HAMILTON TOWNSHIP, NJ—The property's long-term prospects are positively affected by its proximity to Amazon's new 1.5-million-square-foot distribution center, as well as the site of a 350,000-square-foot, state-of-the-art FedEx distribution center that is currently under development.
EVESHAM TOWNSHIP, NJ AND PHILADELPHIA, PA—The slow-down in commercial leasing activity in Southern New Jersey that began late last year may have been the beginning of a trend, according to Wolf Commercial Real Estate's latest quarterly research. However, office and retail remained strong in the Philadelphia market just across the river from New Jersey's Burlington, Camden, and Gloucester Counties.
HACKENSACK, NJ—The property at 86-110 Orchard Street includes 110,000 square feet of warehouse space and 15,000 square feet of office space located on the second floor.
LINDEN, NJ—Jordan Metz, VP at Bussel Realty Corp., brokered the sale. This is the fifth industrial investment asset Metz has sold over the past 12 months, totaling more than $40 million in aggregate sales/lease volume.
PHILADELPHIA—Rodio has 13 years of industry experience and has been involved in more than 200 assignments covering a wide range of office, industrial, retail, multi-housing and land sales and financings totaling more than $6 billion in volume.
WESTWOOD, BURLINGTON AND NEWARK, NJ—The team of Charles Berger and Mark Silverman of CBRE's New Jersey office, and Elli Klapper of the firm's Long Island City office arranged the transactions.
HACKENSACK, NJ—The planned, six-story building will feature 4,207 square feet of retail space on the ground floor and first level, and six one-bedroom apartments ranging from 621 to 801 square feet in size will be located on floors two through five.
PARSIPPANY, NJ—In response to the tightening market, landlords are continuing to add significant amenities and conveniences, which are now considered, in many cases, necessities.
