New Jersey

Newmark Arranges $98M Acquisition Loan for Multifamily Property in Iselin, New Jersey

by Taylor Williams February 19, 2026

ISELIN, N.J. — Newmark has arranged a $98 million acquisition loan for The Grande at MetroPark, a 356-unit multifamily property located in the Northern New Jersey community of Iselin. Built in phases between 2019 and 2023, the property offers studio, one- and two-bedroom units, as well as a penthouse suite. Amenities include multiple lounges, game rooms, fitness centers, catering kitchens and coffee bars, as well as a conference center, putting green, pool, dog park and an outdoor theater. Jordan Roeschlaub, Christopher Kramer, Adam Doneger and Ryan Bub of Newmark arranged the loan on behalf of the borrower, a partnership between Brooksville Co. and Torchlight Investors. The direct lender was not disclosed.

February 19, 2026

Leasing Activity New Jersey Northeast Office

Cushman & Wakefield Arranges 39,990 SF Office Lease Renewal in Hoboken

by Taylor Williams February 16, 2026

HOBOKEN, N.J. — Cushman & Wakefield has arranged a 39,990-square-foot office lease renewal in Hoboken. The tenant, automated software provider NiCE Systems, will continue to occupy the entire 11th floor at the 1.5 million-square-foot Waterfront Corporate Center. David DeMatteis, Mina Shehata and Scott Schubert of Cushman & Wakefield represented the tenant in the lease negotiations. Alex Erdos represented the landlord, SJP Properties, on an internal basis.

February 16, 2026

Loans Multifamily New Jersey Northeast Top Stories

JLL Provides $296M in Agency Financing for New Jersey Multifamily Portfolio

by Taylor Williams February 16, 2026

MORRISTOWN, N.J. — JLL has provided $296 million in Freddie Mac financing for a portfolio of 13 multifamily properties totaling 1,880 units in New Jersey. The portfolio consists of garden-style properties that are scattered across five Central and Northern New Jersey counties: Middlesex, Somerset, Union, Monmouth and Morris. The vintage of the properties ranges from 1959 to 1999. Michael Klein, Thomas Didio Jr., Michael Mataras and Joseph Gruber of JLL originated the 10-year, fixed-rate loan, which was structured with interest-only payments for a portion of the term. The borrower was not disclosed. “The borrower’s exceptional management capabilities and dedication to maintaining a well-kept, high-performing portfolio ensure these vital communities continue to deliver quality, affordable homes for residents,” says Didio. — Taylor Williams

February 16, 2026

Development Multifamily New Jersey Northeast

LeCesse, MAS Break Ground on 258-Unit Multifamily Project in Elizabeth, New Jersey

by Taylor Williams February 12, 2026

ELIZABETH, N.J. — A partnership between Florida-based LeCesse Development Corp. and New Jersey-based MAS Development Group has broken ground on ECCO, a 258-unit multifamily project in Elizabeth, located just outside of Newark. The four-story building will offer studio, one- and two-bedroom units that will be furnished with Italian cabinetry, quartz countertops, tile backsplashes, walk-in closets and various pieces of smart-home technology. Amenities will include a pool, fitness center, coworking space, golf simulator, outdoor theater and a game room with a wet bar. ECCO will also have about 35,000 square feet of retail space. Baker Barrios is the project architect, and March Associates Construction is the general contractor. JLL arranged $63.2 million in construction financing from Bank OZK and $20.15 million mezzanine placement from PGIM for the project, completion of which is slated for late 2027.

February 12, 2026

Camelot-West-at-Townelake-Sayreville-New-Jersey

Loans Multifamily New Jersey Northeast Uncategorized

JLL Arranges $47.5M Loan for Refinancing of Central New Jersey Apartments

by Taylor Williams February 11, 2026

SAYREVILLE, N.J. — JLL has arranged a $47.5 million loan for the refinancing of Camelot West at Townelake, a 176-unit, newly constructed apartment complex in the Central New Jesey community of Sayreville. Camelot West at Townelake comprises seven residential buildings that house one-, two- and three-bedroom units, as well as a clubhouse and leasing office. The average unit size is 1,153 square feet. Amenities include a pool, fitness center, coffee bar, grilling stations, a playground and a dog park. Michael Klein, Jim Cadranell and John Cumming of JLL arranged the five-year, fixed-rate loan through an undisclosed regional bank on behalf of the borrower, Kaplan Cos.

