HOWELL TOWNSHIP, NJ—Mortgage brokerage Eastern Union Funding arranged the financing for the new home of its Howell, NJ, location at 481 Oak Glen Road. The suburban construction project was completed in just 10 months, and was fully occupied – in part by Eastern Union Funding itself – even before the construction project was done.
TEANECK, NJ—Pharmaceutical manufacturer Kyorin U.S.A. Inc., a subsidiary of Tokyo, Japan-based Kyorin Pharmaceutical Co. Ltd., has renewed its 2,370-square-foot lease at Glenpointe Centre West, located at 500 Frank W. Burr Blvd. in Teaneck.
FAIRLESS HILLS, PA—Keystone NAP will launch the first advanced data center in the Northeast capable of meeting the needs of today's web-scale enterprises. The center is expected to open in the first quarter of 2015.
PARSIPPANY, NJ—Transwestern has received the Heart Award from the New Jersey chapter of The Building Owners and Managers Association, recognizing the firm's dedication to its community through volunteer work and charitable initiatives.
NEWARK, NJ—Apparently running short of space for its burgeoning staff in a new corporate tower nearing completion, Prudential Financial has extended its lease at Two Gateway Center. It's the second lease Prudential has decided to extend in the Gateway Center complex.
EATONTOWN, NJ—Nordstrom Rack will be occupying 35,500 square feet in The Crossroads at Eatontown, 231 Highway 35, Eatontown, NJ, with an opening scheduled for fall 2015.
NORTH BRUNSWICK/NEW BRUNSWICK, NJ—The sale of a two-building industrial offering in North Brunswick and New Brunswick reflects strong investor demand in New Jersey's distribution corridor. Cushman & Wakefield's Metropolitan Area Capital Markets Group orchestrated the trade of 1000 Corporate and 571 Jersey Avenue to Principal Real Estate Investors.
WOODBRIDGE, NJ—In a major repositioning, the owner of 120 Wood Avenue South—also home to the Hotel Woodbridge at Metropark—will enhance the property's office space to meet the demands of the robust Iselin, NJ leasing market. Major capital improvements to common areas and amenities at the 467,575-square-foot, mixed-use asset will commence in the first quarter of 2015.
CAMDEN, NJ--The MD Anderson Cancer Center at Cooper was built to create hope for the environment as well as for its patients. The center has been recognized by the US Green Building Council's New Jersey Chapter for setting a new standard for sustainability among health care facilities.