Dermody has been active in the Pennsylvania/New Jersey industrial market of late. The deal for the East Windsor, NJ property comes less than a month after the firm broke ground on two buildings at a 557,820-square-foot complex located 80 miles from the Port of New York and New Jersey in Wind Gap, PA.
In the Second Annual Chicago Mid-Year CRE Sentiment Report produced by The Real Estate Center at DePaul University, approximately 52% of participants—down sharply from 69.8% a year ago—characterize the Chicago real estate market for the first half of 2019 as consistently strong.
Last week, city officials, including Jersey City Mayor Steven Fulop, joined executives from the project development team BNE Real Estate Group, Hoboken Brownstone Co. and McKinney Properties at a ribbon-cutting ceremony to officially open The Enclave, a new 260 luxury apartment development.
The Research Park at Marina Village is minutes from downtown Oakland and BART, and with 1 million square feet of product, it is big enough to give tenants the opportunity to expand.