Eastman Cos. has hired CBRE as its leasing agent at a 380,065-square-foot office building in Livingston, the real estate services firm announced Monday.
In New Jersey’s booming industrial market — where rent growth is unprecedented and speculative development is rewarded — owners and investors still face a major challenge when it comes to deploying capital and keeping their pipelines filled.
Eastman Cos. recorded more than 110,000 square feet in office and retail leases during the second half of 2016, driven in part by upgrades at its properties around the state.
The owner of a 385,000-square-foot office complex in Livingston has a new partner at the property after a recapitalization arranged by Cushman & Wakefield, the brokerage said.
