Landlords and developers are still reaping the rewards of New Jersey’s tight industrial market, where rents continue to rise well above average asking rates.
NAIOP reveals deal of the year finalists for upcoming gala
NAIOP New Jersey has announced the finalists for its coveted Deal of the Year awards, highlighting six of the state’s most impactful projects and transactions of 2018.
Turner announces four promotions in New Jersey
Turner Construction Co. has made four promotions to its management team in its Somerset office.
EDA: Biopharma firm mulls purchase of 85,000 sq. ft. Somerset building
A biopharmaceutical company is weighing plans to acquire an 85,371-square-foot industrial building in Franklin, having won approval for a 10-year, $13 million tax credit package from the state Economic Development Authority.
EDA: Co-working sites in central, southern New Jersey eligible for rent grants for startups
The state Economic Development Authority has added two co-working facilities in Somerset and Gloucester counties to its list of locations that qualify for rent subsidies for startup businesses.
Zimmel inks $2.1 million sale of Somerset flex building
A maker of medical diagnostic tests has acquired a 17,000-square-foot flex building in the Somerset section of Franklin, following a transaction brokered by Zimmel Associates.
BRC: Distributor signs 41,000 sq. ft. industrial lease in Somerset
A distributor has taken 41,000 square feet of industrial space in the Somerset section of Franklin, in a transaction arranged by Bussel Realty Corp.
JLL inks $33.5 million sale of Somerset office park
A three-building, 679,000-square-foot office park in Somerset County has changed hands for $33.5 million, following a sale arranged by JLL.
CREW NJ honors industry leaders at 35th anniversary event
Commercial Real Estate Women of New Jersey celebrated its 35th anniversary last week, drawing top development executives and service professionals to mark the milestone and hail the successes of the industry’s female leaders.
Life sciences firm renews for 10,400 sq. ft. in East Rutherford, Garibaldi says
A life sciences company has renewed its nearly 10,400-square-foot lease in East Rutherford, where it has maintained its headquarters for nearly 30 years.
