Industrial
New owner plans upgrades at 81,000 sq. ft. warehouse in Avenel

An investment firm has acquired an 81,000-square-foot warehouse in the Avenel section of Woodbridge, under a newly announced transaction by Lee & Associates.

Health Care & Education
St. Joseph’s inks 60,000 sq. ft. medical office lease in Totowa, Lee & Associates says

St. Joseph’s Health has leased 60,000 square feet of medical office space as part of an ongoing redevelopment plan in Totowa, brokers with Lee & Associates said Thursday.

Editor’s Note
Breaking through

As you’ll read in this month’s cover story, Stanbery Development Co. has spent more than four years navigating local politics and state regulations in its quest to redevelop a vacant office complex in Parsippany. But the firm is now on a path toward fulfilling its vision, which calls for a mixed-use, downtown-style development anchored by high-end restaurants and retail.

Professional Services
Locally grown: Lee & Associates, marking 10 years in New Jersey, is primed for additional expansion

Lee & Associates is marking 10 years since the launch of its New Jersey office, having grown from just four brokers and three employees to a team of 55, thanks in large part to the firm’s distinctive broker-owned model and a growing number of service lines.

Retail
Lee & Associates inks leases with wireless carrier, bridesmaid shop

A wireless carrier and a seller of bridesmaid gifts have leased a combined 4,150 square feet in Bergen and Union counties, in a set of transactions announced by Lee & Associates.

Industrial
Cabinetry importer takes 111,000 sq. ft. in Ridgefield, Lee & Associates says

An importer and distributor of cabinetry has leased 111,000 square feet at a new industrial building in Ridgefield, in one of several newly announced transactions by Lee & Associates.

Professional Services
Garibaldi adds first-ever managing broker as part of historic rebrand

The Garibaldi Group has hired a veteran broker and consultant who will play a key role in the firm’s efforts to revamp and expand its real estate services platform.

Professional Services
Lee & Associates adds longtime N.J. property management exec

Lee & Associates has hired a veteran property management executive to help expand the firm’s practice and support its existing clients in New Jersey.

Industrial
Food distributor takes 125,000 sq. ft. at Duke project in Wood-Ridge

Duke Realty Corp. has preleased two-thirds of a new warehouse in Wood-Ridge, inking a nearly 125,000-square-foot lease with a specialty food distributor.

Industrial
Englewood warehouse is latest acquisition for Sitex

Sitex Group has acquired a 72,000-square-foot warehouse in Englewood as the latest addition to its northern New Jersey industrial holdings.