NORWOOD, NJ–Precision Technology renewed its lease of 52,000 square feet at Alfred Sanzari Enterprises' industrial complex here – after 30 years of tenancy.
SADDLE BROOK, NJ-Industrial vacancy is at record low right now, reports CBRE, but 4 million square feet of Class A space is expected to be delivered to the market by the end of the year, which could slow momentum.
The "inland port" areas of Norfolk, VA, and the Lehigh Valley in Pennsylvania will get a close look at a panel at the June 5-6 I.CON: The Industrial Conference in Jersey City, Steve Schellenberg of IMS Worldwide will moderate a panel on the dynamic growth in these emerging markets. Here, GlobeSt.com's Antoinette Martin.gets a preview from Schellenberg of what will be discussed.
PHILADELPHIA-The Flynn Company is marketing a total 78,000 square feet of office space at the SEPTA building,including the whole top floor of the 20-story building.
ENGLEWOOD CLIFFS, NJ-Unilever would get a $40 million ten-year tax incentive to stay in its facility here, and renovate it. Also, Jimmy's Cookies and a Chinese apparel maker would get tax breaks to open facilities in Clifton.
JERSEY CITY, NJ-The Economic Development Authority approved tax incentives of $224 million over ten years to JP Morgan Chase, which says that makes it possible to establish a regional technology/operations hub here. Also, financial firm RBC is to get $78 million if it goes to the Goldman Sachs tower.
