Seeking to expand its presence in the Tri-State area, the company offers turnkey spaces to small and growing businesses.
NAI Fennelly, which represented seller Shima Seiki in the sale of the 27,863-square-foot property to Aplomb Technologies, announced the transaction on Feb. 8.
According to The Marketing Directors President Jacqueline Urgo, the velocity at the Powerhouse Arts District-located property "is at pre-COVID levels as residents are clamoring for an elevated lifestyle experience in a dynamic, well-connected neighborhood.”
According to Marcus & Millichap, which arranged the sale, the 8,700-square-foot property was renovated in 2019.
Among her noteworthy deals, Marta Person Villa was responsible for the sale of an 11-acre Wall Township site to Mega Holdings LLC, which was developed into a 60,000-square-foot grocery-anchored center on Route 35.
Coldwell Banker Commercial represented the seller in the disposition of a core asset multi-tenant building at 400 Sylvan Ave.
“25 Lindsley Drive offered investors the opportunity to procure an office property with true value-add potential,” said Cushman & Wakefield's Andy Schwartz, who was part of the team that represented the seller in the tranasaction.
The DIGroup Architecture president discusses the business, the state of the market, his outlook for 2022 and some of the persistent challenges faced by minority-owned firms.
New Jersey’s industrial market is hot. With vacancy and availability rates low, rents are going up and space is still in demand.
Lawmakers and the Murphy administration are considering a series of moves that could revitalize the recycling business.
DIGroup Architecture traces its roots to a group of small firms that banded together to work on school projects at a time when such work was mainly handled by larger competitors.
Sanofi’s North American headquarters was sold to California investment firm AVG Buyers for $260.65 million, CBRE announced Jan. 24. The transaction was New Jersey’s largest deal announced last month.