FORT LEE, N.J. — Locally based brokerage firm The Goldstein Group has negotiated the $37 million sale of Washington Bridge Plaza, a 47,000-square-foot retail center located in the Northern New Jersey community of Fort Lee. Walgreens anchors the center. Other tenants include Dollar Tree, Jersey Mike’s, Kung Fu Tea, The Gyro Project, Bon Epi, Fort Lee Vision, Binghamton Bagel & Deli, Belle Journee Bakery, Pho Today, Punta Cana, 101 Chicken and Kura Revolving Sushi. C.J. Huter, Marc Palestina and Lew Finkelstein of The Goldstein Group represented the buyer in the transaction. Baruch Herman of Booth Street Realty represented the seller. Both parties were limited liability companies.
WEEHAWKEN, N.J. — Locally based developer Hartz Mountain Industries has begun leasing The Reserve at Estuary, a 218-unit apartment complex in the Northern New Jersey community of Weehawken. Designed by MHS Architecture, the property is located within the 60-acre Lincoln Harbor mixed-use development and offers studio, one- and two-bedroom units that are furnished with stainless steel appliances, quartz countertops, individual washers and dryers and smart technology. Select residences have patios. Amenities include a pool, outdoor lounge, courtyard, fitness center, game room and a coworking lounge. Rents start at $3,300 per month for a studio apartment.
NEW JERSEY — Cushman & Wakefield has brokered the $94 million sale of a 519-unit collection of multifamily properties in Northern New Jersey that is known as the Tag Portfolio. The number of properties was not disclosed. The Tag Portfolio, which was 97 percent occupied at the time of sale, features properties that were built between 1920 and 1980 and are located in East Rutherford, Cliffside Park, Palisades Park, Lyndhurst, Garfield, Jersey City and Kearny. The majority (96 percent) of the units are one- or two-bedroom residences and have value-add potential. Niko Nicolaou, Ryan Dowd, Michael Guerra, J.P. Hohl and Alexandria Ebers of Cushman & Wakefield represented the seller, Tag Investment Properties, in the transaction and procured the buyers. Tuli Realty purchased the properties located in East Rutherford, Cliffside Park, Palisades Park, Lyndhurst, Garfield and Jersey City, while Sher Management acquired the Kearny property. Brad Domenico and Frank Stanislaski of Cushman & Wakefield arranged acquisition financing for the deal.
NEWARK, N.J. — Miami-based lender BridgeInvest has provided $60 million in financing for Cosmo 440, a 216-unit multifamily redevelopment project in Newark that is nearing completion. Cosmo 440 was originally built in 1969 as Carmel Towers and is located adjacent to Weequahic Park. The redevelopment encompassed new infrastructure and elevators, as well as redesigned floor plans and upgraded common areas. The building now features 48 one-bedroom apartments, 120 two-bedroom units and 48 three-bedroom residences, and amenities include a fitness center, resident lounge, coworking space and an onsite bar. The borrower is YB Properties. Delivery is slated for the end of the month.
CARTERET, N.J. — YunExpress has signed a 146,000-square-foot industrial lease in the Northern New Jersey community of Carteret. The Chinese logistics company will be the third tenant at Crow Holdings at Carteret, a 1.2 million-square-foot development that is also home to Denmark-based DSV Global Transport & Logistics (355,000 square feet) and Hong Kong-based Weida Freight (188,000 square feet). Christopher Marx, Chris O’Connor, Steve Card, Chris Marx Jr., Taylor DeRisi and Peter Starr of Savills represented YunExpress in the lease negotiations. Jules Nissim, Stan Danzig and Kimberly Bach of Cushman & Wakefield represented Crow Holdings.
JERSEY CITY, N.J. — New York City-based developer Tishman Speyer has received a $331 million construction loan from global investment group CDPQ for a 40-story multifamily tower in Jersey City. With financing in place, Tishman Speyer plans to begin construction in the coming weeks and deliver the building in 2028. The project is the sister building of 55 Hudson Street, a 58-story, 1,017-unit apartment building that is under construction and slated for an early 2027 completion. The riverfront site at 50 Hudson St. is located in the Paulus Hook neighborhood, less than a block from the Paulus Hook Pier, which offers ferry service to various New York City metro locations. Plans for 50 Hudson Street call for 924 units in studio, one- and two-bedroom floor plans, as well as 10,000 square feet of street-level retail space. The two buildings will share roughly 75,000 square feet of indoor and outdoor amenity space, and the development as a whole will feature more than 60,000 square feet of retail, restaurant and entertainment space. In addition, the development will have a 32,000-square-foot waterfront plaza that will connect to Jersey City’s esplanade and will be available for community events. The design team for the project …
WOOD-RIDGE, N.J. — JCMLiving has begun leasing Rosera Wesmont, a 295-unit apartment complex located in the Northern New Jersey community of Wood-Ridge. Rosera Wesmont offers studio, one-, two- and three-bedroom units that are furnished with stainless steel appliances, quartz countertops, smart lock entry mechanisms and individual washers and dryers. Amenities include a pool with a sundeck and landscaped courtyard; a multi-level gym with a yoga studio, sauna and bar; coworking spaces, private offices and meeting rooms; and a sports simulator. Minno & Wasko Architects and Planners designed the project. Rents start at roughly $2,300 per month for a studio apartment.
BARRINGTON, N.J. — Regional brokerage firm Hudson Atlantic Realty has negotiated the sale of Barrington Mews, a 284-unit seniors housing complex located outside of Philadelphia in Southern New Jersey. Built in 1994 as affordable seniors housing, the elevator-served, age-restricted property offers one- and two-bedroom units and amenities such as community rooms, onsite laundry facilities and grilling and picnic areas. Adam Zweibel of Hudson Atlantic brokered the deal. The buyer and seller were not disclosed. The new ownership plans to transition the property to market-rate housing.
ROCKAWAY, N.J. — Casio America has signed a 21,338-square-foot office lease in the Northern New Jersey community of Rockaway. The U.S. subsidiary of the Japanese electronics manufacturer is taking space on the third floor of The Mark, a seven-story, 237,087-square-foot building that was recently renovated. Chris Conklin, Dan Spero and Maria Rubert of JLL represented the landlord, Northbridge Capital, in the lease negotiations. Naoki Yamaguchi of Relo Redac Inc. represented the tenant.
SWEDESBORO, N.J. — Locally based investment firm Alterra IOS (industrial outdoor storage) has purchased a 4.9-acre facility located outside of Philadelphia in Swedesboro. The site at 223 Paulsboro Road is located 20 miles from Philadelphia International Airport and 30 miles from the Port of Philadelphia and was fully leased at the time of sale to equipment rental company Sunbelt Rentals. Scott Mertz of NAI Mertz brokered the deal. The seller was not disclosed.
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