Tuesday, April 28, 2026
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Bridge-Point-Bayonne
DevelopmentIndustrialNew JerseyNortheast

Barings Provides $86.2M in Financing for Industrial Property in Bayonne, New Jersey

by Taylor Williams

BAYONNE, N.J. — Barings has provided $86.2 million in bridge financing for a 355,580-square-foot industrial property in the Northern New Jersey community of Bayonne. Bridge Point Bayonne was built in 2024 on a 17.6-acre site that is approximately 1.5 miles from the New Jersey Turnpike. Building features include a cross-dock configuration, clear height of 40 feet, 70 dock doors, four drive-in doors and parking for 213 cars and 56 trailers. Jon Mikula, Michael Klein, Michael Lachs and Kevin Badger of JLL arranged the floating-rate loan on behalf of the borrower, Kurv Industrial, the Chicago-based investment and development firm formerly known as Bridge Industrial.

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LoansNew JerseyNortheastRetail

JLL Arranges $11.5M Acquisition Loan for Northern New Jersey Retail Project

by Taylor Williams

CLIFTON, N.J. — JLL has arranged an $11.5 million acquisition loan for a retail project in the Northern New Jersey community of Clifton. The 4.3-acre site at 1030–1050 U.S. Route 46 formerly housed a vacant commercial building that is being redeveloped into a 48,535-square-foot, grocery-anchored retail center that is 80 percent preleased. Ryan Carroll, Nazario Paragano and Christian Badalamenti of JLL arranged the three-year, floating-rate loan through Fidelity Investments on behalf of the undisclosed borrower.

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AcquisitionsHealthcareNew JerseyNortheast

Cushman & Wakefield Brokers $4.3M Sale of Medical Office Building in Westwood, New Jersey

by Taylor Williams

WESTWOOD, N.J. — Cushman & Wakefield has brokered the $4.3 million sale of a 33,277-square-foot medical office building in the Northern New Jersey community of Westwood. According to LoopNet Inc., the three-story building at 400 Old Hook Road was originally constructed in 1987. Andrew Schwartz, Jordan Sobel, André Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the seller in the transaction. Brian Anderson and Eddie Miro, also with Cushman & Wakefield, arranged acquisition financing on behalf of the buyer. Both parties requested anonymity.

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1-3-Eves-Drive-Evesham-Corporate-Center-Marlton-New-Jersey
AcquisitionsNew JerseyNortheastOffice

Colliers Brokers Sale of 160,000 SF Office Portfolio in Marlton, New Jersey

by Taylor Williams

MARLTON, N.J. — Colliers has brokered the sale of a portfolio of six office buildings totaling approximately 160,000 square feet in the Southern New Jersey community of Marlton. The portfolio comprises two single-story buildings totaling 33,317 square feet at 1 and 3 Eves Drive, as well as Evesham Corporate Center, a 14.2-acre development that houses 133,822 square feet of office space across four buildings. The Eves Drive buildings were fully leased at the time of sale, while Evesham Corporate Center was roughly 65 percent leased at the time of sale. Jacklene Chesler, Patrick Norris and Brittany Leventoff of Colliers brokered the deal. The buyer and seller were not disclosed.

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AcquisitionsMultifamilyNew JerseyNortheast

Kislak Negotiates $8.8M Sale of Northern New Jersey Apartment Building

by Taylor Williams

WOODCLIFF LAKE, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $8.8 million sale of a 14-unit apartment building in Woodcliff Lake, located near the New York-New Jersey border. The three-story building at 62 Broadway was completed in 2019 and includes five retail spaces. According to Apartments.com, the building houses one- and two-bedroom units that range in size from 755 to 1,150 square feet. Jason Pucci and Barry Waisbrod of Kislak represented the seller in the transaction, and Michael Todaro of Serhant Real Estate procured the buyer. Both parties requested anonymity.

