BRANCHBURG, NJ—“We were drawn to the building's tenancy as much as the opportunity to purchase a building in today's competitive market below replacement cost,” says Elberon VP Terry Armstrong.
EVESHAM TOWNSHIP, NJ—The 10,000 square-foot Evesham Township restaurant will undergo a $3 million buildout to convert it to the Chickie's & Pete's model, which features multiple large wall monitors displaying sporting event coverage, says Peter Ciarrocchi, co-founder of Chickie's & Pete's.
BRIDGEWATER, NJ—Since beginning its fabrication and installation business in 1999, Bridgewater Marble has leased space in the Bridgewater Business Park.
Uranowitz says the acquisition opportunity garnered tremendous interest due to the property's location in a well-established transit-friendly neighborhood and repositioning potential associated with area development.
ENGLEWOOD CLIFFS, NJ—OVG and Normandy are substantially redeveloping the 22.85-acre property, which includes a 321,000-square-foot office building on the property across the Hudson River from New York City. The project is expected to be completed by the fourth quarter.
BASKING RIDGE, NJ—“The I-78 corridor office market has gained momentum,” says Cushman & Wakefield's Ben Brenner. “Basking Ridge, in particular, is a long-time target destination for the pharmaceutical, communications, technology and FIRE industries. The region's deep and skilled labor pool and executive housing options continue to place it among the state's most desirable suburban office markets.”
NEWARK, NJ—Decades in the making, the project is expected to bring economic benefits to the city including new jobs and commercial opportunities, a tax boost, and commitments from developers for future Newark-based projects.
BASKING RIDGE, NJ—The hotel is in the heart of northern New Jersey on the border of Somerset and Morris Counties, near 49 million square feet of office space and numerous Fortune 500 companies, including Verizon, Chubb Insurance and ADP, all located directly across from the hotel.
LINDEN, NJ—Planned improvements include roofing, new entrances, new building facades and windows, modernization of the building's 98 loading doors and five drive-in dock doors, as well as the installation of T5 lighting.