Previously headquartered in Parsippany, the firm's relocation to 111 Littleton allows the company to streamline operations and increase efficiency for their team's ability to service existing and new customers, NAI James E. Hanson states.
Strong rent growth in the industrial sector resulting from limited land supply and a population influx remains a theme, along with a healthy dose of new office construction on the horizon to nudge vacancy back up.
Quartermaster owner Sky Management has partnered with architecture firm Digsau and is currently implementing a host of capital improvements that are expected to be completed by the spring of 2020.
In its latest transactions as exclusive leasing agent for the Passaic County property, the Old Bridge, NJ-based brokerage firm reports it has completed leases with Ulta and The Paper Store at The Parke at Hamburg for a total of 16,000 square feet, with both expected to open in the third quarter of 2020.
The 236-unit apartment building extends 765 feet into the Hudson River, developed by Hartz Mountain Industries and The Maxal Group. The financing came in the form of a $100-million syndicated loan for the project from M&T Bank that was completed in July.
The office market posted 197,968 square feet of positive net absorption and brought the year-to-date total to a positive 621,605 square feet, marking the 12th consecutive quarter of positive net absorption.
During her time at Gensler, her work with Partners HealthCare was awarded Best Large New Workplace by CoreNet New England, and her work on Reebok's headquarters was awarded Best Large Workplace by IIDA New England.
Hart has advised clients on more than $8 billion in debt financings and equity raises for multi-family apartments, residential communities, industrial facilities, urban entertainment centers, educational facilities, retail malls, hospitals, mixed-use projects and resorts and hotels.