The portfolio, located in the Meadowlands, is primarily comprised of single-tenanted and multi-tenanted shallow bay industrial warehouses ranging between 16,000 and 78,000 square feet in size. Fully leased at acquisition, it is home to a diverse mix of tenants ranging from multi-national corporations to regional and local companies.
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Latest Headlines
Bed Bath completes sale of Cost Plus World Market
The Union-based firm's recent sale is its last in a process to streamline its portfolio and focus on core businesses.
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New Brunswick pallet manufacturer opens Maryland manufacturing facility
Greenway Products & Services opened its third manufacturing plant this week, this one in Baltimore, within a night's drive of one-third of the country's population.
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Rubenstein Mortgage Capital provides $57M loan for Morris Plains office building
The initial loan funding provided a portion of the acquisition cost, enabling the borrower, an affiliate of Argent Ventures, to acquire the property from Honeywell International.
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CBRE arranges sale of former Presbyterian church in Passaic for $750K
The 12,790-square-foot two-story house of worship can accommodate up to 400 people in the main sanctuary and balcony. The lower level contains meeting rooms, offices and a full industrial kitchen.
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Kay Commercial Realty selected to market 11,000SF office in Verona
The space includes private units, working fireplaces, conference rooms equipped with skylights, custom shelving, a full law library, working kitchen and numerous other amenities.
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Lee & Associates New Jersey arranges sale for 80,000-SF industrial property in Roselle Park
The property was sold for $4.65 million and will include multiple tenants. Currently, the location is fully leased and features two large recessed loading docks and approximately 200-feet of frontage along the Interstate 28 corridor.
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EDA rolls out $15M electric truck rebate program
The pilot program is meant to help cover the costs for Camden and Newark businesses to buy and use electric trucks and aims to start the process of slowly weaning diesel-powered trucks off of the state’s roads.
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WCRE secures industrial building in Vineland to city’s Municipal Utilities Division
This extremely well-maintained 32,000-square-foot property consists of executive suites and warehouse space which will serve as storage, workshop and office space for the electric utilities generation unit.
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Camber Real Estate acquires 1.24M SF portfolio in Southern New Jersey and Southeastern Pennsylvania
The acquisition is comprised of a mix of distribution buildings and multitenant infill light-industrial properties, which remain a central focus of the Clifton-based company's investment strategy moving into 2021.
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HCCC launches upskilling initiative with $850K investment from JPMorgan Chase
The funds will be used to facilitate the Gateway to Innovation initiative, which was developed to provide short-term, upskilling credential attainment opportunities in technology, finance and other recession-resistant sectors that will lead to resilient career pathways.
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Geo-Technology Associates taps new president, two new VPs
The Somerset-based firm elevated David Zmijewski to president, and Richard Lake and David Garbarino have been promoted to vice president.
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