New Jersey

Raytheon signed a seven-year lease deal for approximately 134,000 square feet at the recently redesigned 706,000-square-foot complex that previously housed Wang Laboratories.

Mack-Cali says it intends to ask MaryAnne Gilmartin and Frederic Cumenal to join the Board immediately following the company's Annual Meeting on June 12.

The new leases, include the Heart House taking 9,450 square feet, Jefferson Health securing 7,700 square feet and AdvoCare committing to 3,100 square feet, which collectively bring the property to full occupancy.

An aging housing stock, costly construction and the need for affordable housing will keep pointing investments to renovations and repositionings says Nate Kline, CIO of OneWall Partners.

Upon the closing of the deal, which is expected in the third and fourth quarter of this year, RoundPoint will become a wholly-owned subsidiary of Freedom Mortgage.

“Since Borgata arrived in the market more than 15 years ago, we have maintained a steadfast dedication to property growth and development, and we believe our new concepts confirm our position,” says Marcus Glover, resident and COO for Borgata Hotel Casino & Spa.

“Tenants occupying this market are typically looking for facilities with good functionality in a strategic location, proximate to the major transportation arteries, the ports, Newark Liberty International Airport, and New York City. 1416 East Linden checks all the boxes…,” says Bussel Realty SVP Jordan Metz.

The former prison site is a prime location for new commercial or mixed-use development, state officials note.