New Jersey
NAI Mertz Closes South Jersey Industrial Sale
NAI Mertz SVP Jonathan Klear completed the sale of an 80,300-square-foot light industrial building at 2339 Center Square Rd. in Logan… Read more
Old Bridge Offices See Leasing Success Under New Owners
In less than seven months under new ownership, the 132,000-square-foot 100 Matawan Rd. in Old Bridge, NJ has seen more… Read more
Port Authority Okays $4.5B in Airport Projects
The $2-billion AirTrain LaGuardia project got the nod from the Port Authority of New York and New Jersey’s Board of… Read more
Prologis Acquiring Liberty Property Trust for Nearly $13B
San Francisco-based Prologis, Inc. is acquiring Wayne, PA-based Liberty Property Trust in an all-stock transaction valued at roughly $12.6 billion,… Read more
Rock Group Holds Grand Opening of Piscataway Logistics Center
Local government officials, tenants and neighbors joined Rockefeller Group executives and staff recently in celebrating the official opening of Rockefeller Group Logistics Center in Piscataway,… Read more
O-Zone Experts: The 10-Year Hold Means Looking at Long-Term Impact
By Paul Bubny The opportunity zone sector, which didn’t really exist prior to its inclusion in the 2017 Tax Cuts… Read more
KBS Amasses New Leases, Renewals at NJ Office Property
KBS signed 103,396 square feet in leases at Woodbridge Corporate Plaza in Iselin, NJ within the past six months. The deals included six… Read more
Cali Buyer Makes Third NE Deal with NJ Multifamily
Pacific Urban Residential LLC acquired The Highlands at Morristown Station, a 217-unit apartment building in downtown Morristown, NJ. Deal terms weren’t disclosed.… Read more
Bellwether Enterprise Hires Botros as Vice President in Greensboro
Bellwether Enterprise Real Estate Capital has hired Lucas Botros as vice president. Botros will be based in Greensboro and be… Read more
CBRE Duo Closes Two Middlesex County MF Deals
CBRE’s Nat Gambuzza and Trevor Fiebel sold two multifamily properties in New Jersey’s Middlesex County totaling $11.3 million. The buyers… Read more
Bridge Development Hires Hampshire’s LoBello as Ops Director
Bridge Development Partners hired Karen LoBello as director of operations. Working out of Bridge’s New Jersey office, LoBello will oversee the property management… Read more
Burlington Stores Backfills Vacant Toys “R” Us in Raritan
Off-price retailer Burlington Stores plans to open a new, 46,000-square-foot location at Somerville Circle Shopping Center in Raritan, NJ in Spring 2020. The… Read more
Columbia REIT Makes Deal for Normandy Platform
Columbia Property Trust has signed a definitive agreement to acquire owner-developer Normandy Real Estate Management. Columbia will acquire Normandy’s operating… Read more
Transwestern Team Wins TOBY Award from NJ BOMA
The New Jersey chapter of the Building Owners and Management Association (BOMA) has recognized 180 Park Ave. in Florham Park with The… Read more
SLB Puts NJ Facility into Institutional Hands
CBRE arranged the sale-leaseback of a 100,000-square-foot industrial facility at 12 Daniel Rd. in Fairfield, NJ. EverWest Real Estate Investors… Read more
Monmouth REIT Picks Up Indy-Area Amazon Warehouse
Monmouth Real Estate Investment Corporation acquired a newly-developed 615,747-square-foot Greenwood, IN industrial building, net-leased to Amazon, for $81.5 million. The… Read more
CushWake Markets Parsippany Industrial for Lease
Cushman & Wakefield is launching the marketing for approximately 200,000 square feet of warehouse space at 100 Jefferson Rd. in Parsippany, NJ.… Read more
Factory-Turned-Office Goes for $85M in Central NJ
CBRE closed on the $84.7-million sale of American Metro Center (AMC), an adaptive-reuse office property in the Central New Jersey… Read more
American Dream Mega-Mall Partners on Ferry Service from NYC
American Dream, the mega-mall in East Rutherford, NJ set to open later this month, partnered with NY Waterway to provide ferry-bus… Read more