Upgrades to Newark’s Military Park and a growing demand for downtown office space have helped push three city office buildings to full occupancy, according to the owner of the properties.
Procida Funding has closed a $3.66 million bridge loan secured by a four-building, mixed-use portfolio across the street from Rutgers University in downtown Newark, the firm announced.
OpenWorks, a nationwide provider of franchise commercial cleaning services, has hired a former pharmaceutical sales executive to lead its new office in New Jersey.
Suburban office landlords who spruce up their buildings have seen tenants come calling, but continue to trail those offering space in urban locations and those served by mass transit.
A bodybuilding and weight loss solutions company has subleased 11,200 square feet at Robert Treat Center in Newark, according to brokers with Colliers International Group.
A library at the Essex County College campus in Newark is reopening this month as a modern media center and student lounge, following a project designed by an area architecture firm.
An industrial real estate firm has expanded its New Jersey holdings by acquiring two sites in Newark for a combined $29.5 million, according to the buyer and brokers involved with the deal.
A fitness operator and a burger chain that is expanding into New Jersey will be among the newest tenants in downtown Newark, following leases brokered by Pierson Commercial.
A private equity firm has sold two 15-story apartment towers about 10 minutes outside downtown Newark, according to brokers with HFF who orchestrated the transaction.
