New Jersey

Denholtz Properties also reports that RENEX NY has signed a lease for 9,000 square feet of industrial/ flex space at its Edgeboro Corporate Center at 12-16 Edgeboro Road in East Brunswick.

The. long-term lease deal was signed with New York City-based SJP Properties, which announced the transaction. Oracle is relocating its Bridgewater field office to the complex.

Lionstone purchased the 647,947-square-foot, three-building complex from Capstone Realty Group and JD Companies, according to CBRE

In New Jersey, the arranged sales involving 3,683 units with a sales value in excess of $606.8 million in 2019. In the Greater Philadelphia metro region, Gebroe-Hammer Associates orchestrated more than $455 million in sales totaling more than 4,265 units last year.

NAI James E. Hanson, the exclusive leasing broker for the former Ballantine Brewery located in the Ironbound district in Newark, reports that it negotiated industrial leases for 16,504 square feet with L. Gambert, LLC, 11,000 square feet with Windsor, and 9,000 square feet with Eli Fashion.

Avison Young was able to secure an early renewal and extension lease at 330 Washington Ave. allowing VGS to stay in the saturated Carlstadt/Rutherford submarket, while also negotiating other terms including a tenant improvement package.

Asking rents in Philadelphia's core contracted over the quarter, but were still higher from earlier in the year, according to the Savills report.

The bond program will provide funding for projects such as ADA accessibility, major building renovations and new construction projects.