Government & Public Policy
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town’s well-known Somerset section — with a growing list of projects that call for razing and repurposing the sites of outdated office buildings.

Industrial
Woodmont adds industrial associate amid continued development, investment plans

Woodmont Industrial Partners has made an addition to its Fairfield-based team, as it eyes continued expansion in both the Northeast and other top logistics markets.

Residential & Mixed Use
Woodmont breaks ground on 120-unit luxury rental complex in Warren County

Woodmont Properties has broken ground on its latest multifamily project, with plans calling for 120 luxury apartments just west of Hackettstown in Warren County.

Industrial
Woodmont sells 92,000 sq. ft. industrial, flex portfolio for $22 million

Woodmont Properties has sold more than 90,000 square feet of industrial flex space along Route 46, fetching just over $22 million for the two-building portfolio.

People
Woodmont adds four team members amid growing development, investment platform

Woodmont Properties has announced four new hires to support its ongoing growth and expansion across multiple asset classes throughout the region.

Top News
CBRE: Pipeline for office conversions on the rise in New Jersey, exceeding 8.6 million sq. ft.

Developers are on track to remove nearly 9 million square feet of obsolete office space in New Jersey, as they repurpose the sites with in-demand uses such as industrial and apartments.

Residential & Mixed Use
Woodmont marks opening, leasing momentum at new West Windsor rentals

Woodmont Properties has taken the wraps off a new luxury apartment complex in West Windsor, having already rented nearly a third of its 443 units at the site.

Industrial
Developers plan 426,000 sq. ft. industrial campus after buying Somerset office property

A joint venture has acquired an office building and adjacent land in Franklin Township, with plans to redevelop the site as a two-building, 426,000-square-foot industrial campus.

Government & Public Policy
Santola joins State Planning Commission after nomination by Murphy, approval by Senate

Longtime development executive Stephen Santola has joined the State Planning Commission as a public member, following lawmakers’ recent approval of his nomination to the group.

Industrial
Woodmont sells new 101,000 sq. ft. industrial building in Woodbridge

An affiliate of Woodmont Properties has sold a newly built, fully leased industrial property in Woodbridge to a buyer that has also become one of its newest joint venture partners.