IDI acquires Somerset redevelopment sites, eyeing new industrial project

IDI Logistics has acquired two properties in the Somerset section of Franklin that it now plans to redevelop as a new high-end warehouse and distribution facility.

Roofing, gutter company takes 103,000 sq. ft. in Somerset, BRC says

A roofing and gutter manufacturer has leased more than 100,000 square feet of industrial space in Franklin’s Somerset section, in a newly announced deal by Bussel Realty Corp.

Adoni sells 42,000 sq. ft. Somerset retail center for $13 million, C&W says

Adoni Property Group has sold a retail center in the Somerset section of Franklin for nearly $13 million, brokers with Cushman & Wakefield announced Tuesday.

Somerset office building trades for $7.5 million, Marcus says

The longtime owner of a nearly 90,000-square-foot office building in Franklin Township has sold the property for $7.5 million, brokers with Marcus & Millichap said Monday.

Developer plans new industrial space after buying Somerset office building, CBRE says

Another aging New Jersey office property could soon become industrial space, following a developer’s purchase of a 15-acre site in Franklin Township for nearly $31 million.

BRC inks 5,000 sq. ft. industrial lease in Somerset

An industrial user has leased 5,000 square feet in the Somerset section of Franklin, brokers with Bussel Realty Corp. announced Monday.

EverWest buys Somerset industrial building for $28 million, adding to growing portfolio

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.

Turner Construction names new leader of New Jersey region

Turner Construction has named a longtime construction executive as its new leader for the New Jersey region.

CBRE: Pipeline for office conversions on the rise in New Jersey, exceeding 8.6 million sq. ft.

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.

GM Realty brokers sale of 60,000 sq. ft. warehouse in Somerset

A home fashions distributor has acquired a 60,000-square-foot industrial building in the Somerset section of Franklin, in a newly completed transaction by GM Realty Advisors Inc.