JLL has continued the expansion of its retail brokerage team in New Jersey with the hiring of Eduardo Pena, an industry expert with more than 20 years of experience.
Sitex Group has acquired two industrial properties totaling 180,000 square feet in Totowa, adding to its portfolio of infill warehouses and distribution centers in North Jersey.
A new market report by JLL found that office vacancy in southern New Jersey is at an all-time low, following a first quarter that saw the region outperform greater Philadelphia as a whole.
Big box leases continued to drive New Jersey’s industrial market to start the year, keeping a lid on vacancy as speculative construction carries on throughout the region.
Hartz Mountain Industries has leased more than 200,000 square feet in Secaucus to an audiovisual and media services company, one of three recent deals announced by CBRE Group.
New Brunswick Development Corp. expects to begin site construction next month at a planned 1.7 million-square-foot redevelopment project in the heart of the Middlesex County seat.
The commercial space at a sprawling redevelopment site in Bridgewater is now 80 percent leased, following two new deals and growth by existing tenants in the life sciences sector.
Several of New Jersey’s largest, most prominent life sciences complexes are now on the path toward redevelopment, with new anchor tenants in place or new owners that can reclaim the value of what was left behind.
In the most high-profile cases, a team at JLL has been right in the thick of it.
J.G. Petrucci Co. Inc. is set to develop a speculative 187,500-square-foot industrial facility in Somerset County after recently acquiring an 18-acre site, the firm said Monday.
