Northern New Jersey Commercial Real Estate News recent headlinesUnited Water Leases 116,000 SF at Mack-Cali Centre VI in NJ
Sustainable water and wastewater management solutions provider United Water Management & Services, Inc. has signed a 20-year, 116,360-square-foot office lease at Mack-Cali Centre VI in Paramus, NJ.
Located at 461 From Rd. in the heart of Bergen County, the five-story, 265,772-square-foot, 4-Star office building
was constructed in 1988 on 12.5 acres in the Route 4/17 submarket. It features an on-site cafeteria, security, and area amenities.
The...Hobby Lobby to Open Two New Locations in New Jersey
Retail tenant Hobby Lobby has leased 42,000 square feet of retail space
in Lawrenceville, NJ. The strip center at 3360 Brunswick Pike is centrally located near other national tenants including Sports Authority.
In addition to the 42,000 square feet at this location, Hobby Lobby leased an additional 50,000 square feet on Route 46 in Totowa Square in Totowa, NJ. Neighboring tenants there include Toys R’ Us and Applebee’s.
Chuck Lanyard and...Staples Leases 14,000 SF at North Village Shopping Center
Office supply retailer Staples has signed a 14,000-square-foot lease at the North Village Shopping Center, located at 975 US Hwy 1 in North Brunswick, NJ.
Staples will be joining anchor tenants, Bed Bath & Beyond, Barnes & Noble, Michael’s, and Easter Mountain Sports, amongst various restaurants. This lease brings the shopping center’s retail occupancy to 100 percent. The 127,520-square-foot center was built in 1969 on 11 acres in MIddlesex County...Crumbs To Close Multiple Locations; Seeks Sale of Company
Crumbs Bake Shop Inc., a New York based cupcake specialty store chain, filed for bankruptcy reorganization and has the to approve a Court-supervised auction process.
“After carefully evaluating opportunities to strengthen Crumbs’ financial position, we continue to believe that pursuing a sale transaction through this process will ensure a strong future for the Crumbs brand and business,” said said Edward M. Slezak, Crumbs CEO and general counsel...CoStar's People of Note (July 13 - 19)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Seattle, Chicago, Houston, New York City, Washington DC, Los Angeles, San Francisco, Dallas, Memphis, Atlanta, Northern New Jersey, and Orlando.
Taylor Named Global COO at Colliers Int'l
By Justin Sumner
ColliRKF Promotes Two in New Jersey
RKF, a leading independent real estate firm in retail leasing, investment sales and consulting services, announced two promotions in its New Jersey office. Industry veteran Glenn Beyer has been promoted from managing director to senior managing director, while Conor O'Hara was promoted from canvasser to associate.
Beyer joined RKF five years ago, representing several prominent landlords in the Northern New Jersey marketplace including Toll Brothers...Market Trend: Northern New Jersey Office Vacancy Trickles Down to 14.4%
The Northern New Jersey Office market ended the second quarter 2014 with a vacancy rate of 14.4%.
The vacancy rate was down over the previous quarter, with net absorption totaling positive 1,195,332 square feet in the second quarter. That compares to positive 295,886 square feet in the first quarter 2014. Vacant sublease space increased in the quarter, ending the quarter at 1,801,302 square feet.
Tenants moving into large blocks of space...Ivy Realty Svcs Sells Princeton Office for $64M
American Realty Capital Global Trust, Inc. has closed on its $63.58 million acquisition of the office building
at 100 College Rd. W in Princeton, NJ. Ivy Realty Services LLC sold the Forrestal Greene Corporate Park building at almost $413 per square foot.
The three-story, 154,101-square-foot office building was constructed in 2000 on 16.8 acres in the Princeton North submarket of Middlesex County, in Plainsboro Township. The building features...Novadebt Acquires New HQ Bldg for $6.9M
Novadebt, a non-profit nationwide personal finance counseling organization, purchased the office building
at 200 Rte 9 N. in Manalapan, NJ from a private investor for $6.85 million, or about $114 per square foot.
Located in the Western Monmouth County submarket, the 60,207-square-foot office building is the second building in the Justin Corporate Center, and was constructed in 1986. The property will become the new headquarters for Novadebt in...Mack-Cali Sells Sole Rockland County Asset
Exclusive Management acquired the office building
at 400 Rella Blvd. in Montebello, NY for $30.76 million, or about $159 per square foot, from Mack-Cali Realty Corporation, marking the seller's exit from Rockland County.
The three-story, 195,375-square-foot, 4-Star office building was constructed in 1988 on 13 acres in the Ramapo submarket of Northern New Jersey. At the time of sale, the property was 76 percent leased.
Mitchell E. Hersh,...Great American Ins Co Leases 10,000 SF
Great American Insurance Group leased 10,000 square feet at 50 Parsippany Rd. in Parsippany, NJ.
The three-story, 50,535-square-foot office building
was constructed in 2006 on four acres int he Parsippany submarket of Morris County. The deal brings the asset to fully leased, coming on the heels of recent leases there with Ellie Mae and Nicholas Pascarella & Co., Inc.
Jon Williams and William Brown with Cushman & Wakefield of New Jersey, Inc...Glimcher Names VP of Development
Glimcher Realty Trust (NYSE: GRT), a Columbus, OH-based retail real estate investment trust, tapped Kenneth Marshall as its vice president of development.
In his new position, Marshall will help cultivate Glimcher's development strategy through his contributions to the leadership and implementation of redevelopment projects within the company's portfolio.
A 25-year industry veteran, Marshall comes to Glimcher from Colonial Properties Trust...Columbia Property Tr Sells Office Bldg for $10.2M
Automatic Switch Company, a Florham Park-based power transfer switch manufacturer, purchased the office building
at 160 Park Ave. in Florham Park, NJ from Columbia Property Trust, an Altanta-based private REIT, for $10.2 million, or about $41 per square foot.
The 250,589-sqaure-foot office building is located within the 268-acre, master-planned Rockefeller Group Corporate Park development on the site of the former ExxonMobil Research Center. The...
LB Commercial Realty News & Articles
Moves to a larger facility:
Read more about LB Commercial real estate recent
relocation to a larger facility located in Closter, NJ.
Press Release June
2008: This release is information about how LB Commercial was named
exclusive leasing brokers of Rockleigh
Corporate Center, one of the most prestigious towns of New Jersey.
NJBIZ Top 50 NJ 2006:
New Jersey's top real estate brokerage companies in 2006.
2006-2007: This newsletter published in 2006, pertains to the approach
LB Commercial will take for the future of New Jersey's real estate market.
Top 50 Commercial
Award: NJ Biz magazine announces LB Commercial Real Estate as a top
Commercial Real Estate brokerage company in 2006
Real Estate: Press release from The Record published in 2007
pertaining to the industrial real estate reversing the 2nd quarter slide.
Record Article Jan 2008: Press release from The Record
published in 2008 covering the history and recent achievements of LB Commercial
Bergen Record Article:
Press release from The Record published in 2007 reviewing the
history and an in depth perspective of of LB Commercial Real Estate.
5 Reasons The Economy Might Recover Faster Than You Think - MSN Money -
Article pertaining to how the financial outlook of 2009 might improve faster
than elected officials proclaim.
Repex Investments December
2008 Report: Information regarding weekly Dow Jones, NYSE and Standard
and Poor 500 index reports for December 29, 2008.