New Jersey

Shifting market conditions are putting pressure on corporate tenants facing lease expirations to begin looking for space sooner rather than later, says Cushman & Wakefield's Matthew Marshall.

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

The new two-story facility features an outdoor patio, walking path, employee café space, and an open floor plan to foster collaboration, innovation and open communication.

Besides providing services and warehousing for retail and B2B industries, the Piscataway facility is specially equipped to serve clients fulfilling medical device orders.

The MCCIII complex, which includes four interconnected buildings on 27-acres, is 62-percent leased to four occupants, including global credit tenants TEVA Pharmaceuticals and Ogilvy CommonHealth Worldwide.

A roundup of recent deals, leases, executive moves, and other news from the past week.

Phillipsburg's apartment stock, "is continuing its historically stabilized run, recording a rent appreciation rate of five percent in the past year,” says Stephen Tragash, Gebroe-Hammer Associates senior vice president.

Neighborhood centers are likely to see pressure on pricing if existing grocery stores in those properties struggle to compete with the Whole Foods-Amazon combination, says Altus Group's Richard Kalvoda.