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Prospect-Place-Hackensack
LoansMultifamilyNew JerseyNortheast

CBRE Provides $96M Agency Loan for Refinancing of Prospect Place Apartments in Hackensack

by Taylor Williams

HACKENSACK, N.J. — CBRE has provided a $96 million Freddie Mac loan for the refinancing of Prospect Place, a 360-unit apartment complex in Hackensack. Prospect Place consists of two buildings: an 18-story tower with 157 units and a five-story midrise building with 203 apartments. Residences come in one- and two-bedroom floor plans. Amenities include an outdoor pool, fitness center, clubhouse, resident lounge, business center, courtyard and a billiards room. Judah Hammer, Jason Gaccione, Shawn Rosenthal, Jake Salkovitz and Lauren Weinstein of CBRE originated the financing on behalf of the owner, Khosla Capital.

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AcquisitionsIndustrialNew JerseyNortheast

Devli Real Estate Buys 37,000 SF Industrial Building in Leonia, New Jersey

by Taylor Williams

LEONIA, N.J. — New Jersey-based investment firm Devli Real Estate has purchased a 37,000-square-foot industrial building in Leonia, located in Bergen County. The building at 100 Leyland Drive features a clear height of 24 feet, four dock-high loading positions and two drive-in doors. David Aboudi of Aboudi Realty brokered the deal. The seller and sales price were not disclosed.

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The-Eisenhower-Livingston-New-Jersey
LoansNew JerseyNortheastOffice

Eastman Cos. Recapitalizes 385,000 SF Office Complex in Livingston, New Jersey

by Taylor Williams

LIVINGSTON, N.J. — Locally based owner-operator Eastman Cos. has recapitalized The Eisenhower, a 385,000-square-foot office complex located in the Northern New Jersey community of Livingston. The recapitalization comprised $24.2 million in financing from Ladder Capital and approximately $14 million in additional equity. The Eisenhower sits on a 24-acre site and offers amenities such as a conference center with a 200-seat auditorium, a full-service cafeteria and a fitness center. David Bernhaut, John Alascio, Brad Domenico, Chuck Kohaut, Frank Stanislaski, Bill Baunach and Jack Subers of Cushman & Wakefield advised Eastman Cos. on the transaction.

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Two-Legacy-Place-East-Brunswick
DevelopmentMultifamilyNew JerseyNortheast

Garden Communities Completes Phase II of 520-Unit Apartment Community in Central New Jersey

by Taylor Williams

EAST BRUNSWICK, N.J. — Locally based owner-operator Garden Communities has completed Phase II of Legacy Place, a 520-unit apartment community in East Brunswick, located roughly midway between Newark and Trenton. The site spans 25 acres, and the property offers studio, one-, two- and three-bedroom units, as well as townhome residences. Amenities include a pool, fitness center, entertainment lounge, outdoor grilling and dining stations, coworking space, a children’s playroom, bowling alleys and catering kitchens, as well as 18,000 square feet of retail space. Monthly rents start at $2,090 for a studio apartment. Phase I of Legacy Place was completed in spring 2024.

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High-Mountain-Promenade-Haledon-New-Jersey
DevelopmentLoansMixed-UseNew JerseyNortheast

JLL Arranges Construction Financing for Northern New Jersey Mixed-Use Project

by Taylor Williams

HALEDON, N.J. — JLL has arranged an undisclosed amount of construction financing for a mixed-use project in the Northern New Jersey community of Haledon. Known as High Mountain Promenade, the development at 987 Belmont Ave. will comprise 90 apartments, a 74,715-square-foot (gross) self-storage facility and 4,400 square feet of retail space. First Bank provided the financing, proceeds of which will be used to fund construction of the self-storage facility and predevelopment costs of the other uses. Michael Klein, Jon Mikula, Ryan Carroll and Michael Donohoe of JLL arranged the debt on behalf of the developer, a joint venture between two New Jersey-based groups, Tulfra Real Estate and The Hampshire Cos.

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