Industrial
2020 Acquisitions lands first tenant at 4.2 million sq. ft. Old Bridge industrial park

A packaging and fulfillment firm has leased more than 192,000 square feet to become the first tenant at a new nine-building, 4.2 million-square-foot industrial park in Old Bridge.

Industrial
BLP inks 87,000 sq. ft. in renewals in Hasbrouck Heights, NAI Hanson says

Two tenants at a Hasbrouck Heights industrial building have signed lease renewals totaling more than 87,000 square feet, according to brokers with NAI James E. Hanson.

Industrial
Four-building, 1 million-square-foot warehouse portfolio on the market for sale in Secaucus

A family office is seeking a buyer for 1 million square feet of industrial space in the Meadowlands, offering a portfolio that reportedly could trade for some $400 million.

Professional Spotlight
Newmark

Newmark has been fortunate to be involved in several award-winning large office transactions in the Garden State recently. This past year Gilead leased approximately 100,000 SF at Latitude in Parsippany, for which we represented both the tenant and landlord. Also in Parsippany, we completed Avis Budget Group’s new U.S. headquarters transaction in excess of 150,000 SF. Significant current landlord representation assignments in the office sector include 2 Gatehall Plaza (on behalf of owner SRG2 Partners LLC) in Parsippany, NJ; Glenpointe (on behalf of owner Alfred Sanzari Enterprises) in Teaneck, NJ; River Centre (on behalf of owner Paramount Realty) in Red Bank, NJ; Woodbridge Corporate Plaza (on behalf of owner Northeast Capital Group) in Iselin, NJ; and many other prominent office properties.

Industrial
Newmark: Investor buys 405,000 sq. ft. industrial portfolio in Carteret, West Caldwell

A five-building, 405,000-square-foot portfolio of new industrial space in Carteret and West Caldwell has changed hands, in a deal arranged by brokers with Newmark.

Office
McKinsey plans move to Newark, eyeing new home for hundreds of New Jersey employees

Global consulting firm McKinsey & Co. has found a new home in New Jersey, in downtown Newark, where it will bring together some 700 employees currently spread across two offices.

Office
Sanzari, Matthews sign lease in Teaneck for real estate services firm’s New Jersey office

Alfred Sanzari Enterprises has secured another tenant for its Glenpointe campus in Teaneck, having leased nearly 3,000 square feet to Matthews Real Estate Investment Services Inc.

Industrial
Fabuwood Cabinetry takes 197,000 sq. ft. at Linden Logistics Center, CBRE says

A fast-growing cabinet maker has leased nearly 200,000 square feet at Linden Logistics Center, the new 4.1 million-square-foot industrial park in Linden developed by Advance Realty Investors, Greek Real Estate Partners and PGIM Real Estate.

Office
AEP, with Newmark brokers, launches leasing at Harborside 6 after $46 million acquisition

Nearly 200,000 square feet of office space in Jersey City has hit the market for the first time in years, following American Equity Partners’ recent acquisition of what’s known as Harborside 6.

Retail
Growing hockey equipment chain opens in Kenilworth after backfilling 11,000 sq. ft.

A specialty hockey retailer has opened its doors in Kenilworth after leasing more than 11,000 square feet on Route 22, in a newly announced deal by The Goldstein Group.