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Commercial brokerage firm CBRE reports that the firm, which specializes in commerce fulfillment, omni-channel distribution and reverse logistics, has committed to an industrial lease of 249,853 square feet at the property.
Indian Stream plans to open an Indian grocery store at the property that is located in the heart of Morris County's rapidly growing Asian community. The building is near Interstates 80 and 287 along one of Morris County's most heavily traveled retail corridors.
Some 80% of apartment residents say they visited a property website before renting and most Millennials are laser-focused on location, amenities, lifestyle, pricing and ease of doing business.
Rockefeller Group, a national owner and developer of real estate, has topped out its first luxury residential tower called the Rose Hill located at 30 E29th Street in the NoMad submarket.
WeWork may have disrupted the coworking sector, but smaller and local coworking spaces are catching up, according to a new survey from Clutch, a ratings and reviews platform.
In LIC and Greenpoint, New York City-based real estate investor Caerus Group has secured a $30.5 million fixed-rate loan from national real estate lender Argentic on a 65,000-square-foot office portfolio.
Fiumara's promotion marks just the third time that a CBRE sales professional in the greater Philadelphia region and New Jersey region has achieved the vice chairman status.
Freddie Mac provided $50.775-million in financing for the buyers—Cantor Fitzgerald and operating partner BH Equities, according to NKF's Multifamily Capital Markets group.