Landlords and developers are still reaping the rewards of New Jersey’s tight industrial market, where rents continue to rise well above average asking rates.
EDA: Biopharma firm mulls purchase of 85,000 sq. ft. Somerset building
A biopharmaceutical company is weighing plans to acquire an 85,371-square-foot industrial building in Franklin, having won approval for a 10-year, $13 million tax credit package from the state Economic Development Authority.
EDA: Co-working sites in central, southern New Jersey eligible for rent grants for startups
The state Economic Development Authority has added two co-working facilities in Somerset and Gloucester counties to its list of locations that qualify for rent subsidies for startup businesses.
Zimmel inks $2.1 million sale of Somerset flex building
A maker of medical diagnostic tests has acquired a 17,000-square-foot flex building in the Somerset section of Franklin, following a transaction brokered by Zimmel Associates.
Closeout retailer opens new store in Somerset County
A discount closeout retailer has expanded its footprint in New Jersey with a recently opened, 31,000-square-foot store in Somerset County, brokers with Jeffery Realty announced.
BRC: Distributor signs 41,000 sq. ft. industrial lease in Somerset
A distributor has taken 41,000 square feet of industrial space in the Somerset section of Franklin, in a transaction arranged by Bussel Realty Corp.
Life sciences firm renews for 10,400 sq. ft. in East Rutherford, Garibaldi says
A life sciences company has renewed its nearly 10,400-square-foot lease in East Rutherford, where it has maintained its headquarters for nearly 30 years.
Silverman acquires 41,000 sq. ft. Somerset building, JLL says
The Silverman Group has acquired a 41,000-square-foot warehouse and office building in the Somerset section of Franklin, in a $3.6 million deal arranged by JLL.
Zimmel inks industrial sales in Clark, Somerset
Two Central Jersey industrial buildings have changed hands for a combined $6.7 million, in a set of transactions arranged by Zimmel Associates.
C&W: Somerset office building inks new lease, expansion
Two technology firms have signed leases at a two-building, 208,000-square-foot office complex in the Somerset section of Franklin, including a new commitment and an expansion.
