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ENGLEWOOD CLIFFS, NJ-The REIT is paying $70.5 million for the three-story asset, which is fully occupied under a long-term lease by Citicorp for use as an operations center.
PENNSVILLE, NJ-Owner Pennsville Business Center LLC has the asset, as well as up to 40 acres of excess land, on the market either for sale or lease. The building includes 14,540 sf of office space.
MONTCLAIR, NJ-The transactions, involving two new tenants and two renewals, come at the company's Central Park Corporate Campus, which straddles this city's border with Bloomfield.
SECAUCUS, NJ- Most of that space was taken up by Bank of America, which expanded by more than 10,000 sf and now occupies just over 57,000 sf at 300 Harmon Meadow Blvd.
PARSIPPANY, NJ-The transactions, arranged by the local office of the Teaneck, NJ-based brokerage firm, range from a 32,000-sf office building sale to a 38,000-sf industrial lease.
TRENTON, NJ-An icon for Gov. James McGreevey's anti-sprawl agenda, the multi-colored development map is back in the shop for retooling in the wake of withering criticism.
TRENTON, NJ-Alfred Koeppe, president and COO of PSE&G, is Gov. James McGreevey's choice to lead the authority, whose last chairman moved over to the Port Authority of NY/NJ.
CARTERET, NJ-An RFP for redevelopment of a 166-acre waterfront site has resulted in three formal proposals with price tags starting at $500M and go all the way up to $1B.
CHERRY HILL, NJ-In an expansion move, residential mortgage lender Nations Home Mortgage Corp. will open a new regional office in the 300,000-sf Brandywine Realty Trust asset.
BROWNS MILLS, NJ-The 83,000-sf Pine Grove Shopping Center moves into the REIT's portfolio from that of its developer, J. Loew & Associates, which opened it just last year.