EDISON, NJ—The firm signed 74 leases in the second quarter totaling 660,373 square feet. Of these, 154,069 square feet were for new leases and 506,304 square feet were for lease renewals and other tenant retention transactions.
MOOSIC, PA—Glenmaura Corporate Center is a 353-acre premier mixed-use office, retail, entertainment, and residential lifestyle community in Northeastern Pennsylvania with two million square feet of completed and occupied office, retail, restaurant and entertainment facilities.
HOBOKEN, NJ—The accounting firm is expected to occupy its space in the mixed-use office and retail complex in June 2017. As part of the transaction, EY will be relocating a portion of its New York City operations to Hoboken.
KING OF PRUSSIA AND LANSDOWNE, PA—A Verizon Wireless store in King of Prussia, PA and Walgreens Pharmacy in Lansdowne have changed hands for a combined price of $20.615 million.
MONTVILLE, NJ—The project involves a major speculative renovation of one of the twin, 105,000-square-foot, class A office buildings on the former Bayer Pharmaceuticals campus.
BRIDGEWATER, NJ—Denholtz Associates secured a 10-year, $3.975 million refinancing on five of its flex-industrial properties totaling 115,714 square feet.
PHILADELPHIA—Asking rents increased in all submarkets, Colliers says. Free rent periods have decreased and the gap between asking and signing rents is generally below 10 percent
WEEHAWKEN, NJ AND BOSTON, MA—Mack-Cali Realty Corp. says its Roseland Residential Trust completed the acquisition of various partners' interests in Port Imperial on the Hudson River Waterfront and in East Boston, as well as the disposition of its subordinated ownership in two Port Imperial communities.
Newark skyline prices increased 0.7 percent to $33.03 per square foot, vs. the second quarter of 2015. On the Hudson Waterfront, prices declined by 0.3 percent to $37.80 per square foot during the same time period, as the absorption of higher priced office space exerted downward pressures on the submarket's rents.