New Jersey

JLL Arranges Loan for Refinancing of 160,904 SF Office Building in Princeton

by Taylor Williams October 27, 2026

PRINCETON, N.J. — JLL has arranged a $15.3 million loan for the refinancing of a 160,904-square-foot office building in Princeton. The four-story building at 500 College Road E was constructed in 1984 and renovated in 2022 and now offers amenities such as a café, fitness center, employee lounge with games and a multimedia conference and training facility. Michael Klein, Gregory Nalbandian, Nazario Paragano and Kevin Badger of JLL arranged the four-year, fixed-rate loan through an undisclosed life insurance company. The borrower is a partnership led by Bergman Real Estate Group.

October 27, 2026

Development Multifamily New Jersey Northeast

Crossroads Cos., CrownPoint Group Complete 90-Unit Multifamily Project in Dover, New Jersey

by Taylor Williams October 27, 2026

DOVER, N.J. — A joint venture between Crossroads Cos. and CrownPoint Group Inc. has completed 80East, a 90-unit multifamily project in Dover, about 30 miles west of New York City. The six-story building houses studio, one- and two-bedroom units, with nine residences set aside as affordable housing. Amenities include a fitness center, rooftop deck and an entertainment lounge. Minno & Wasko Architects and Planners designed the project, and L2i Construction was the general contractor. Columbia Bank financed construction, which began in summer 2024. Information on starting rents was not disclosed.

October 27, 2026

Development Multifamily New Jersey Northeast

Alpine Residential Completes 500-Unit Multifamily Project in Jersey City

by Taylor Williams October 26, 2026

JERSEY CITY, N.J. — New York-based developer Alpine Residential has completed AVIVA, a 500-unit multifamily project in Jersey City. Designed by GRT Architects and Ismael Leyva Architects, AVIVA, formerly known as Scholars Village, comprises two 12-story buildings that are connected by a lobby base with 4,000 square feet of ground-floor retail space. Residences come in studio, one-, two- and three-bedroom floor plans, and amenities include a fitness center, demonstration kitchen, coworking space, children’s playroom, a pet salon and 24-hour concierge services. Bank OZK provided construction financing for the project.

October 26, 2026

Acquisitions Multifamily New Jersey Northeast

JLL Negotiates Sale of 132-Unit Apartment Building in Fort Lee, New Jersey

by Taylor Williams October 26, 2026

FORT LEE, N.J. — JLL has negotiated the sale of Ridge Pointe, a 132-unit apartment building in the Northern New Jersey community of Fort Lee. Built as an office building in 1985 and converted to residential use in 2014, Ridge Pointe offers studio, one-, two- and three-bedroom units with an average size of 1,296 square feet. Amenities include a rooftop lounge, screening room, fitness center, billiards room and a children’s playroom. Mike Oliver, Steve Simonelli, Jose Cruz, Elizabeth DeVesty, Austin Pierce and C.J. Anania of JLL represented the undisclosed seller in the transaction. Thomas Didio Jr., Gerard Quinn, Michael Mataras and Tyler Caricato, also with JLL, arranged acquisition financing for the deal through Balbec Capital on behalf of the buyer, SELA Realty Investments.

October 26, 2026

Acquisitions Industrial New Jersey Northeast

JLL Brokers $56.9M Sale of Central New Jersey Distribution Facility

by Taylor Williams October 23, 2026

MONMOUTH JUNCTION, N.J. — JLL has brokered the $56.9 million sale of a 223,977-square-foot distribution facility in the Central New Jersey community of Monmouth Junction. The single-tenant property at 27 Distribution Way features a clear height of 22 feet, 28 loading doors, 225-foot truck court depths and parking for 57 trailers and 126 cars. Jason Lundy, Nicholas Stefans, Ryan Cottone, Luke Ceccoli and Nate Demetsky of JLL represented the seller, CenterPoint Properties, in the transaction. The buyer was Denver-based investment firm Sagard Real Estate.

October 23, 2026

Industrial Loans New Jersey Northeast

JLL Arranges Acquisition Financing for Industrial Outdoor Storage Facility in Union, New Jersey

by Taylor Williams October 22, 2026

UNION, N.J. — JLL has arranged an undisclosed amount of acquisition financing for an industrial outdoor storage (IOS) facility in the Northern New Jersey community of Union. The facility at 1200 Springfield Road includes an 18,500-square-foot maintenance building with a clear height of 16 feet and five drive-in doors. Michael Klein, Max Custer, Nazario Paragano and Kevin Badger of JLL arranged the loan on behalf of the buyer, New York-based investment firm Ridgecut Road. An undisclosed regional bank provided the loan.

October 22, 2026

Development Industrial New Jersey Northeast

MORVAY Nears Completion of Two Industrial Projects Totaling 113,000 SF in Central New Jersey

by Taylor Williams October 20, 2026

HAMILTON AND ROBBINSVILLE, N.J. — Brooklyn-based development and investment firm MORVAY is nearing completion of two industrial projects totaling 113,000 square feet in Central New Jersey. Purveyor Kuser and Purveyor North Gold are both shallow-bay projects and are located in Hamilton and Robbinsville, respectively, that MORVAY acquired in June 2025 from an institutional owner that had secured approvals before shifting its focus toward larger-scale opportunities. Both projects are expected to be complete before the end of the year.

October 20, 2026

Acquisitions Multifamily New Jersey Northeast

JLL Brokers Sale of 217-Unit Apartment Building in Hoboken

by Taylor Williams October 19, 2026

HOBOKEN, N.J. — JLL has brokered the sale of 1000 Jefferson, a 217-unit apartment building in Hoboken. Built in 2007, the six-story building houses 93 one-bedroom units, 114 two-bedroom residences and 10 three-bedroom apartments with an average size of 960 square feet. Amenities include a pool, fitness center and a rooftop deck. Jose Cruz, Steve Simonelli, Mike Oliver, Elizabeth DeVesty, Austin Pierce and Luke Chakonis of JLL represented the seller, Clarion Partners, in the transaction. Atlanta-based Invesco Real Estate purchased the building for an undisclosed price.

October 19, 2026

Acquisitions Multifamily New Jersey Northeast

ICON Real Estate Negotiates $4.1M Sale of Apartment Building in Bayonne, New Jersey

by Taylor Williams October 16, 2026

BAYONNE, N.J. — Local brokerage firm ICON Real Estate Advisors has negotiated the $4.1 million sale of a 25-unit apartment building in the Northern New Jersey community of Bayonne. According to Apartments.com, the building at 5-7 Kelly Parkway exclusively offers one-bedroom units. David Betesh of ICON Real Estate Advisors represented the seller, a local family, in the transaction and procured the undisclosed buyer.

October 16, 2026

128-Iron-Mountain-Road-Mine-Hill-New-Jersey

Industrial Leasing Activity Lee & Associates New Jersey Northeast

Amazing Savings Signs 173,475 SF Industrial Lease in Mine Hill, New Jersey

by Taylor Williams October 15, 2026

MINE HILL, N.J. — Amazing Savings has signed a 173,475-square-foot industrial lease in the Northern New Jersey community of Mine Hill. The discount retailer is taking space at Spring Brook Commerce Center, a newly constructed, 393,335-square-foot building located at 128 Iron Mountain Road. Tom Consiglio and Scott Peck of Resource Realty of Northern New Jersey represented the tenant in the lease negotiations. Drew Maffey, Rick Marchisio, Will Ziegler, Joseph Komitor and Matt Esposito of Lee & Associates represented the landlord, Brookfield Properties.

October 15, 2026

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