deal by NAI James E. Hanson.

Health Care & Education
Fennelly: East Windsor medical office building trades for $3 million

A private investor has purchased a single-tenant, 10,000-square-foot medical office building in East Windsor, brokers with Fennelly Associates announced Wednesday.

Health Care & Education
Dermatologist taps Fennelly Associates to sell East Windsor medical office building

The owner of a fully occupied, 10,000-square-foot medical office building in East Windsor has hired Fennelly Associates to sell the property.

Industrial
Peak Construction names new chief operations officer

Peak Construction Corp. has hired a longtime industry executive as its chief operations officer.

Industrial
Peak Construction moves East Coast office to East Windsor

Peak Construction Corp. has relocated its East Coast office to East Windsor, seeking to accommodate its fast-growing pipeline and operations team in the region.

Office
East Windsor medical office portfolio sold for $20 million, Colliers says

A developer has sold a two-building, 80,000-square-foot medical office portfolio in Mercer County, in a newly announced transaction by Colliers International.