The facility in Channahon will employ approximately 500 new full-time workers. The Seattle-based e-commerce giant currently has a workforce of approximately 11,000 in Illinois.

Klaviyo becomes the largest tenant at the 495,000-square-foot boutique office building that occupies a full block adjacent to Dewey Square.

According to a report released by Cushman & Wakefield, third-quarter leasing activity totaled 25.9 million square feet, nearly half of which was concentrated in the Interstate 55 and Interstate 80 corridors, as well as southeast Wisconsin.

Tritton, a 30-year retail executive, will replace interim Bed Bath & Beyond CEO Mary Winston effective Nov.4. He will also serve on the company's Board of Directors.

The property, in the supply constrained Short Hills area multifamily market, was sold by Madison Hill Properties of Passaic, NJ.

Earlier this year, Hackensack, NJ-based Alfred Sanzari Enterprises sold two garden-style apartment communities—Riverside Terrace in Bogota, NJ to the Tournambe Family and Queen Anne in Hackensack, N.J. to JC Realty—to leverage the successful 1031 exchange.

JMF Properties recently staged a ribbon cutting for the 212-unit development at 1400 South Ave., located between the Netherwood and Fanwood train stations on the Raritan Valley train line.

Purchased in 1992 by a private investment group, the building is currently listed on the National Register of Historic Places and has operated as a boutique hotel and short-term rental for more than 90 years.