The buyer of three office buildings in Cherry Hill has completed its purchase with nearly $25 million in acquisition financing, brokers with JLL announced Tuesday.
Four tenants have combined to lease nearly 40,000 square feet at an office complex near downtown Morristown, bringing the property to nearly full occupancy.
A multifamily owner has reaped nearly $40 million from the sale of a 123-unit, garden-style apartment complex in Morris County, following a sale arranged by JLL.
Bridge Development Partners has landed a major tenant at a six-building, 3.85 million-square-foot industrial park now under construction in Warren County, inking its largest lease to date with the Japanese clothing maker Uniqlo.
The owner of a 360-unit apartment community in Roseland has secured nearly $120 million in financing, in a newly announced transaction by brokers with JLL.
Two of New Jersey’s best-known multigenerational development firms have broken ground on a long-awaited project in the heart of the Meadowlands, one that will bring more than 3 million square feet of high-end industrial space to a site that is five miles from the Lincoln Tunnel.
A roughly 400,000-square-foot shopping center about 12 miles outside Atlantic City is on the market for sale, according to brokers with JLL who are marketing the property.
Users in New Jersey’s booming industrial sector have faced a severe lack of supply in recent years, leading to unprecedented rent growth and an unabated race to find development sites. New space is on the way — and plenty of it — with millions of square feet slated to come online in the next two years. Yet market experts say demand will continue to outpace supply, given the continued upside of e-commerce and a race by traditional retailers to update their supply chains.
A private equity investor has acquired a nearly 103,000-square-foot industrial building in the Meadowlands for $15 million, under a newly announced transaction by JLL.