NEWS

A transportation company has signed a full-building, 160,000-square-foot lease at a Union Township industrial building, according to brokers involved in the deal. In a news release, Bussel Realty Corp. said the property at 601 Lehigh Ave. will provide Easton Coach Company LLC with both functional warehouse space and heavy excess outdoor parking. The seven-acre property also has 11,385-square-foot offices, 32,000 square feet of outdoor storage, 16-foot ceilings, multiple tailboards and drive-in doors for loading, BRC…

Commercial real estate is a hugely important sector of the state’s economy. It plays a role in the places we work, the places we shop and — in the case of renters — the places we live. The brokers who help buy and sell these properties are an unheralded and unsung part of our economic ecosystem. The first ROI-NJ list of New Jersey’s Leading CRE Brokers attempts to recognize those who do this important work….

An in-home care provider has taken some 1,800 square feet of office space in Newark, in a newly announced deal by Lee & Associates New Jersey. According to the brokerage team, the lease at 466-470 Bloomfield Ave. places CareFinders Total Care along a main retail corridor. It joins a Santander Bank branch at the 9,000-square-foot, two-story retail and office property, which sits on a half-acre and has 10 on-site parking spaces, with additional street parking…

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In a panel discussion filled with candor, insight and humor, Bill Waxman managed to check every box in a single comment on the state of the industrial real estate market. “I can’t predict the future. I can tell you that we are busy, but I like to compare it to eating soup with a fork,” Waxman, a broker and vice chairman with Cushman & Wakefield, said Monday night, drawing a roar of laughter from the…

  PREVIEW FLIPBOOK HERE: March 2023 (flippingbook.com)

A private investor has purchased a 20,000-square-foot industrial building in Clifton, in a newly announced deal by Lee & Associates New Jersey. Josh Krantz, a senior vice president with the brokerage firm, represented Kessler-Schwartz Associates in its disposition of the property at 25 Styertowne Road, which is fully leased to Pereg Gourmet. The trade comes after he recently represented the seller, a multigeneration, multifamily ownership entity based in Wyckoff, in the sale of nearby buildings…

Lee & Associates New Jersey arranged two industrial transactions in Middlesex County, reflecting sustained dealmaking velocity in the regional marketplace, according to a Tuesday announcement. In Piscataway, BlackRock Realty Advisors acquired 330 S. Randolphville Road for $80 million. In South Plainfield, a logistics firm signed a 189,000-square-foot, full-building lease at 602 New Market Ave. Matthew Schnurr of the commercial real estate firm’s Capital Markets team represented BlackRock in its investment acquisition. The nearly 300,000-square-foot South Randolphville Road complex…

A former school building in Jamesburg that now houses more than 26,000 square feet of office space has traded for $4.4 million, in a deal arranged by Lee & Associates New Jersey. According to the firm, an undisclosed nonprofit purchased what’s known as Forsgate Commons at 241 Forsgate Drive. Lee & Associates New Jersey’s Beth Chezmar represented the seller of the 26,295-square-foot property, while Dan De Palma of North American Realty represented the purchaser. “The…