The Stro Cos. has acquired a well-known but vacant retail property in Lodi, with plans to renovate and reposition the local landmark to attract new tenants.
In New Jersey’s booming industrial market — where rent growth is unprecedented and speculative development is rewarded — owners and investors still face a major challenge when it comes to deploying capital and keeping their pipelines filled.
The Stro Cos. has acquired a 45,000-square-foot light industrial building at the nexus of three major highways in Elmwood Park, the commercial real estate firm said Monday.
The Stro Cos. has leased 11,600 square feet in Woodbridge to a Brooklyn-based firm that was seeking warehouse space for two of its business lines, the landlord said Tuesday.
Two new leases and two renewals have fueled more than 26,500 square feet of activity at a Meadowlands flex industrial building, executives with The Stro Cos. announced recently.
The Stro Cos. has started the year by growing its industrial portfolio in northern and central New Jersey, acquiring five buildings spanning more than 200,000 square feet.
Team Resources Inc. has announced the sale of a 51,000-square-foot, multitenant industrial building in Moonachie to a Ridgewood-based real estate investor.
