Leasing

Impulse 4.0 recently signed a lease to occupy 125,646 square feet of industrial space at 9581 Joe Rodriguez Dr. due to its high-demand warehouse and distribution space in the only new El Paso class-A industrial site.

CGS3 attorney Chris Rizza says that retail rents will dip in the short term as landlords work with tenants to curb defaults.

The Park Avenue at Morris County property is a six-building, 1.16-million-square-foot trophy-quality office park at 100 - 600 Campus Drive in Florham Park, NJ at the Columbia Turnpike exit off Route 24.

District 237's new leases include a new long-term lease for 142,710 square feet with Raytheon, 96,000 square-feet to NXP Semiconductors and 76,000 square-feet to CDK Global.

Optima Kierland has transitioned to all-digital showings in response to the pandemic, and has completed two sales.

The Philadelphia-based real estate investment advisory firm, also notes that it has begun capital improvements involving both interior and exterior upgrades at the nearly 467,000-square-foot property.

The deal brings the 120,000-square-foot industrial building in Bergen County to full occupancy, according to commercial brokerage firm NAI James E. Hanson.

Retail landlords facing tenant defaults as a result of the coronavirus pandemic will likely work with tenants toward a solution.