Only a third of northern and central New Jersey’s top office buildings are less than 10 years old or have been significantly improved within that span — but their owners are reaping the benefits.
A joint venture has acquired a 14-building, 296-unit apartment complex in Mount Laurel for $79 million, according to brokers involved in the deal and a related financing transaction.
The longtime owner of a 110-unit luxury apartment complex in Edgewater has put the property on the market for sale, in an offering by JLL’s New Jersey capital markets group.
Cardinale Enterprises is seeking equity partners for a three-phase, 222-acre project in Jackson where plans call for a new convention center, two hotels and hundreds of residential units alongside a host of existing retail space and athletic facilities.
Woodmont Industrial Partners and Sagard Real Estate have completed their update and expansion of a South Brunswick industrial building that now spans 210,000 square feet.
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.
A developer has sold a nearly 104,000-square-foot industrial building in New York’s Suffolk County, in a deal arranged by JLL’s Morristown-based capital markets team.
J.G. Petrucci Co. Inc. has secured joint venture equity and construction financing for a 330,000-square-foot industrial project in Pennsylvania’s Bucks County, brokers with JLL announced.
A joint venture has leased nearly 541,000 square feet of new logistics space in New York’s Dutchess County, in a deal arranged by JLL’s East Rutherford-based Northeast industrial unit.
A new Krispy Kreme is coming to Ocean County after a franchisee’s lease at a Route 70 shopping center in Lakewood, brokers with JLL announced last week.
