PHILADELPHIA—The new building adds to the rapidly growing life sciences community at the Navy Yard, which, with a total of 750,000 square feet, is now home to the highest concentration of privately leased life sciences space in the City of Philadelphia.
EAST RUTHERFORD, NJ—While demand did not reach the high point seen in the first two quarters of 2016, leasing for industrial space is expected to remain healthy for the rest of the year.
The two, three-story class A office buildings, totaling 245,106 square feet, share a 4,000-square-foot atrium and are 72-percent occupied by three credit tenants.
PHILADELPHIA—The changing tastes in student housing mean that individual sleeping units can be smaller, but amenities are larger, and costs are somewhat higher, according to Campus Apartments CEO David Adelman.
MONROE TOWNSHIP, NJ—L&R expects the new facility to create a more streamlined and efficient distribution system by enabling the company to run all of its operations under one roof, condensing the company's two separate Northeast warehousing centers into a single, full-scale distribution center.
EXTON, PA—Three new tenants, including scooter, car, trampoline and toy maker Berg USA, have signed leases at Exton Partners' 608 Jeffers Circle in Exton, PA, a 42,700 square-foot industrial building on 6.8 acres.
UPPER SADDLE RIVER, NJ—The 14,730-square-foot, one-story property occupies 2.31 acres and was originally built-to-suit for the Young Women's Christian Association by Rodico.
PHILADELPHIA—The Colliers report examines influencing factors in six major North American distribution markets for industrial properties 300,000 square feet or larger.