Thursday, October 8, 2026
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Bell-Works-Fort-Monmouth-Tinton-Falls-New-Jersey
LoansMixed-UseNew JerseyNortheast

Walker & Dunlop Arranges $60M Loan for Refinancing of Mixed-Use Campus in Tinton Falls, New Jersey

by Taylor Williams

TINTON FALLS, N.J. — Walker & Dunlop has arranged a $60 million bridge loan for the refinancing of Bell Works Fort Monmouth, a mixed-use campus in the Northern New Jersey community of Tinton Falls. Bell Works Fort Monmouth is a 276,900-square-foot redevelopment of the former headquarters facility of cybersecurity firm CommVault. The borrower and lead developer, Inspired by Somerset Development, purchased the site in early 2025 and is repositioning the campus to feature office space, retail and restaurant space, coworking facilities and community-focused amenities. Dustin Stolly, Aaron Appel, Sean Reimer, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Ari Hirt and Stanley Cayre of Walker & Dunlop arranged the loan through Hudson Bay Capital on behalf of Inspired by Somerset, which has partnered with H.I.G. Realty Partners on the project.

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AcquisitionsNew JerseyNortheastRetail

Marcus & Millichap Brokers $4.7M Sale of Retail Center in Flemington, New Jersey

by Taylor Williams

FLEMINGTON, N.J. — Marcus & Millichap has brokered the $4.7 million sale of Hunterdon Commons, a 57,935-square-foot retail center in the Northern New Jersey community of Flemington. The center was built on 5.9 acres in 1989 (renovated in 2017) and was 97 percent leased to 13 tenants at the time of sale. Brent Hyldahl and Alan Cafiero of Marcus & Millichap represented the seller, a family office, in the transaction and procured the undisclosed buyer.

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385-Franklin-Ave.-Rockaway-New-Jersey
AcquisitionsIndustrialNew JerseyNortheast

JLL Brokers Sale of 81,000 SF Industrial Building in Rockaway, New Jersey

by Taylor Williams

ROCKAWAY, N.J. — JLL has brokered the sale of an 81,000-square-foot industrial building in the Northern New Jersey community of Rockaway. The shallow-bay building at 385 Franklin Ave. features a clear height of 22 feet, 13 dock doors and an average suite size of 7,400 square feet. Nicholas Stefans, Jason Lundy and Luke Ceccoli of JLL represented the seller, LM Real Estate Partners, in the transaction. NorthBridge Partners acquired the facility for an undisclosed price.

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Plaza-Greene-Fair-Lawn-New-Jersey
DevelopmentLoansMultifamilyNew JerseyNortheast

PCCP Provides $66.8M Construction Loan for Northern New Jersey Multifamily Project

by Taylor Williams

FAIR LAWN, N.J. — Los Angeles-based PCCP LLC has provided a $66.8 million senior construction loan for Plaza Greene, a 145-unit multifamily project that will be located in the Northern New Jersey community of Fair Lawn. Floor plans were not disclosed, but about 12 percent (18) of the residences will be reserved as affordable housing, and all residences will be subject to age restrictions. Amenities will include a fitness center, spa and a landscaped courtyard, and a 22,300-square-foot Sprouts Farmers Market will anchor the building’s ground-floor retail space. The borrower is a partnership between regional owner-operator Sterling Properties and New Jersey-based Danbro Properties.

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Leasing ActivityNew JerseyNortheastOffice

CoreWeave Signs 31,000 SF Office Lease Expansion in Livingston, New Jersey

by Taylor Williams

LIVINGSTON, N.J. — CoreWeave has signed a 31,000-square-foot office lease expansion at its headquarters facility in the Northern New Jersey community of Livingston. The cloud computing company now occupies 62,000 square feet at The Eisenhower, a 385,000-square-foot building. Jamie Ragucci, Kevin Murphy and Aaron Sommer of Newmark represented CoreWeave in the lease negotiations. Jon Meisel, Erin Wenzler and Dan Casey of CBRE, along with internal agent Eric Maurer, represented the landlord, Eastman Cos.

