New Jersey

The distribution facility will be situated on 15 acres within the Northern NJ Industrial market, one of the top industrial markets in the nation.

For investors that are local to New Jersey, the Angel Investor Tax Credit Program helps emphasize community investment, job creation and economic vitality at home, says Ken Schapiro of Backend Benchmarking.

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

“Funding for infrastructure and redevelopment and the explosive growth of e-commerce are just some of the factors that continue to impact the commercial real estate industry,” says Michael McGuinness, CEO of the New Jersey Chapter of NAIOP.

“This best-in-market, headquarters-quality property offers in-place, financeable cash flow combined with upside via lease-up,” says Cushman & Wakefield's David Bernhaut.

The refinancing will enable Denholtz to complete an extensive renovation plan throughout the portfolio that includes replacing all parking areas and roofs, as well as facade repairs to each building.

A roundup of recent deals, leases, executive moves, and other news from the past week.

For the first time in recent history, the vacancy rate for northern and central New Jersey's industrial market ended the year below four percent at 3.7 percent.