Somerset office building trades for $7.5 million, Marcus says

The longtime owner of a nearly 90,000-square-foot office building in Franklin Township has sold the property for $7.5 million, brokers with Marcus & Millichap said Monday.

Industrial builders flock to Franklin after zoning change, bringing new life to aging office sites

Franklin Township has more than 4 million square feet of industrial space in its development pipeline — most of it in the town’s well-known Somerset section — with a growing list of projects that call for razing and repurposing the sites of outdated office buildings.

NAIOP New Jersey to honor Preston, other industry leaders at 35th annual gala

A longtime development executive will headline the slate of honorees at this year’s NAIOP New Jersey gala, where the organization will also highlight two key service professionals and the firm behind several high-profile projects in the state.

Somerset hockey rink sold, slated to become warehouse space

The operator of a hockey rink in Franklin Township has sold the property to a buyer that is now slated to use it as warehouse space, according to brokers with Cushman & Wakefield.

BRC named leasing agent at 207,000 sq. ft. Somerset industrial building

The owner of nearly 210,000 square feet of industrial space in Franklin Township has tapped Bussel Realty Corp. as its leasing agent.

Developer plans new industrial space after buying Somerset office building, CBRE says

Another aging New Jersey office property could soon become industrial space, following a developer’s purchase of a 15-acre site in Franklin Township for nearly $31 million.

BRC inks 5,000 sq. ft. industrial lease in Somerset

An industrial user has leased 5,000 square feet in the Somerset section of Franklin, brokers with Bussel Realty Corp. announced Monday.

EverWest buys Somerset industrial building for $28 million, adding to growing portfolio

An investment manager has acquired a nearly 126,000-square-foot industrial building in Somerset County, marking its third such purchase in the region in two months.

CBRE: Investment firm buys 144,000 sq. ft. Somerset industrial building

An investment manager has purchased a nearly 144,000-square-foot industrial building in the Somerset section of Franklin, in a deal arranged by brokers with CBRE.

Turner Construction names new leader of New Jersey region

Turner Construction has named a longtime construction executive as its new leader for the New Jersey region.