Relocations & Expansions

Brooklyn beverage company expands into North Jersey with building purchase

ROI-NJ Staff | ROI-NJ

A Brooklyn fruit-based beverage company has purchased a Clifton industrial building to boost its manufacturing capacity, according to real estate firm NAI James E. Hanson. 3V Co., which produces and distributes beverages in the New York City metro area, bought the 45,670-square-foot building at 9 Bridewell Place from Challenge Partners LLC, the firm said in a news release. The team of …

Passage Bio Announces Gene Therapy Manufacturing Research and Development Site

Passage Bio | GlobeNewswire

PHILADELPHIA, Dec. 16, 2020 (GLOBE NEWSWIRE) — Passage Bio, Inc. (Nasdaq: PASG), a genetic medicines company focused on developing transformative therapies for rare, monogenic central nervous system (CNS) disorders, today announced that it has entered into a long-term lease to support Chemistry, Manufacturing and Controls (CMC) laboratory operations for the company’s gene therapy programs. The new laboratory, slated to open …

Hitting the Spot

Joyce Fassl | ProFood World

Start early, do your homework, and determine what you can live with or without when searching for a new facility’s location. Leave no stone unturned in uncovering workforce assistance programs, tax and utility incentives, and potential operating costs. You’ve heard the saying a million times, but in the planning stages, manufacturing facility success often comes down to three things—location, location, …

Governor Phil Murphy Announces First Tenants of The Hub in New Brunswick

The Office of the Governor of New Jersey

Project Combines Two Prominent Research Institutes and Two Major Healthcare Networks TRENTON – Governor Phil Murphy today announced Princeton University, Rutgers University, Hackensack Meridian Health and RWJBarnabas Health will be the first tenants of The Hub, a new collaborative site in downtown New Brunswick designed to foster research, entrepreneurship, innovation, and start-up incubation in New Jersey. “This project is a …

M Station, transformative project for Morristown, breaks ground

Tom Bergeron | ROI-NJ

Peter Bronsnick, the New Jersey president for SJP Properties, couldn’t resist as he stood under a tent in a vacant parking lot in Morristown that one day will become M Station, one of the nicest downtown office structures in the state. “I do recognize the irony of Friday the 13th, rain, a pandemic, a hotly contest election — and everything else …

Fidelco, Elberon to build 140K sq. ft. freezer warehouse for FreezPak on Elizabeth/Newark border

Tom Bergeron | ROI-NJ

In what only can be considered a big win for both Elizabeth and Newark — as well as the still-booming industrial sector in the state — Fidelco Realty Group, Elberon Development Group and FreezPak Logistics announced Monday morning that they are breaking ground on a 140,000-square-foot, state-of-the-art freezer warehouse facility on the Elizabeth/Newark border. The project, which will be co-developed by Fidelco and Elberon, …

Pharmaceutical firm takes 55,000 sq. ft. in Ewing, Lee & Associates New Jersey says

Joshua Burd | Real Estate NJ

A pharmaceutical company has leased more than 50,000 square feet of office space in Ewing, under a newly announced transaction by Lee & Associates New Jersey. The tenant, TCG GreenChem Inc., is making its entrance to New Jersey with the commitment at 701 Princeton South Corporate Center, the brokerage team said. The firm will occupy 54,520 square feet under a …

E-commerce user expands by 103,000 sq. ft. at Pennsauken warehouse

Joshua Burd | Real Estate NJ

An e-commerce user is expanding at a Pennsauken warehouse just months after taking occupancy at the property, according to Binswanger Commercial Real Estate Services. The brokerage firm announced Thursday that Utopia Fulfillment is adding 103,275 square feet at 8600 River Road, bringing its total footprint there to 223,275 square feet. The lease restructuring with Velocity Venture Partners comes after the …

The Future of Commercial Real Estate in a COVID-19 World

Jim Pytell | New Jersey Business Magazine

There’s no doubt that COVID-19 will affect the future of commercial real estate in New Jersey, but the question is to what degree? For many of us, the days of commuting into midtown Manhattan or to a New Jersey suburban office park for work seem like a lifetime ago, but what does the digitalization of the workforce mean for companies …

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