Blue-chip tenants are coming back to New Jersey’s industrial market, boosting lease activity to start the year as occupiers search for higher-end warehouse and logistics space.
Rock Brook, one of New Jersey’s top engineering firms and a key player in several major asset classes, has joined Salas O’Brien under a merger announced last week.
Sitex Group has acquired a 26,000-square-foot warehouse in Monroe, adding to its portfolio in the well-known Exit 8A submarket along the New Jersey Turnpike.
WPT Capital Advisors has secured acquisition financing for more than 603,000 square feet of industrial space in Monroe Township, brokers with JLL announced last week.
BankUnited Inc. has closed on two loans totaling nearly $50 million to allow KPR Centers to acquire a New Jersey shopping center and refinance a second in the borrower’s portfolio.
Monroe Township has welcomed its first Starbucks with the opening of a new drive-thru location late last year, according to the property’s landlord and its brokerage team.
Solar Landscape has completed its latest projects in New Jersey with the debut of rooftop solar installations at two warehouses in the Exit 8A submarket.