February 11, 2026

Development Industrial New Jersey Northeast

Seagis Begins Vertical Construction on 53,315 SF Warehouse in Kearny, New Jersey

by Taylor Williams February 10, 2026

KEARNY, N.J. — Metro Philadelphia-based developer Seagis Property Group has begun vertical construction on a 53,315-square-foot industrial project in the Northern New Jersey community of Kearny. The fully secured warehouse at 500 Belleville Turnpike will feature a clear height of 36 feet, seven dock doors, two drive-in doors, 55 parking spaces and approximately 6,000 square feet of outdoor storage space. Construction is slated for a summer completion.

February 10, 2026

Crow-Holdings-at-6A-Burlington-New-Jersey

Development Industrial New Jersey Northeast

Crow Holdings Completes 294,000 SF Industrial Project in Burlington, New Jersey

by Taylor Williams February 9, 2026

BURLINGTON, N.J. — Crow Holdings Development has completed a 294,000-square-foot industrial project in the Southern New Jersey community of Burlington. Known as Crow Holdings at 6A in reference to the nearest turnpike exit, the building features a clear height of 36 feet, 24 dock doors and parking for 75 cars and 19 trailers Crow Holdings at 6A was delivered roughly 50 percent preleased to GMB North America, a subsidiary of global auto parts manufacturer GMB. NAI Mertz and Cushman & Wakefield are co-marketing the remainder of the space for lease.

February 9, 2026

Arsenal-Trade-Center-Sayreville-New-Jersey

Industrial Leasing Activity New Jersey Northeast

Essex Food Ingredients Signs 100,500 SF Industrial Lease in Sayreville, New Jersey

by Taylor Williams February 9, 2026

SAYREVILLE, N.J. — Essex Food Ingredients has signed a 100,500-square-foot industrial lease in Sayreville, located in Central New Jersey. The space is located within Building 1 at Arsenal Trade Center, a three-building, 1.1 million-square-foot development by Trammell Crow Co. and CBRE Investment Management. Mindy Lissner, Mark Zaziski and Pat Decker of Cushman & Wakefield represented the tenant in the lease negotiations. Tom Monahan, Larry Schiffinhaus and Brian Golden of CBRE represented ownership. Essex took occupancy in January.

February 9, 2026

Loans Multifamily New Jersey Northeast

JLL Arranges $72M Loan for Refinancing of Jersey City Apartment Complex

by Taylor Williams February 5, 2026

JERSEY CITY, N.J. — JLL has arranged a $72 million loan for the refinancing of The Hazel, a 201-unit apartment complex in Jersey City. The Hazel was developed in two phases, with Phase I comprising 114 units that were delivered in early 2022 and Phase II consisting of 87 units that were completed in late 2024. The Hazel offers studio, one- and two-bedroom floor plans with an average size of 747 square feet, with 11 units set aside as affordable housing. Amenities include a sky lounge, rooftop pool, fitness center and coworking space, and the property also houses 9,588 square feet of commercial space. Thomas Didio, Thomas Didio Jr., Michael Mataras and Tyler Caricato of JLL arranged the five-year, fixed-rate loan through Truist Bank. The borrower is a partnership between two local developers, Alpine Residential and Fields Grade.

February 5, 2026

Loans Multifamily New Jersey Northeast

Cushman & Wakefield Arranges $85.5M Agency Loan for Refinancing of Northern New Jersey Apartments

by Taylor Williams February 4, 2026

FORT LEE, N.J. — Cushman & Wakefield has arranged an $85.5 million Fannie Mae loan for the refinancing of FIAT House, a 309-unit apartment complex in the Northern New Jersey community of Fort Lee. The newly constructed property consists of two buildings that rise 12 and 13 stories and house one- and two-bedroom units. Amenities include a golf simulator and cinema room, a landscaped rooftop deck with cabanas and fire pits, a library, a gym, coworking areas and private offices. John Alascio, Chuck Kohaut and Chris Meloni of Cushman & Wakefield arranged the 10-year loan through Greystone on behalf of the owner.

February 4, 2026

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