A joint venture has made three new additions to its New Jersey industrial holdings, acquiring a long-term investment property and two development sites for a combined $54 million.
Franklin Township has more than 4 million square feet of industrial space in its development pipeline — most of it in the town’s well-known Somerset section — with a growing list of projects that call for razing and repurposing the sites of outdated office buildings.
An investment manager has acquired three Moonachie industrial buildings for nearly $66 million, adding more than 190,000 square feet to its fast-growing portfolio in New Jersey.
An investment manager has acquired a nearly 126,000-square-foot industrial building in Somerset County, marking its third such purchase in the region in two months.
Developers are on track to remove nearly 9 million square feet of obsolete office space in New Jersey, as they repurpose the sites with in-demand uses such as industrial and apartments.
A joint venture has acquired an office building and adjacent land in Franklin Township, with plans to redevelop the site as a two-building, 426,000-square-foot industrial campus.
An online market for preowned fashion accessories is leasing more than 100,000 square feet of industrial space in Moonachie, under a recent transaction with EverWest Real Estate Investors.
An apparel company has leased an entire 203,488-square-foot warehouse and distribution center under construction in South Brunswick, brokers with JLL announced Monday.
