(Our first ever NewJersey Real Estate NetworkingBreakfast takesplace June 5 at The NewarkClub. Clickhere formore information.)
HARRISON, NJ-All 275 units are now leased and occupied at thefirst Harrison Station complex, GregRusso, a principal of IronstateDevelopment, tells GlobeSt.com. Debuting last September asthe first rental project in a planned mixed-use community on 245acres around a PATH Station, the building leased quickly from thestart.
“We were able to stop offering concessions by March, and are nowseeing some decent rent increases,” says Russo. Because the projectwas the first luxury rental building to go up in a rawpost-industrial area where abandoned warehouse buildings stillstand on surrounding streets, a month’s free rent was originallyoffered as enticement.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
