JERSEY CITY, NJ—Construction has begun on 207 Van Vorst Street in Jersey City, NJ, consisting of two 15-story buildings with 408 residences and approximately 14,500 square feet of ground-floor retail space.
PHILADELPHIA—Leaders of two of the largest office property REITs in the Philadelphia market say they are “keeping powder dry” and accumulating funds to ensure they have sufficient capital to withstand any downturn in the market over the next 18 to 24 months.
BURLINGTON, NJ—ENER-G Rudox is partnering with the Masonic Charity Foundation of New Jersey on an $8.9 million sustainable energy makeover of Masonic Village, a senior living community in Burlington, NJ.
WEST ORANGE, NJ—In the largest non-waterfront adaptive-reuse redevelopment project currently underway in New Jersey, Prism Capital Partners is converting Thomas Edison's factory in West Orange into Edison Village, a residential redevelopment.
BETHLEHEM, PA—San Francisco-based Stitch Fix, an online subscription and personal shopping service, is leasing a 483,990 square foot spec industrial building owned and developed by Prologis in Bethlehem, PA.
BASKING RIDGE, NJ—Onyx Equities has scored a "two-fer," leasing its entire 211 Mt. Airy Road property to Daiichi Sankyo, while assisting the previous tenant, Avaya, to relocate in Onyx's Mount Kemble Corporate Center in Morristown, NJ.
HARRISBURG, PA—Self Storage Capital Partners has acquired a five-property, Storage Depot-branded, self-storage portfolio from PFG Capital for $35 million. HFF brokered the sale and arranged acquisition financing.
HOLMDEL TOWNSHIP, NJ—Colliers International is handling exclusive retail leasing for Bell Works, Somerset Development's two million-square-foot mixed-use redevelopment project in the heart of Monmouth County.
BRIDGEWATER, NJ—The law firm of Norris McLaughlin & Marcus has signed a 61,642-square-foot, 13-year office lease at Piedmont Office Realty Trust's 400 Crossing Boulevard in Bridgewater.
