Friday, October 31, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

New Jersey

The-Bishop-Plainfield-New-Jersey
LoansMultifamilyNew JerseyNortheast

Invictus Real Estate Provides $60M Construction Loan for Northern New Jersey Multifamily Project

by Taylor Williams

PLAINFIELD, N.J. — Invictus Real Estate Partners, a New York-based real estate private equity firm, has provided a $60 million construction loan for The Bishop, a multifamily project in the Northern New Jersey community of Plainfield. The site is located at 401 E. 3rd St., and the project, which represents Phase II of a larger development, will add 266 rental units to the local supply, as well as 10,000 square feet of retail space. Amenities will include an outdoor lounge, golf simulator, fitness center, game room, pool, screening room, children’s playroom and a pickleball court. Brian Anderson of Cushman & Wakefield arranged the loan through Invictus on behalf of the borrower, New Jersey-based developer Ramani Group.

Continue Reading
FacebookTwitterLinkedinEmail
HQ-Plaza-Morristown-New-Jersey
DevelopmentMixed-UseNew JerseyNortheast

Fisher Development, Olnick Complete Renovation of 1 MSF Mixed-Use Building in Morristown, New Jersey

by Taylor Williams

MORRISTOWN, N.J. — Fisher Development Associates and the Olnick Organization have completed the renovation of HQ Plaza, a 1 million-square-foot mixed-use building located in the Northern New Jersey community of Morristown.The complex comprises 650,000 square feet of office space, 100,000 square feet of retail, restaurant and entertainment space, a 256-room Hyatt-branded hotel, a 40,000-square-foot gym and a 10-screen AMC movie theater, all situated atop a 3,000-space parking garage. The renovation included a revitalized main concourse linking the office towers and the Hyatt hotel that features lounge areas, dining spaces and adaptable workspaces. The project team, which included international design firm Gensler, also upgraded the tenant amenity lounge and redesigned the 50,000-square-foot outdoor plaza.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNew JerseyNortheast

Joint Venture Acquires Northern New Jersey Apartment Building for $165M

by Taylor Williams

CLIFFSIDE PARK, N.J. — A joint venture between two New York City-based firms, Hyperion Group and Benenson Capital, has acquired The Centre, a 16-story apartment building located in the Northern New Jersey community of Cliffside Park, for $165 million. The Centre consists of 314 units that come in studio, one- and two-bedroom units and range in size from 564 to 1,385 square feet. Amenities include a pool, health club, lounge, billiards and card room, spa and 24-hour concierge services. The Centre also houses 52,000 square feet of commercial space across two stories. The seller was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNew JerseyNortheast

CBRE Brokers $6.9M Sale of Industrial Outdoor Storage Facility in Morganville, New Jersey

by Taylor Williams

MORGANVILLE, N.J. — CBRE has brokered the $6.9 million sale of an industrial outdoor storage (IOS) facility in the Central New Jersey community of Morganville. The 21,000-square-foot facility at 173 Amboy Road was originally constructed in 1988, and the property includes 4.8 acres of outdoor storage space. Liam McGregor, Mark Silverman, Brian Fiumara and Elli Klapper of CBRE represented the buyer, private industrial investment firm Genesis, in the off-market transaction. The seller was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNew JerseyNortheastRetail

Marcus & Millichap Negotiates $11.3M Sale of Central New Jersey Retail Property

by Taylor Williams

LAWRENCEVILLE, N.J. — Marcus & Millichap has negotiated the $11.3 million sale of Village Square Plaza, a 53,077-square-foot retail property located in the Central New Jersey community of Lawrenceville. First Bank anchors the property, which was built on a 7.7-acre site in 1990 and was 97 percent leased at the time of sale. Additional tenants include Kumon, Eastern Dental and Princeton Brain & Spine. Alan Cafiero and Brent Hyldahl of Marcus & Millichap represented the undisclosed seller in the transaction.  

