Tag Archive
CBRE announced that Jonathan Meisel has joined the firm as a senior vice president in its central New Jersey office. Meisel brings close to 30 years of New Jersey commercial real estate experience to CBRE, having held senior-level positions at both JLL and Cushman & Wakefield.
“We are thrilled that Jon has chosen to join our...
Read More ›
Cushman & Wakefield, Inc. announced that it served as the exclusive advisor to a joint partnership between Camber Real Estate Partners and Advance Realty, in arranging $15.34 million of financing secured by 1200 Madison Avenue (the “Property”) located in Paterson. The financing was provided by First Bank.
1200 Madison is a...
Read More ›
SKIDATA opened its new, 11,500-square-foot US headquarters office at Albany Street Plaza in New Brunswick. Commercial real estate services firm Cushman & Wakefield headed the site search and the project management for the global access solutions and visitor management organization.
SKIDATA relocated to the Class A property at 120...
Read More ›
Holliday Fenoglio Fowler, L.P. (HFF) has secured $14.9 million in financing for a 368,537-square-foot, rail-served warehouse distribution building and adjacent 16-acre development site located at 83 Stults Road in South Brunswick.
HFF worked on behalf of the borrower, a partnership between EverWest Real Estate Partners, LLC and...
Read More ›
CBRE announced Eric Wagner has been promoted to leader of the New Jersey project management team.
“Eric’s talents, expertise and capabilities will enable him to support the team in delivering project management services in an extremely competitive environment,” said Frank Alvarado, senior managing director, CBRE. “His...
Read More ›
5 Garret Mountain Plaza in Woodland Park is set for renovations. The 101,880-square-foot property – located via Exit 56 situated at the four-way interchange of I-80 – is part of a three-building, 30-acre campus that is owned by affiliates of Mountain Development Corp. (MDC).
The free-standing Class A building is slated to undergo...
Read More ›
CBRE Group, Inc. announced that Jeffrey Dunne and Jeremy Neuer of CBRE Institutional Properties in collaboration with Patrick Arangio and Jack Howard of CBRE National Loan & Portfolio Sale Advisors and Nick Savage of CBRE’s Advisory & Transaction Services represented a special servicer in the sale of 4 Becker Farm Road,...
Read More ›
Renewed interest in New Jersey’s suburban office properties, combined with consistently strong leasing activity downtown, has pushed average asking rents for office space to $26.42 per square foot, according to Transwestern’s Second-Quarter 2017 Office Market Report. Nearly $2 higher than it was just five years ago, the figure...
Read More ›
Floor & Décor leases a 62,500-square-foot, freestanding building in Paramus that was formerly occupied by Sports Authority. The Goldstein Group has placed the company at the location.
Floor & Décor, founded in 2000, is a provider of high quality flooring and tile at affordable prices. They currently have over 70 locations...
Read More ›
E-commerce companies and demand for warehouses that rapidly filled spec buildings drove industrial activity with the central New Jersey market recording its second highest absorption ever as the northern and central New Jersey office markets rebounded from a slow first quarter, according to Colliers International Group Inc. The global...
Read More ›
Nearly any business can find benefits to outsourcing its mission critical data to a third-party data center infrastructure management (DCIM) solution – including better utility rates; 24/7 uptime agreements; offloaded site real estate; operational vs. capital expense; quick disaster recovery; and moving back from data maintenance to a...
Read More ›
While the future of brick-and-mortar retailers is decidedly uncertain, undesirable locations are likely to suffer as the market transforms, while well-located properties that can attract “experiential” retailers will thrive.
This was one of the key takeaways shared by industry experts at NAIOP New Jersey’s June 6 chapter...
Read More ›
Prism Capital Partners has sold 339 Jefferson Road in Parsippany to Mane USA. A worldwide leader in the fragrance and flavor industry, the French company will relocate its U.S. headquarters to the Class A office property from Wayne as owner/occupier.
Prism’s in-house construction team currently is fitting out Mane USA’s...
Read More ›
Colliers International Group Inc. has brokered a long-term lease renewal to secure French’s Food Company, a Reckitt Benckiser Group brand, as the sole tenant at 2-4 Mill Ridge Lane in Chester. The 32,000-square-foot building serves as the company’s global headquarters.
“The property’s owner, VEREIT, Inc., retained us for this...
Read More ›
Charles J. Hatfield, a leading New Jersey office real estate executive who represents clients globally as well as throughout the U.S., has joined Colliers International Group Inc., David A. Simon, SIOR, executive managing director, announced. Hatfield will focus primarily on tenant representation and agency leasing and will be based in...
Read More ›