In New Jersey’s booming industrial market — where rent growth is unprecedented and speculative development is rewarded — owners and investors still face a major challenge when it comes to deploying capital and keeping their pipelines filled.
Santander Bank has extended its nearly 5,000-square-foot lease at a Livingston commercial building, in a deal announced this week by Lee & Associates of New Jersey.
Accounting firm Sobel & Co. has expanded and renewed the lease at its Livingston headquarters, in one of a series of office and retail deals announced recently by Eastman Cos.
A developer has sold a fully leased, 7,846-square-foot retail center in Livingston for nearly $6 million, according to brokers with Marcus & Millichap.
A medical practice has leased more than 6,000 square feet in Little Silver, in one of nearly two dozen transactions announced recently by Sitar Realty Co.
Squiretown Properties formally unveiled its new rental community in Livingston. With two buildings completed, the developer has introduced 94 of the planned 220 units at what’s known as ParkVue at Livingston, as construction continues for the remaining phases.
About 30 tenants have inked leases with Eastman Cos. in the first half of 2017, contributing to 120,000 square feet of activity across the firm’s commercial portfolio in New Jersey.
A nonprofit community health and human service organization has moved into a new 14,000-square-foot facility in East Orange with the help of a regional philanthropy group.