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547-555-Summit-Ave.-Jersey-City
DevelopmentMultifamilyNew JerseyNortheast

Newmark Arranges $310M Construction Loan for Jersey City Multifamily Project

by Taylor Williams

JERSEY CITY, N.J. — Newmark has arranged a $310 million construction loan for an 873-unit multifamily project in Jersey City. The project represents the first of two phases in a larger development at 547-555 Summit Ave. that will ultimately add 1,542 units to the local supply. The first building at 555 Summit Ave. will rise 47 stories and offer studio, one- and two-bedroom units, as well as 2,300 square feet of retail space. Amenities will include a fitness center, rooftop lounge, clubroom and coworking space. Jordan Roeschlaub, Nick Scribani, Max Ralby and Dante DiStefano of Newmark arranged the financing on behalf of the borrower, Namdar Group.

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Logistics-Center-at-Hamilton
DevelopmentIndustrialNew JerseyNortheast

FRP Development Delivers 170,800 SF Industrial Project in Hamilton, New Jersey

by Taylor Williams

HAMILTON, N.J. — FRP Development Corp., a subsidiary of FRP Holdings (NYSE: FRPH) has delivered Logistics Center at Hamilton, a 170,800-square-foot industrial project in Central New Jersey. The site spans 15 acres at the intersection of I-195 and Route 130, and the building features a clear height of 36 feet, 27 dock-high loading doors, two drive-in doors, 3,000 square feet of office space and parking for 185 cars and 27 trailers. FRP developed the project in a joint venture with global real estate manager DWS. KBC Advisors is the leasing agent.

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The-Grove-at-Somerset
AcquisitionsMultifamilyNew JerseyNortheast

CBRE Arranges Sale of 384-Unit Apartment Community in Somerset, New Jersey

by Taylor Williams

SOMERSET, N.J. — CBRE has arranged the sale of a 384-unit apartment community located in the Central New Jersey community of Somerset. The Grove at Somerset was built on 41 acres in 2013. The property features studio, one-, two- and three-bedroom units, 58 of which are designated as affordable housing. Amenities include a pool with a sundeck, resident clubhouse with a lounge area, business center, fitness center, playground and a dog park. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer and Eric Greenberg of CBRE represented the buyer, Los Angeles-based owner-operator TruAmerica, in the off-market transaction. The seller was Harbor Group International. The sales price was not disclosed.

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AcquisitionsMultifamilyNew JerseyNortheast

Marcus & Millichap Brokers $4M Sale of Apartment Building in Kearny, New Jersey

by Taylor Williams

KEARNY, N.J. — Marcus & Millichap has brokered the $4 million sale of Helena Arms, a 17-unit apartment building in the Northern New Jersey community of Kearny. The three-story building was constructed in 1969 and houses two studios, six one-bedroom units and nine two-bedroom apartments. Devin Perez, Alan Cafiero and Dean Matuszewicz of Marcus & Millichap represented the seller, a private investor, in the off-market transaction, and procured the undisclosed buyer. Mark Litwack of Marcus & Millichap Capital Corp. arranged acquisition financing for the deal.

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DevelopmentNew JerseyNortheastRetail

JLL Negotiates Sale of 93,785 SF Shopping Center in Linden, New Jersey

by Taylor Williams

LINDEN, N.J. — JLL has negotiated the sale of The Shops at Legacy Square, a 93,785-square-foot shopping center located in the Northern New Jersey community of Linden. Built in 2021, the center was roughly 81 percent leased at the time of sale to tenants such as Starbucks, Panera Bread, Taco Bell, Wawa, Chick-fil-A, AFC Urgent Care and Aspen Dental. J.B. Bruno, Kevin O’Hearn, Jose Cruz and Cole Doyon of JLL represented the seller, a partnership between Stockbridge Capital Group and Cypress Equities, in the transaction.  Michael Klein and Max Custer, also with JLL, arranged acquisition financing for the deal on behalf of the buyer, a partnership between Lamar Cos. and Real Capital Solutions. 

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