A developer that is converting a Lodi retail building into industrial space has landed a tenant for the project, inking a 130,000-square-foot lease with a grocery wholesaler.
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.
A real estate investment trust is set to convert a former big-box retail site in Lodi into more than 170,000 square feet of industrial space, the property’s leasing team announced Tuesday.
A broker with Gebroe-Hammer Associates has won a top honor from the firm in connection with last year’s $75 million sale of a 487-unit, 18-building portfolio in Hudson and Bergen counties.
An investment group has reaped more than $75 million from the sale of two garden apartment complexes in Bergen County, brokers with CBRE announced Wednesday.
An investor has acquired a 132,000-square-foot, triple-net-leased Home Depot property in Lodi for $53 million, under a newly completed transaction by CBRE.
A private investor has acquired an 18-building, 487-unit multifamily portfolio in Hudson and Bergen counties, under a $75 million deal arranged by Gebroe-Hammer Associates.
Investors have stayed bullish on New Jersey’s industrial market, driving more than $900 million in sales volume during the third quarter for warehouse and logistics space in the region.
A fashion company has acquired a nearly 75,000-square-foot industrial building in Lodi, which it plans to use to both fulfill its e-commerce business and support a retail location in Manhattan.
