Tuesday, June 9, 2026
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New Jersey

76-National-Road-Edison-New-Jersey
AcquisitionsIndustrialNew JerseyNortheastProperty Type

JLL Brokers $24.5M Sale of Industrial Service Facility in Edison, New Jersey

by Taylor Williams

EDISON, N.J. — JLL has brokered the $24.5 million sale of a 5.5-acre industrial service facility in the Central New Jersey community of Edison. The facility at 76 National Road features a 25,000-square-foot warehouse with a clear height of 16 feet, four dock doors and two drive-in doors. Jason Lundy, Nicholas Stefans and Luke Ceccoli of JLL represented the seller, K Group, in the transaction. Michael Klein, Max Custer, Kevin Badger and Matthew McManus, also with JLL, arranged an undisclosed amount of acquisition financing through an unnamed regional bank on behalf of the buyer, regional owner-operator Ridgecut Road.

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IndustrialLeasing ActivityNew JerseyNortheast

Northcott Silk USA Signs 38,728 SF Industrial Lease in Lyndhurst, New Jersey

by Taylor Williams

LYNDHURST, N.J. — Northcott Silk USA has signed a 38,728-square-foot industrial lease in the Northern New Jersey community of Lyndhurst. The textile company is taking about half the space at the building at 1050 Valley Brook Ave., which according to LoopNet Inc. features a clear height of 24 feet, seven exterior dock doors and 70 car parking spaces. Robert Adams of Garden State Realty brokered the deal. Saddleback Real Estate Developers owns the building.

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Leasing ActivityNew JerseyNortheastOffice

Sprouts Farmers Market to Open 28,750 SF Grocery Store in Somerset, New Jersey

by Taylor Williams

SOMERSET, N.J. — Sprouts Farmers Market will open a 28,750-square-foot grocery store in the Central New Jersey community of Somerset. The Phoenix-based grocer is taking space at the 219,000-square-foot Somerset Shopping Center. Vanessa Kelty and Ed Vasconcellos of Levin Management Corp. represented the undisclosed landlord in the lease negotiations. Mike Horn and Steven Winters of RIPCO Real Estate represented Sprouts. A tentative opening date has not yet been announced.

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505-Summit-Jersey-City
DevelopmentMultifamilyNew JerseyNortheastUncategorized

Panepinto Properties Begins Leasing 53-Story Apartment Tower in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — Locally based developer Panepinto Properties has begun leasing 505 Summit, a 53-story apartment tower in the Journal Square area of Jersey City. The building offers 605 units in studio, one-, two- and three-bedroom floor plans. The property also features 4,000 square feet of street-level retail space, a landscaped public plaza, parking garage and 304 bicycle storage spaces. Residential amenities include an outdoor terrace with a pool, grilling stations, a resident lounge, coworking spaces, sports simulator and a fitness center. Pacific Life financed construction of the project, which began in the third quarter of 2023 and topped out last summer. Rents start at $3,350 per month for a studio apartment.

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DevelopmentIndustrialNew JerseyNortheast

IDI Logistics Breaks Ground on 154,387 SF Industrial Project in Piscataway, New Jersey

by Taylor Williams

PISCATAWAY, N.J. — IDI Logistics has broken ground on a 154,387-square-foot industrial project in the Northern New Jersey community of Piscataway. The building at 1551 S. Washington Ave. will feature a rear-load configuration, clear height of 40 feet, 24 dock doors, two drive-in doors, 130-foot truck court depths and parking for 144 cars and 20 trailers. CBRE is marketing the building for lease. A tentative completion date was not announced.

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Leasing ActivityNew JerseyNortheastOffice

TRAC Intermodal Signs 31,000 SF Office Lease in Princeton, New Jersey

by Taylor Williams

PRINCETON, N.J. — TRAC Intermodal has signed a 31,000-square-foot office lease in Princeton. The provider of logistics services is taking space on the third floor of the building at 600 College Road, which is part of the Princeton Point campus. Todd Elfand and Kevin Carton of Cushman & Wakefield represented the landlord, Nuveen Real Estate, in the lease negotiations. The tenant representative was not disclosed.

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Eastpoint-at-Exit-8A-Monroe-Township-New-Jersey
AcquisitionsIndustrialNew JerseyNortheast

CBRE Brokers Sale of 450,330 SF Industrial Building in Monroe Township, New Jersey

by Taylor Williams

MONROE TOWNSHIP, N.J. — CBRE has brokered the sale of Eastpoint at Exit 8A, a 450,330-square-foot industrial building in Monroe Township, located in Central New Jersey. Built in 2018, the facility features a cross-dock configuration, clear height of 36 feet and 11,000 square feet of office space. Brian Fiumara and Brad Ruppel of CBRE represented the seller, Morgan Stanley, in the transaction, and procured the buyer, Property Reserve Inc. The building was fully leased at the time of sale to Iron Mountain Information Management.

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AcquisitionsNew JerseyNortheastOffice

Kislak Negotiates $10M Sale of Northern New Jersey Office Building

by Taylor Williams

PARSIPPANY, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $10 million sale of a 131,346-square-foot office building in the Northern New Jersey community of Parsippany. The building sits on an eight-acre site at 959 U.S. Route 46. Tom Scatuorchio and Matt Weilheimer of Kislak represented the buyer and seller, both of which requested anonymity, in the transaction.

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349-389-New-Brunswick-Ave.-Rahway-New-Jersey
DevelopmentIndustrialLoansNew JerseyNortheast

Cushman & Wakefield Arranges $56M Construction Loan for Northern New Jersey Industrial Project

by Taylor Williams

RAHWAY, N.J. — Cushman & Wakefield has arranged a $56 million construction loan for a 277,818-square-foot industrial project in the Northern New Jersey community of Rahway. The 25.6-acre development will consist of two buildings totaling 201,616 and 76,202 square feet. Building features will include clear heights of 40 feet, 49 dock doors, three drive-in doors and parking for 230 cars and six trailers. John Alascio, Chuck Kohaut and T.J. Sullivan of Cushman & Wakefield arranged the loan through BMO on behalf of the developer, a partnership between Sagard Real Estate and Woodmont Industrial Partners.

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AcquisitionsData CentersIndustrialNew JerseyNortheast

Cresa Negotiates 249,640 SF Data Center Lease in Carlstadt, New Jersey

by Taylor Williams

CARLSTADT, N.J. — Cresa has negotiated a 249,640-square-foot data center lease in the Northern New Jersey community of Carlstadt. The tenant was not disclosed. The deal is for the entirety of the building at 600 Commerce Blvd., which was originally constructed in 2008 for a major banking institution. Michael Morris, Sumner Putnam, Kensey Gawne and Matt Deutsch of Cresa represented the landlord, local owner-operator Russo Development, in the lease negotiations.

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