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MORRIS TWP., NJ-While nothing is official, a Honeywell executive tells shareholders that most parent company staffers will probably be let go after merger with GE clears its remaining hurdles and is a done deal.
EATONTOWN, NJ-A permanent package has been set for a fully-leased 110,000-sf flex building that recently underwent a complete renovation. A life company provided the money.
MORRISTOWN, NJ-A utility company will lease Amtrak's right-of-way to string fiber optics from New York City to Washington, DC and west to Harrisburg, PA. The 375-mile mainline section will be ready by spring.
BRIDGEWATER, NJ-The Garden State's economy welcomes yet another major transaction by the global pharmaceutical community. German-based Aventis, the result of Hoechst/Rhone-Poulenc merger, solidifies North American operations.
EDISON, NJ-A 105,000-sf property is moved out of the Archon Group's portfolio. Most of the property is occupied by consulting, association and technology-related firms. C&W represented the seller in the deal.
EWING TWP., NJ-Mercer County is prepared to buy up private homes and a number of commercial businesses to pave the way for extending the facility's capacity. Traffic has been steadily increasing at the airport.
CHATHAM, NJ-The new partnership will follow in the footsteps of Wellsford Commercial Properties by buying under-performing properties and repositioning them as class A office buildings. Initial funding is $75 million.
JERSEY CITY-The discount broker bumps its space commitment to 575,000 sf, taking all of Mack-Cali's under-construction Harborside 10 property. Its new lease is for 15 years. This will be its regional headquarters.
MANSFIELD, NJ-The Warren County property that totals more than 200,000 sf, has anchor tenant complement that includes Wal-Mart, A&P and Sears Hardware. Cronheim has arranged the package.
CEDAR KNOLLS, NJ-New owner will refurbish and reposition the former B.F. Goodrich Building for multi-tenants, while a Goodrich division will continue to occupy space. The sale price was not available from the brokers.