Terreno Realty Corp. has sold an 86,000-square-foot industrial building in the Somerset section of Franklin for $25 million, nearly tripling the price it paid for the property in 2016.

As one of America’s original 13 colonies, New Jersey has a rich and historic past. This includes former industrial properties or commerce centers in urban areas, more recently developed office parks in the suburbs and older office buildings — many of which largely stand empty — in central business districts. These vacant relics — together and individually — can be transformed into new, vibrant centers for live, work and play.

Don't miss your chance to share your insights and forecasts in our January issue alongside New Jersey’s top real estate professionals.

Real Estate NJ is your chance to reach developers, investors, contractors or any of the countless professionals who service this booming industry. Our goal is to provide timely, must-read content online and in print, so whether you’re a builder, broker, banker or attorney, we provide the platform and the audience that will help you spread your message to your peers, generate new business and raise visibility in a highly competitive market.