CBRE: Tristate data center demand still strong, with inventory still limited

Data center vacancy in the tristate area reached an all-time low in 2020, according to CBRE, thanks in part to demand fueled by cloud providers, health care and financial institutions.

St. Joseph’s to occupy new ground-up 140,000 sq. ft. medical complex in Totowa

A hospital network is expanding its footprint with a built-to-suit, 140,000-square-foot medical office complex in Totowa, in a newly announced transaction by Lee & Associates New Jersey.

NAI Hanson inks 120,000 sq. ft. industrial sale in Totowa

A cosmetics company has acquired a nearly 120,000-square-foot industrial building in Totowa, under a newly completed transaction by NAI James E. Hanson.

JLL: Buyers wanted for North Jersey medical office, light industrial buildings

The owner of two medical office buildings and a light industrial property in northern New Jersey has put the portfolio on the market, in a newly announced offering by JLL.

IBS promotes longtime accounting, tech professional to director of product and services

Integrated Business Systems has named a new director of product and services after promoting a 15-year veteran of the commercial real estate technology firm.

IBS names new vice president of sales, marketing

Integrated Business Systems has hired a new vice president of sales and marketing, as it seeks to tap into the growing demand for real estate technology solutions.

JLL sources $11 million loan for Totowa data center

Russo Development has secured $11 million in financing for a single-tenant data center in Totowa, in a newly completed transaction by JLL.

IBS adds sales rep for software platforms in real estate, manufacturing

Integrated Business Systems has added to its team with the hiring of a new a consultant for the firm’s software for the commercial real estate and manufacturing sectors.

St. Joseph’s inks 60,000 sq. ft. medical office lease in Totowa, Lee & Associates says

St. Joseph’s Health has leased 60,000 square feet of medical office space as part of an ongoing redevelopment plan in Totowa, brokers with Lee & Associates said Thursday.

Hampshire sells revamped Totowa industrial building for $51 million, HFF says

The Hampshire Cos. has sold a newly delivered industrial complex in Totowa for $51 million, brokers with HFF announced Tuesday, following a project that called for retrofitting and expanding a former life sciences building off Route 46.