New Jersey

Cushman & Wakefield brokered the trade of the newly constructed, fully leased property.

Jeff Schotz has been involved in the leasing of more than 30 million square feet to many of the world's premier corporations, including Microsoft, CBS, Pepsi-Cola, Mutual of New York, JP Morgan Chase, Citicorp, Linde, British Telecom, Newell Brands and Ernst & Young.

The 21st Century Redevelopment Program will launch as a pilot program with a total of $250,000 in funding available in the form of grants of up to $50,000 per recipient.

Russo will redevelop the "Bat Factory" property—which has sat idle for more than three decades–as the second phase of its Vermella West project.

Plainfield's multifamily submarket is appreciating at a tremendous pace, says Gebroe-Hammer's Adam Zweibel.

Colliers International experts say what's next for the highway that services the largest population concentration in the country.

"Pad sites continue to experience a strong investor demand because of their location, access, visibility, and customer base,” says Marcus & Millichap's Mark Krantz.

"We continue to see investor interest in high quality and well-located industrial assets throughout the state," HFF's José Cruz says.