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The 184,643 square-foot complex is presently 94% leased to a 38-tenant roster and has recently benefitted from common area upgrades and building improvements totaling nearly $5 million, according to Newmark Knight Frank.
Aside from sweeping rent regulation changes this past June. Another seismic change with respect to residential rental laws and regulation rules could well be on the way: "Good cause eviction."
Nevins, who will be the first woman to serve in the position in the PIDC's 60-year history, will take on the new post on Jan. 27 and will replace current PIDC president John Grady.
"We are gravitating towards certain markets because they forecast long-term population growth and there is an availability of affordable housing units to buy."
Intuitive Health has chosen medical office development firms Rendina Healthcare Real Estate of Jupiter, FL and Anchor Health Properties to develop Intuitive's pipeline of healthcare properties on a build-to-suit basis.
Leases measured by decades, taken by creditworthy tenants with juicy expansion options. What could be better for retail investors wary about the uncertainties…
The Cherry Hill Road complex totals 191,249 square feet of office space and sits at the crossroads of Interstates 80 and 287, as well as Routes 46 and 202.
The deal is contingent on New York City-based SJP Properties and Scotto Properties of Morristown securing full municipal approvals for the mixed-use project that will feature two headquarters Class A buildings.