New Jersey Archives - REBusinessOnline

Pentaurus Properties Buys 124-Unit Apartment Complex in Matawan, New Jersey

Taylor Williams — Fri, 20 Mar 2026 14:10:00 +0000

MATAWAN, N.J. — Pentaurus Properties, a New Jersey-based family office, has purchased a 124-unit apartment complex in Matawan, located in Central New Jersey. Marc Hampton Apartments is a garden-style complex that was built in the 1960s and offers one- and two-bedroom units across 11 buildings. Nat Gambuzza and Trevor Fiebel of Berkadia represented Pentaurus, which plans to implement a value-add program, in the transaction. Joseph Garibaldi, Thomas Walsh and Nick Vanderslice of Colliers represented the undisclosed seller.

The post Pentaurus Properties Buys 124-Unit Apartment Complex in Matawan, New Jersey appeared first on REBusinessOnline.

CrownPoint Breaks Ground on 854-Unit Self-Storage Facility in South River, New Jersey

Taylor Williams — Wed, 18 Mar 2026 13:50:56 +0000

SOUTH RIVER, N.J. — Locally based developer CrownPoint Group has broken ground on an 854-unit self-storage facility in South River, located roughly midway between Newark and Trenton. The three-story facility at 696 Old Bridge Turnpike will span 105,487 net rentable square feet of climate-controlled space. According to NJ.com, the site formerly housed a car dealership, and the facility will have an average unit size of 90 square feet and will include 15 exterior access units. The local publication also reports that JLL arranged construction financing for the project. ExtraSpace Storage will operate the facility, which is expected to be complete before the end of the year.

The post CrownPoint Breaks Ground on 854-Unit Self-Storage Facility in South River, New Jersey appeared first on REBusinessOnline.

Club Studio Fitness to Open 30,240 SF Gym in Cherry Hill, New Jersey

Taylor Williams — Fri, 13 Mar 2026 14:37:53 +0000

CHERRY HILL, N.J. — Club Studio Fitness will open a 30,240-square-foot gym in the Southern New Jersey community of Cherry Hill. The space is located within Ellisburg Shopping Center and will include training areas, a juice bar and recovery facilities. The opening is slated for spring 2027. Federal Realty Investment Trust owns Ellisburg Shopping Center, which is anchored by Whole Foods Market and Restoration Hardware Outlet.

The post Club Studio Fitness to Open 30,240 SF Gym in Cherry Hill, New Jersey appeared first on REBusinessOnline.

Partnership Receives $48M Loan for Refinancing of Tri-State Seniors Housing Communities

Taylor Williams — Wed, 11 Mar 2026 13:33:55 +0000

NEW CITY, N.Y. AND WASHINGTON TOWNSHIP, N.J. — A partnership between Bain Capital Real Estate and Capitol Seniors Housing has received a $48 million loan for the refinancing of two seniors housing communities in the Tri-State area. The communities include The Chelsea at New City, located about 40 miles north of New York City, and The Chelsea at Washington Township, about 75 miles west of New York City. The properties were built in 2021 and 2023, respectively, and both offer memory care and assisted living services, as well as various onsite amenities. JLL arranged the three-year, floating-rate loan through an undisclosed regional bank on behalf of the partnership.

The post Partnership Receives $48M Loan for Refinancing of Tri-State Seniors Housing Communities appeared first on REBusinessOnline.

Wingtat Cargo Signs 96,000 SF Industrial Lease in South Amboy, New Jersey

Taylor Williams — Tue, 10 Mar 2026 13:31:01 +0000

SOUTH AMBOY, N.J. — Wingtat Cargo has signed a 96,000-square-foot industrial lease in South Amboy, about 30 miles south of New York City. The shipping company is taking space within the newly constructed, 152,100-square-foot warehouse and distribution building at 111 Main St. Gary Politi and Michael Viera of JLL represented the landlord, a partnership between Woodmont Industrial Partners and Joseph Jingoli & Son Inc., in the lease negotiations. Jimo Liu of Cushman & Wakefield represented the tenant.

The post Wingtat Cargo Signs 96,000 SF Industrial Lease in South Amboy, New Jersey appeared first on REBusinessOnline.

JLL Arranges Acquisition Financing for 1 MSF Industrial Property in Millstone, New Jersey

Taylor Williams — Mon, 09 Mar 2026 13:23:47 +0000

MILLSTONE, N.J. — JLL has arranged an undisclosed amount of acquisition financing for a roughly 1 million-square-foot industrial property in Millstone, about 55 miles south of New York City. Millstone 8 Logistics Park was built in 2022 and features a cross-dock configuration, clear height of 40 feet, 170 loading doors and parking for 458 cars and 273 trailers. The facility was fully leased at the time of the loan closing to an undisclosed provider of third-party logistics services. Jim Cadranell, Jon Mikula, John Cumming and Caleb Henry of JLL arranged the loan through Northwestern Mutual on behalf of the buyer, institutional investment firm BGO.

The post JLL Arranges Acquisition Financing for 1 MSF Industrial Property in Millstone, New Jersey appeared first on REBusinessOnline.

