New Jersey

Brides by Young, which has locations in Indianapolis and Schaumburg, IL, has signed a lease for 5,650 square feet at Liberty Plaza in Rochelle Park.

The contract award with joint venture partners Byrd Retail Group of New York City, includes more than 7,500 square feet of expanded retail space inside Newark International Airport.

The board also authorized $2.05 billion to develop a new AirTrain Newark to serve Newark Liberty International Airport. The new AirTrain would replace the existing three-mile monorail system that opened in 1996.

The new owner plans to undertake a $20-million capital improvement program at the property that consists of 26 three-story apartment buildings spread out over 10 acres.

As part of the transaction Prologis plans to sell $3.5 billion of assets including $2.8 billion of non-strategic logistics properties and $700 million of office properties.

The project at 100 Ridge Road was a former Union Carbide operated site for nearly 80 years and employed thousands of employees at its pinnacle.

Bed, Bath & Beyond appears to be making a strategic play to maximize efficiency to adapt to the new retail landscape.

The "Steel Topping Out" ceremony featured the placement of the final exterior steel beam atop the 1-million-square-foot frame of the brand-new terminal at Newark Liberty International Airport.