New Jersey
Hilco Plans Warehouses on Sites of Former NJ Power Plants
Hilco Redevelopment Partners (HRP) has acquired PSEG Power’s retired Hudson Generating Station in Jersey City/Secaucus (pictured) and Mercer Generating Station… Read more
Springfield Office Net Leased to LVMH Sells in 1031 Deal
CBRE arranged the $13.3-million sale of a 60,000-square-foot Class A office building in Springfield, NJ. The property, which serves as… Read more
Grocery-Anchored Paramus Center Trades to Invesco JV
Cushman & Wakefield arranged the December sale of Paramus Junction, a fully-leased, grocery-anchored Paramus, NJ shopping center in the heart… Read more
Illinois Ranks Second to NJ for Outbound Migration
Although New Jersey is the state most likely to see residents move out, Illinois isn’t far behind. United Van Lines’… Read more
Opportunity Zone Impact Expected to be Localized
Part two of a three-part series By Dave Sorter Opportunity Zones may be the hot topic of discussion in the… Read more
Hampshire Comes to Hackensack for Its First QOZ Deal
The former Arena Diner at 250 Essex St. in Hackensack, NJ is the first Qualified Opportunity Zone investment for the… Read more
So What Exactly are Opportunity Zones, and Where are They Located?
Part One of a three-part series By Dave Sorter Opportunity Zones have been a hot-button topic in the real estate… Read more
Port Authority Brings Electric Buses to Airport Shuttle Fleet
The Port Authority of New York and New Jersey has agreed to procure 18 Proterra electric buses for shuttle service… Read more
2019 Brings Uncertainty to Industrial After Record Port Volume
Container traffic through the Port of New York and New Jersey set a new monthly record in October, wrote CBRE’s… Read more
Princeton Corridor Offices Change Hands
Cushman & Wakefield has arranged the sale of Ibis Plaza, a two-building office complex at 3525-2525 Quakerbridge Rd. in Hamilton,… Read more
Prism Launches Dunellen MXU on Former Industrial Site
Prism Capital Partners has launched Dunellen Station, the redevelopment of the former Art Color industrial facility in Dunellen, NJ into… Read more
Class A Office Complex Finds Buyer in Somerset
JLL has completed the sale of Atrium Corporate Park in Somerset, NJ. The unidentified buyer acquired the three-building, Class A,… Read more
CushWake Tapped for NJ’s Largest Available Warehousing
A Cushman & Wakefield team of Jason Goldman, Charles Fern, Andrew Siemsen and Jason Barton has been appointed to lease… Read more
Duke Preleases New Meadowlands Industrial Facility
Duke Realty Corporation signed a 124,888-square-foot lease with GraceKennedy Foods (USA) LLC at a new warehouse in the Meadowlands. The… Read more
CBRE Arranges Parcel Sale in Harrison’s Redevelopment Zone
CBRE has arranged the $14.5-million sale of a development site at 15 Essex St. in Harrison, NJ. The firm’s Charles… Read more
KABR to Reposition 2-Building Princeton Complex
CBRE Institutional Properties represented an institutional seller in the sale of 100 and 101 Thanet Circle in Princeton, NJ to… Read more
Middlesex Strip Center Trades for $7M
Marcus & Millichap has arranged the sale of Quick Chek Plaza, a 25,800-square foot assemblage of retail shops at 881… Read more
Acquisition Financing Arranged for NJ Distribution Center
Cohen Asset Management secured $41.5 million in acquisition financing for Middlesex Logistics Center, a fully-leased, Class A, 507,000-square-foot warehouse and… Read more
NJ Office Deals Keep Getting Smaller
New Jersey has transformed into an office market characterized primarily by small office deals below 10,000 square feet, says CBRE.… Read more