New Jersey

The REIT has renewed its 400,000 square-foot-lease with Perishing, LLC, a subsidiary of The Bank of New York Mellon, at 95 Columbus in Jersey City.

In its settlement agreement, Wells Fargo does not admit liability and throughout the litigation process vigorously denied the allegations.

Dallas-based Crow Holdings Industrial reports that in addition to this property, the firm currently has a five-million-square-foot development pipeline less than 18 months after commencing regional operations.

"Over the past two years, our Administration has turned the page on a system where political connections and closed-door deals took precedence over the need to grow our economy and provide a sound return on investment for our taxpayers," said Gov. Murphy.

The agreement puts the two health care institutions on a path toward reaching a Definitive Agreement, which they expect to reach within the coming months. The LOI follows a Request for Proposal released by Saint Peter's in October 2018 that it was considering a strategic partner.

New York City-based Square Mile Capital Management provided the $200 million in financing to joint venture partners Somerset Development Group and Adarsan Holdings for the redeveloped former Bell Labs scientific research center.