The pandemic has not stifled rent growth in New Jersey’s industrial market, as Amazon and other e-commerce users continue to drive leasing and construction activity statewide.
Russo Development and Onyx Equities have closed on a 21-acre parcel in Woodbridge, clearing the way for a project that will add 376 apartments and new retail space to the township.
A developer has sold a six-building, 87-unit apartment portfolio in Woodbridge and Rahway, in a set of newly announced transactions by Gebroe-Hammer Associates.
A local developer has acquired the former site of a well-known restaurant in Woodbridge, with plans to redevelop the property with more than 5,000 square feet of new retail space.
A subtenant at a Woodbridge office park has signed a new direct lease for nearly 19,000 square feet, in the largest of six transactions announced Wednesday by KBS.
A beauty salon co-working concept has continued its rapid expansion in the region, leasing five new locations in New Jersey and New York for a combined 47,000 square feet.
SJP Properties has acquired a 270,000-square-foot office building in Woodbridge, where it’s now planning an extensive renovation aimed at creating an environment for high-end tenants.
The Kislak Family Foundation has made a $50,000 grant to Habitat for Humanity of Greater Newark, which the organization will use for projects in Essex, Hudson and Union counties.
Construction is underway at the former site of an auto dealership in downtown Woodbridge, where Prism Capital Partners is building 232 apartments and ground-floor retail space.