New Jersey

Waypoint Residential is set to launch ground-up construction of 235 class A apartments.

AEX required a facility with solid connections to the highway network in Northern New Jersey and Linden met that requirement, according to Jordan Metz of Bussel Realty.

The LEED Gold, environmentally friendly, expertly designed 350,000 square-foot technical school is now open to students.

“These assets are highly sought-after, especially given lack of opportunities to acquire these types of deals in the market,” says HFF's José Cruz.

Last year, the property underwent a $7 million capital improvement program.

“CBRE continued to experience outstanding leasing and sales momentum throughout the summer months,” says Jeff Hipschman, senior managing director, CBRE.

The industry's annual contribution to the state economy is estimated at $47.5 billion—86 percent higher than the national average, says Andrew Judd, Cushman & Wakefield's New Jersey market leader.

The property is net-leased for 15 years to FedEx Ground Packaging System. The building is situated on approximately 93 acres.