Prologis and an online luxury consignment shop have signed a lease for more than 490,000 square feet in Perth Amboy, following the approval of a 10-year, $38.9 million tax credit package to help the retailer establish a new Northeast fulfillment center.
Teva Pharmaceuticals isn’t the only life sciences company to impact New Jersey’s office market this year, as several others have inked sizable leases to expand or upgrade their space.
NAIOP New Jersey will honor one of the state’s key government officials in recent years alongside one of its best-known developers as part of its upcoming fall awards dinner, where the association will also recognize several influential industry professionals.
Eight tenants have combined for more than 60,000 square feet in leasing activity at a six-building, 629,000-square-foot office complex along Route 1 in Woodbridge
The Sudler Cos. is hailing the success of a high-profile redevelopment project in Cranbury, where it has leased two new industrial buildings totaling 758,000 square feet at the former site of a large office complex.
A telecommunications equipment firm has leased 35,000 square feet at a Bridgewater office building, one of three new leases announced by brokers with Newmark Knight Frank.
The state’s largest hospital system is set to expand at a Monmouth County office building, following a nearly 115,000-square-foot lease arranged by Newmark Knight Frank.
