Northern New Jersey Commercial Real Estate News recent headlinesMaersk Sells 2 Giralda Farms in New Jersey for $53.3M (UPDATE)
American Realty Capital Global Trust, Inc. has closed on its acquisition of 2 Giralda Farms in Madison, NJ. Maersk, Inc. sold the trophy-class office asset for $53.3 million, or about $364 per square foot.
The three-story, 146,366-square-foot office property was constructed in 2000 as a built-to-suit for the North American headquarters of Maersk. It sits on 20.6 acres in the Morristown Region submarket of Northern New Jersey, part of the 310...Financial Backing Obtained for Industrial Development
The Hampshire Companies, headquartered in Morristown, NJ, has partnered with an institutional investor on a 460,000-square-foot industrial project now under construction at 50 Bryla St. in Carteret, NJ.
The influx of financial support from an institutional investor allows the joint venture to collaborate on the nearly 500,000-square-foot project dubbed PortSouth Bryla, in Middlesex County. The project will deliver class-A industrial space
in the...Seagis Property Group Invests in Carteret Submarket
A pair of industrial properties at 600 Blair Road and 100 Milik St. transferred from USLR LP to Seagis Property Group LP. The sales price was not disclosed.
Seagis Property Group is a major owner of industrial property in South Florida, New Jersey and New York with industrial assets of 9 million square feet. The company is based in Philadelphia.
The sale of the properties represents 288,912 square feet of industrial space
transferring hands, of...New Lee & Associates CEO Jeff Rinkov Putting Firm's New Strategic Plan Into Play
Jeffrey M. Rinkov has been with Lee & Associates since 1995 and served in executive roles for nearly a decade, a period in which it has expanded from largely a Southern California-focused brokerage to a full-service real estate provider with an increasingly national reach.
As Lee & Associates announces its 50th office today, entering the Ohio market in Cleveland, one of the Buckeye State's largest metro areas, Rinkov has assumed the Los Angeles...Market Trend: Northern New Jersey Industrial Deliveries, Construction and Inventory
During the second quarter 2014, three industrial buildings totaling 1,122,500 square feet were completed in the Northern New Jersey market area. This compares to four buildings totaling 1,093,208 square feet that were completed in the first quarter 2014.
There was 5,913,845 square feet of Industrial space
under construction at the end of the second quarter 2014.
Some of the notable 2014 deliveries include: The Amazon Project, a 1,039,500-square...Sony Music Signs 39,000-SF Lease at Meadows Office Complex
Sony Music is the latest tenant to sign a long-term lease at The Meadows Office Complex I at 301 SR 17 N. in Rutherford, NJ. The company will be occupying 39,200 square feet, relocating from its current offices in Lyndhurst.
The 12-story, 295,000-square-foot office building
was constructed in 1981 in the Meadowlands submarket of Bergen County.
Over the past 15 months, the landlord has signed several new tenants at Meadows I and II totaling...Iacobucci Joins Woodmont Industrial Partners
David Iacobucci joined Woodmont Industrial Partners (WIP) as a managing director in the firm's Fairfield, NJ office.
In his new role, Iacobucci will manage daily tasks and be responsible for expanding WIP's seaport and inland port warehouse distribution facilities by obtaining and closing new investments.
Iacobucci was previously at Baker Properties, where he managed and increased the company's New Jersey and Eastern Pennsylvania industrial...Sky Zone Indoor Trampoline Park Jumping Into Seaview Square Mall
Sky Zone Indoor Trampoline Park has leased 34,753 square feet at Seaview Square Mall, located at 2351 Route 66 in Ocean, NJ.
The newly signed deal means that Sky Zone will be providing patrons with trampoline work outs, space to jump, and more as of Fall 2014, following build-out that is currently underway.
Sky Zone’s new location is a 158,767-square-foot retail building on 22.7 acres in the Eastern Monmouth County submarket, part of the 973...
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.