A developer has acquired 10 acres in Kearny with plans to build a new 160,000-square-foot distribution center at the site, according to brokers with CBRE.
A private seller has reaped more than $2 million from the sale of a 17-unit multifamily property in Kearny, according to brokers with Chilmark Real Estate Services.
Investors Bank has closed nearly a dozen commercial real estate loans valued at $227 million in recent months, including more than $90 million in transactions for its New Jersey clients.
Hugo Neu Corp. has unveiled a collection of about 200 private offices at its Kearny Point campus, providing an option for tenants seeking an alternative to the crowded, collaborative spaces that run counter to social distancing guidelines.
The pandemic has not stifled rent growth in New Jersey’s industrial market, as Amazon and other e-commerce users continue to drive leasing and construction activity statewide.
Amazon is adding to its already-vast footprint in New Jersey, announcing plans for 14 new locations geared toward the last mile of its fulfillment process.