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNew JerseyNortheast

CBRE Brokers $6.9M Sale of Industrial Outdoor Storage Facility in Morganville, New Jersey

by Taylor Williams

MORGANVILLE, N.J. — CBRE has brokered the $6.9 million sale of an industrial outdoor storage (IOS) facility in the Central New Jersey community of Morganville. The 21,000-square-foot facility at 173 Amboy Road was originally constructed in 1988, and the property includes 4.8 acres of outdoor storage space. Liam McGregor, Mark Silverman, Brian Fiumara and Elli Klapper of CBRE represented the buyer, private industrial investment firm Genesis, in the off-market transaction. The seller was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Passaic-Logistics-Center
IndustrialLoansNew JerseyNortheast

Joint Venture Receives $65.4M in Bridge Financing for Northern New Jersey Industrial Property

by Taylor Williams

PASSAIC, N.J. — A joint venture between Los Angeles-based PCCP LLC and Atlanta-based Stonemont Financial Group has received $65.4 million in bridge financing for a 295,506-square-foot industrial property in Northern New Jersey. Built on a 17.7-acre site at 122 Eighth St. in 2024, Passaic Logistics Center features a clear height of 40 feet, 40 dock-high doors, 130-foot truck court depths and parking for 55 trailers and 167 cars. In addition, the building can accommodate a single or multiple users. JLL arranged the financing through TPG Real Estate Credit on behalf of the joint venture. Specific loan terms were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMixed-UseNew JerseyNortheast

JLL Negotiates $53.2M Sale of Mixed-Use Property in Edgewater, New Jersey

by Taylor Williams

EDGEWATER, N.J. — JLL has negotiated the $53.2 million sale of Edgewater Towne Center, a mixed-use property located about 10 miles outside of New York City. Built on 14 acres in 2000, Edgewater Towne Center comprises 76,525 square feet of retail space and 64 market-rate apartments. Anchored by Whole Foods Market, the retail portion was 98 percent leased at the time of sale to tenants such as Club Pilates, Amazon One Medical, Bond Vet and Pure Barre. The residential component of the building was 94 percent occupied at closing. Jose Cruz, Kevin O’Hearn and J.B. Bruno of JLL represented the seller, Site Centers Corp., in the transaction and procured the local private buyer.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew JerseyNortheastRetail

Total Wine Opens 32,000 SF Store in North Brunswick, New Jersey

by Taylor Williams

NORTH BRUNSWICK, N.J. — Total Wine & More has opened a 32,000-square-foot store in North Brunswick, located in Central New Jersey. Total Wine joins Trader Joe’s as the anchor tenant at the 124,000-square-foot North Village Shopping Center, which is now fully leased. Ed Vasconcellos of Levin Management Corp. represented the undisclosed landlord in the lease negotiations. Brian Schuster of RIPCO Real Estate represented Total Wine.

Continue Reading
FacebookTwitterLinkedinEmail
Central-9
DevelopmentIndustrialLoansNew JerseyTop Stories

Madison Realty Capital Provides $654M Financing for Industrial Project Underway in Central New Jersey

by Hayden Spiess

OLD BRIDGE, N.J. — Madison Realty Capital has originated a $654 million mortgage and mezzanine loan for Central 9 Logistics Park, an industrial project currently underway in Old Bridge, roughly 35 miles southwest of New York City. New Jersey-based development firm 2020 Acquisitions is the borrower.  Upon completion, the development will comprise 4.1 million square feet across nine buildings. The property is situated in close proximity to Garden State Parkway, New Jersey Turnpike and I-287, with access to the Port of New York and New Jersey’s Port Newark-Elizabeth Marine Terminal and Newark Liberty International Airport.  The borrower will use the funds to refinance five buildings in Phase I of Central 9 Logistics Park and to cover construction and leasing costs for two buildings in Phase II. The finished buildings at the campus range from 192,000 to 818,000 square feet in size. The buildings planned for Phase II will total 139,000 and 809,000 square feet, respectively.   2020 Acquisitions is also planning Phase III at Central 9 Logistics Park, which will comprise two final buildings. “With three leases signed over the past 45 days totaling approximately 900,000 square feet, we are accelerating the construction of Phase II and will begin construction immediately,” says Efrem …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts