A developer has sold an 8,500-square-foot retail property in Elizabeth for more than $2 million, according to brokers with Marcus & Millichap who orchestrated the deal.
As one of the nation’s top 10 markets for cold storage space, New Jersey is poised to benefit from what experts say will be the continued growth of online grocery sales.
The state has approved a 10-year, $2.75 million tax credit to encourage a Brooklyn-based foot care company to move a major part of its operation to Elizabeth.
Elberon Development Group has bolstered its portfolio in one of the state’s strongest industrial submarkets, while moving its headquarters back to where the company began a century ago.
A real estate firm is planning major upgrades at an industrial building beneath the Goethals Bridge, following its acquisition of the 318,000-square-foot property in Elizabeth.
Elberon Development Group has expanded its footprint in Elizabeth, completing the $9 million acquisition of a soon-to-upgraded, 115,000-square-foot warehouse in the city.
A new 25,000-square-foot supermarket has opened its doors in what had been a food desert in a dense section of Elizabeth, anchoring a $17 million redevelopment project that relied on a medley of private and public funding sources.
