NAIOP New Jersey will honor its volunteer leaders and other key contributors next month as the commercial real estate group hosts its annual President’s Awards and Hall of Fame Reception.
Demand for data center space in New Jersey is surging on the back of Big Tech and the artificial intelligence arms race. And while a lack of electrical capacity may keep a lid on new supply, the owners of existing facilities are now racing to expand their footprints.
Landlords are expanding their participation in New Jersey’s nation-leading Community Solar Energy Program, which allows property owners to lease their rooftops to solar developers, as the state transitions from a pilot phase to a permanent model.
Greek Real Estate Partners and Advance Realty Investors have leased another 117,000 square feet at their new seven-building, 3.2 million-square-foot industrial park in Logan Township.
Smaller leases are fueling demand in the region’s industrial real estate market, as evidenced by a flurry of recent activity by brokers with Greek Real Estate Partners.
Commercial real estate leaders descended on East Rutherford on Monday night for NAIOP New Jersey’s annual President’s Awards and Hall of Fame Dinner, where the chapter honored a group of well-known executives and service providers for their contributions to the industry.
A fast-growing cabinet maker has leased nearly 200,000 square feet at Linden Logistics Center, the new 4.1 million-square-foot industrial park in Linden developed by Advance Realty Investors, Greek Real Estate Partners and PGIM Real Estate.
Greek Real Estate Partners has secured a $44 million construction loan for what will be nearly 290,000 square feet of new industrial space in Philadelphia, its first project in the submarket.
Greek Development is now Greek Real Estate Partners, as the firm looks to highlight its growing selection of third-party services beyond its own portfolio of industrial buildings.
