A joint venture has acquired a Roseland office building from Mack Cali Realty Corp., with plans to invest more than $1.5 million to improve the 94,000-square-foot property.
Brach Eichler LLC has renewed its 44,000-square-foot lease at a soon-to-be-upgraded office campus Roseland, in one of several recent deals announced Thursday by Vision Real Estate Partners.
Mack-Cali Realty Corp. reaped more than $500 million last year from the sale of buildings and joint venture interests, with additional sales slated for 2018 as it winds down its plan to right-size and reposition its vast portfolio.
Gebroe-Hammer Associates closed 14 sales spanning more than 1,300 apartments in December, fueling what it says is a new year-end benchmark for the multifamily brokerage firm.
Despite suffering the largest occupancy losses in nearly a decade, the northern New Jersey office market emerged from 2017 with reasons to be optimistic.
A special servicer has sold a roughly 280,000-square-foot office building in Roseland for $16.7 million, according to brokers with CBRE Group Inc. who marketed the property.
Connell Foley LLP has opened its new headquarters in Roseland, making a much-anticipated move to a state-of-the-art, 75,000-square-foot space in a newly repositioned office building.
Looking to replicate its success with other suburban office properties, Vision Real Estate Partners has acquired a three-building, 610,000-square-foot portfolio on Eisenhower Parkway in Roseland, where the firm is now planning a series of upgrades.
