Top Stories in New Jersey Commercial Real Estate
Prologis is set to build a new 540,000-square-foot distribution center in Elizabeth as part of a recently signed lease with a major wine and spirits distributor based in the state.
Quest Diagnostics and Ralph Lauren could be among the newest tenants at the former Hoffmann-LaRoche campus in Clifton and Nutley, now known as ON3, following the approval of $88 million in tax credits to support more than 500,000 square feet of activity at the site.
State officials have approved a 10-year, $31.5 million tax credit to encourage Mars Wrigley to move more than 480 employees to Newark, where it would lease 110,000 square feet at a historic warehouse that is being redeveloped by Edison Properties.
Investors have paid a combined $89 million for nearly 900 garden apartments in southern New Jersey, under three separate transactions announced this week by Gebroe-Hammer Associates.
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