New Jersey Commercial Real Estate News
59 Oak Street Goes to Private Investor
A local private investor has purchased 59 Oak Street in Hackensack from The Hampshire Companies. ...
Morristown’s Headquarters Plaza Sees 75,000 SF of Leases in 1Q 2012
More than 75,000 sq. ft. of office space has been leased at Headquarters Plaza in Morristown in the first quarter of 2012, reports Cushman & Wakefield of New Jersey....
2-Germak Drive in Carteret Snapped Up by A.J. Richard & Sons
A.J. Richard & Sons Inc. has purchased 2-Germak Drive in Carteret from The Hampshire Companies....
Bergman Earns EnergyStar Certification at Buildings Throughout N.J. Portfolio
Bergman Real Estate Group, a privately owned real estate investment firm that owns and manages office properties throughout New Jersey, announced that three buildings in its portfolios have, for the first time, earned U.S. Environmental Protection Agency’s (EPA) EnergyStar certification. The designation signifies that the buildings meet the high energy-efficiency performance levels set by the EPA, and perform in the top 25 percent of commercial buildings nationwide....
South Village Apartments Gets New Ownership
Sherman Oaks-based GHC Housing Partners, along with its property management company affiliate, PK Management LLC, has purchased the South Village Apartments in Trenton....
630,000SF University Medical Center of Princeton at Plainsboro Open for Business
University Medical Center of Princeton at Plainsboro (UMCPP) is open for business. Located off of Route 1, UMCPP is the cornerstone of a 171-acre healthcare campus in Plainsboro Township. The hospital design was led by Hellmuth, Obata & Kassabaum and RMJM Hillier. In total, the hospital cost approximately $447 million to construct. ...
Walgreens Commits to Old Bridge Location
Walgreens has agreed to build a 12,705-sq.-ft. freestanding store in Old Bridge....
N.J. Sawmill Looks to the Sun to Save on Energy Bills
Solis Partners has completed the installation of 243-kilowatt solar photovoltaic (PV) system at Riephoff Sawmill in Upper Freehold. ...
Onyx Equities Acquires Livingston Town Center
Onyx Equities LLC, a private real estate investment, development and management firm, has closed on the acquisition of a retail center in Livingston through its Phalanx Fund II....
Cushman & Wakefield’s Gil Medina to be Honored by March of Dimes
The New Jersey March of Dimes will honor Cushman & Wakefield of N.J. Inc.’s Executive Managing Director Gil Medina for his ongoing support of the mission of March of Dimes....
Dollar Tree Inks Lease at Crosspointe Town Square in Woodbridge
Dollar Tree has signed an 11,000-sq.-ft. lease at Crosspointe Town Square in Woodbridge....
Cassidy Turley Releases N.J. Office Market Report for 1Q 2012
Cassidy Turley recently released its first quarter Office Market Report. In the report, the commercial real estate services provider states that recent employment data may be good news for the New Jersey office market. ...
Onyx Equities Acquires Retail Center in Whitestone, N.Y.
Onyx Equities LLC, a Woodbridge-based private real estate investment and property management firm, has closed on the acquisition of a retail center through its Phalanx Fund II in Whitestone, N.Y. The center is anchored by a grocery store. ...
Perryville Corporate Center Gets Two New Tenants
Crown Properties has inked two new leases totaling approximately 25,000 sq. ft. at its Perryville Corporate Center in Clinton. Both tenants are relocating their headquarters to the 280,000-sq.-ft., Class A site....
Joint Venture Sets Its Sites on Industrial Acquisitions in NYC, NJ and Chicago
Jones Lang LaSalle’s Capital Markets and Industrial Services has arranged a programmatic joint venture equity vehicle between Sitex Realty Group (SRG) and State Teachers Retirement System of Ohio (OSTRS), which will seek to acquire more than $140 million of industrial real estate over the next two years....
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