Construction is underway on a new 276-unit apartment complex in Raritan Borough, where a developer hopes to seize on a location just steps from a commuter train station.
A real estate investment firm has paid nearly $6 million to acquire a 107,000-square-foot office building in Somerset County, where it now plans to spend another several million on upgrades.
The owner of a 229,000-square-foot, eight-story office building in Somerset County has tapped Colliers International Group to sell or lease the property, the real estate services firm said.
Investors have acquired a 95,620-square-foot office building in Somerset County that is fully leased to a national bank and a regional health care provider, according to HFF.
After being destroyed last year by a high-profile fire, a Somerset County industrial complex is coming back to life as a new 700,000-square-foot distribution facility.
A successful rental project is one of two driving forces that now have Bound Brook ready to move ahead with a long-overdue revitalization of its downtown. The borough, whose Main Street has a history of being pummeled by surges from major storms, marked the completion last year of a $143 million flood control project — meaning downtown business and property owners no longer need to spend thousands of dollars on flood insurance.
J.G. Petrucci Co. Inc. is set to develop a speculative 187,500-square-foot industrial facility in Somerset County after recently acquiring an 18-acre site, the firm said Monday.
Brokerage and design teams have completed a series of upgrades aimed at repositioning a 100,000-square-foot office building in Bedminster, the firms said this week.
Peapack-Gladstone Financial Corp. has promoted a veteran lending executive in its commercial real estate division, the bank said.