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Penwood fund buys 97,000 sq. ft. Meadowlands industrial building for $31 million

Penwood fund buys 97,000 sq. ft. Meadowlands industrial building for $31 million

by Joshua Burd | Jan 11, 2023

By Joshua Burd Penwood Real Estate Investment Management has expanded its footprint in the Meadowlands, where a fund operated by the firm has acquired a nearly 97,000-square-foot industrial building. The property, 1 Caesar Place in Moonachie, traded for $31.25 million...
C&W: Penwood, Metrix sell 171,000 sq. ft. Hamilton warehouse after redevelopment

C&W: Penwood, Metrix sell 171,000 sq. ft. Hamilton warehouse after redevelopment

by Joshua Burd | Jun 15, 2022

539 Route 130 in Hamilton — Courtesy: Cushman & Wakefield By Joshua Burd A joint venture has sold more than 170,000 square feet of newly built industrial space along Route 130 in Hamilton, brokers with Cushman & Wakefield announced Tuesday. The sellers, a fund...
Penwood fund buys 276,000 sq. ft. Bordentown industrial building for $60 million

Penwood fund buys 276,000 sq. ft. Bordentown industrial building for $60 million

by Joshua Burd | Jun 9, 2022

201 Elizabeth St. in Bordentown — Courtesy: Cushman & Wakefield By Joshua Burd An investment manager has acquired a nearly 280,000-square-foot industrial building in Bordentown for $60 million, in a newly announced transaction by Cushman & Wakefield. The...
NAIOP New Jersey unveils deal of the year finalists for industrial, office projects

NAIOP New Jersey unveils deal of the year finalists for industrial, office projects

by Joshua Burd | Jun 28, 2021

By Joshua Burd NAIOP New Jersey has announced seven finalists for its coveted Deal of the Year honors, with plans to unveil the winners at its annual awards gala slated for early October. The commercial real estate development association, which will host the event on...
Freezer, cooler space in high demand in New Jersey, as users face a lack of supply

Freezer, cooler space in high demand in New Jersey, as users face a lack of supply

by Joshua Burd | Sep 16, 2019

New Jersey remains one of the most attractive markets for cold storage users, but meeting that demand can be challenging for developers. By Steve Lubetkin While New Jersey was sweltering its way through a record-setting heatwave in mid-July, demand for cold storage...
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