Edison
JLL Arranges Sale, Financing of Edison Industrial Service Facility
JLL Capital Markets arranged the $24.5-million sale and acquisition financing of 76 National Rd., an approximately 5.5-acre, fully occupied industrial service and… Read more
Dubai-Based Hotpack to Establish North American Production with NJ Facility
Dubai-based Hotpack, a leader in sustainable food packaging solutions, announced a $100-million investment to establish a new manufacturing and distribution facility… Read more
Stop & Shop Slates 32 Underperforming Stores for Closure
Quincy, MA-based Stop & Shop, a unit of Ahold Delhaize USA, said Friday it would close 32 unperforming locations across… Read more
Roca Tile Relocates to Edison with 80K-SF Lease
CBRE has facilitated an 80,250-square-foot relocation and expansion for Roca Tile, a designer ceramic tile manufacturer and distributor, at 74… Read more
Victory Home Remodeling Subleases 43K-SF in NJ
Victory Home Remodeling has signed a long-term, 42,949-square-foot sublease at Bell Works facility in Holmdel, NJ. Victory Home Remodeling will… Read more
Catalyst Lands $5M for NJ Site
Catalyst Development Partners has secured $4.9 million in acquisition and predevelopment financing for 135 Whitman Avenue, a 6.7-acre site in… Read more
Sitex Acquired More Than $250M in Real Estate This Year
Sitex Group, a private equity real estate firm that focuses on acquiring, developing and repositioning industrial assets, has acquired over… Read more
Avison Young Arranges 400K-SF Lease Extension for Dotcom Distribution
Avison Young represented Dotcom Distribution in its lease extension for more than 400,000 square feet of distribution space at 100-400… Read more
SBM Management Relocates NJ Headquarters to Newark’s Hahne & Co. Building
L+M Development Partners, Prudential Financial and Goldman Sachs Urban Investment Group have secured a 13,215-square-foot lease with SBM Management at… Read more
Joint Venture in $54M New Jersey Industrial Buys
Following their joint venture announcement in late 2021, real estate investor Oxford Properties Group and real estate investment management firm EverWest Real… Read more
China-Based Logistics Firm Leases 347K SF in Edison
CBRE completed a 346,858-square-foot industrial lease for JW Fulfillment, Inc., a China-based logistics and warehouse fulfillment company, at the newly… Read more
Mack-Cali Divests Metropark Portfolio for $254M
Mack-Cali Realty Corporation said Tuesday it had sold its Metropark office portfolio, located in Edison and Iselin, NJ, for $254 million to Opal Holdings. The… Read more
Topgolf Plans 2021 Opening for First NY State Location
Topgolf Entertainment Group will open its first venue in New York State with a location on Long Island early next… Read more
Edison Industrial Portfolio Lands Permanent Financing
JLL Capital Markets arranged permanent financing on behalf of Summit Associates for a fully leased, 11-building industrial portfolio totaling 947,058… Read more
NAIOP NJ Panelists Address “Hot-Button” Issues
Keeping goods and people moving through the Garden State, and the trends influencing the state’s corporate site selection process, were… Read more
Logistics Firm Leases 250K SF in Edison
Romark Logistics committed to a 249,853-square-foot industrial lease at 145 Talmadge Rd. in Edison, NJ. The company, which specializes in… Read more
Rock Group Launches Big-Box Spec Build in Low-Vacancy NJ Corridor
Rockefeller Group has begun construction on Rockefeller Group 10Edison, a 900,022-square-foot speculative distribution center in Edison, NJ. It will be located on 56… Read more
Rents Reach Historic Peak for NJ Office
The New Jersey office market recorded its fifth consecutive quarter of positive net absorption, driving the state’s average asking rent to an… Read more
Liberty Lands Two Industrial Buildings in NJ
Wayne, PA-based Liberty Property Trust purchased two industrial buildings totaling 270,254 square feet in New Jersey for a combined investment… Read more