AVENEL and BRANCHBURG, NJ—The warehouse buyer will use the property for the distribution of items such as tea, coffee, non-perishable grocery, and other goods.
FREDERICKSBURG, PA—The lease transaction, negotiated by CBRE, involves a new 1,080,421-square-foot cross-dock, 36' clear distribution facility. The existing 874,126-square-foot facility is to be expanded by 225,875 square feet and delivered to Ace Hardware for occupancy by year end 2017.
CEDAR KNOLLS, NJ—The 107,000-square-foot shopping center is revitalizing a key Morris County commercial corridor. The project is nearly 80-percent leased, with several additional tenant announcements expected in the coming weeks.
MULLICA HILL, NJ—Inspira purchased 100 acres of the current site from Rowan University in 2016, with the vision of creating a modern medical center in the heart of Gloucester County
EAST ORANGE, NJ—As previously reported by GlobeSt.com, the property, also known as the Castle on Prospect, had been owned by East Orange, NJ-based KEC Properties, and sold for a record $11.25 million, or about $250,000 per unit.
PARSIPPANY, NJ—The sale brings Prism's investment in 339 Jefferson full circle. The company purchased the asset, then known as Kingsbridge Corporate Center IV, in 2013 in a joint venture with The Davis Companies, a Boston- based investment firm.
NEWARK, NJ—The unique design includes plans for a day care center, with a drive-through drop off, on the bottom two floors with the top three floors offering residential living with new sustainable design materials.
NEWARK, NJ—According to Gebroe-Hammer's David Jarvis, multifamily dominates Newark's housing landscape, accounting for 81 percent of the city's building stock.
