Mack-Cali Realty Corp. has agreed to sell a nearly 570,000-square-foot office building in Hoboken for more than $240 million, the real estate investment trust said this week.
A team of Morristown-based brokers with JLL has completed the sale of a nearly 112,000-square-foot light industrial building just outside Hartford, Connecticut.
The coronavirus pandemic has done more than present a major health crisis to the American people — it poses a major threat to commercial real estate and the economy at large.
Industrial developers and companies seeking logistics space are unlikely to face lasting damage from the coronavirus pandemic, experts say, but the market is still poised for major changes amid disruptions to supply chains and consumer spending habits.
The buyer of a two-building, 550,000-square-foot office complex in Parsippany has secured nearly $60 million in financing, under a newly announced transaction by JLL.
The new owner of the former Toys R Us headquarters in Wayne has tapped JLL to market the property, seeking a mixed-use, multitenant approach as it repositions the campus.
Industrial leasing stayed strong in New Jersey ahead of the COVID-19 outbreak, as experts now wait to determine the long-term impact of the pandemic on the state’s surging market for warehouse and distribution space.
An investment fund has acquired a fully leased, 183,000-square-foot industrial property in West Deptford for $20.2 million, in a transaction arranged by JLL.
A global communications firm has leased more than 65,000 square feet at a three-building commercial campus in Warren, in a newly announced transaction by Newmark Knight Frank.
