Industrial

The merger if finalized would strengthen ConnectOne’s scale and competitive position in the New York metro market and as one of New Jersey’s largest independent banks. Bancorp of New Jersey will add approximately $800 million of deposits and loans to ConnectOne.

The Rebuild Illinois initiative, passed and signed into law in June 2019, dedicates $400 million to partnering with Internet service providers to build 21st century infrastructure connecting communities across the state to high-speed Internet.

The Commerce industrial property has an 85,000 square foot industrial facility on the property.

DFW Airfield Logistics Center will feature a 145,878-square-foot rear-load building and a 210,640-square-foot front-load building, 28- to 32-foot clear heights, 84 total doors, 110 trailer spaces and 407 auto spaces.

Both Nalbandian and Swidler come to Lee & Associates from NAI CIR, a brokerage firm founded by Nalbandian in 1970. While at NAI CIR, Nalbandian was a mentor to John Van Buskirk, SIOR, the co-founder of Lee & Associates of eastern Pennsylvania.

Among the new transactions was the new lease with Hazen and Sawyer, D.P.C., for 8,635 square feet, as well as a renewal and expansion for Barbara J. Prasse, P.A. for 2,416 square feet and a renewal with American Mortgage Services for 2,236 square feet.

The deal, reported by Cushman & Wakefield, will allow Marble of the World, a division of The Stone Collection, LLC, to have the new Broward County facility join the firm’s American Society of Interior Designers award-winning showrooms in Arizona, Texas, Utah and Florida.

Rents in the San Gabriel Valley are up nearly 17% year-over-year to $0.84 per square foot.