Ameritas Investment Provides $13.5M Loan for Refinancing of Northern New Jersey Shopping Center

Taylor Williams — Thu, 05 Mar 2026 13:56:51 +0000

VAUXHALL, N.J. — Ameritas Investment Corp. has provided a $13.5 million loan for the refinancing of Millburn Village, a 71,177-square-foot shopping center in the Northern New Jersey community of Vauxhall. Millburn Village is home to 19 tenants, many of which are long-term users, with Walgreens and Staples serving as the anchors. Ryan Carroll, Tyler Caricato and Caleb Henry of JLL arranged the three-year, fixed-rate loan on behalf of the borrower, New York City-based Lightstone, which acquired the center in 2003.

The post Ameritas Investment Provides $13.5M Loan for Refinancing of Northern New Jersey Shopping Center appeared first on REBusinessOnline.

SYM Investments Buys Apartment Complex in Belleville, New Jersey for $80M

Taylor Williams — Wed, 04 Mar 2026 15:15:24 +0000

BELLEVILLE, N.J. — Connecticut-based SYM Investments has purchased SilverLake Apartments, a 232-unit multifamily complex in Belleville, about 10 miles west of New York City, for $80 million. Completed in early 2022, SilverLake Apartments consists of two five-story buildings that feature studio, one- and two-bedroom floor plans. Amenities include a fitness center, dog park, game room, entertainment lounge with a kitchen, rooftop terrace, business center and package lockers, as well as 17,024 square feet of commercial space that is fully leased. Mike Oliver, Steve Simonelli, Jose Cruz, Elizabeth DeVesty and Austin Pierce of JLL represented the seller, Baltimore-based developer Klein Enterprises, in the transaction. Michael Klein, Thomas Didio Jr., Gerard Quinn and Joseph Gruber, also with JLL, originated a $56 million Freddie Mac acquisition loan on behalf of SYM Investments.

The post SYM Investments Buys Apartment Complex in Belleville, New Jersey for $80M appeared first on REBusinessOnline.

Hudson Atlantic Arranges $9.3M Sale of Northern New Jersey Apartment Complex

Taylor Williams — Wed, 04 Mar 2026 15:00:15 +0000

EAST ORANGE, N.J. — Regional brokerage firm Hudson Atlantic Realty Advisors has arranged the $9.3 million sale of a 50-unit apartment complex in East Orange, about 15 miles west of New York City. The five-story building at 22-30 S. Munn Ave. was gut-renovated in 2008 and features one-, two- and three-bedroom units with an average size of 917 square feet. Nick Favorito of Hudson Atlantic represented the seller in the transaction and collaborated with Hudson Atlantic’s Adam Zweibel to source the buyer. Both parties requested anonymity.

The post Hudson Atlantic Arranges $9.3M Sale of Northern New Jersey Apartment Complex appeared first on REBusinessOnline.

WPT Capital Acquires 603,092 SF Industrial Property in Central New Jersey

Taylor Williams — Tue, 03 Mar 2026 14:40:35 +0000

MONROE TOWNSHIP, N.J. — WPT Capital Advisors has acquired a 603,092-square-foot industrial property in Monroe Township, located outside of Trenton in Central New Jersey. The two-building development at 130 Interstate Blvd., which was fully leased at the time of sale, was constructed in 1999 and expanded in 2014. Building features include clear heights of 28 to 32 feet, 66 loading doors, two drive-in doors and parking for 83 trailers and 243 cars. The seller was not disclosed. Jim Cadranell, Ryan Carroll and Caleb Henry of JLL arranged an undisclosed amount of acquisition financing for the deal through PGIM Real Estate.

The post WPT Capital Acquires 603,092 SF Industrial Property in Central New Jersey appeared first on REBusinessOnline.

JRK Property Holdings Acquires 301-Unit Apartment Complex in Hoboken

Taylor Williams — Mon, 02 Mar 2026 14:26:45 +0000

HOBOKEN, N.J. — Los Angeles-based investment firm JRK Property Holdings has acquired 77 Park Avenue, a 301-unit apartment complex in Hoboken. Built in 2000, the property offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, granite countertops, hardwood flooring, walk-in closets and private balconies. Amenities include a fitness center, sundeck, outdoor grilling stations and onsite laundry facilities. The seller was Equity Residential, and the property traded as part of a $400 million portfolio deal that was brokered by CBRE.

The post JRK Property Holdings Acquires 301-Unit Apartment Complex in Hoboken appeared first on REBusinessOnline.

STRO, KRE to Develop 65,000 SF Industrial Project in Parsippany, New Jersey

Taylor Williams — Fri, 27 Feb 2026 14:12:10 +0000

PARSIPPANY, N.J. — A partnership between two New Jersey-based firms, The STRO Cos. and Kushner Real Estate (KRE) will develop a 65,000-square-foot industrial project in Parsippany, about 30 miles west of New York City. The building at 3 Century Drive will offer 36-foot clear heights, 10 dock doors, one drive-in door and divisibility to 32,000 square feet. Vertical construction is underway, and completion is slated for the fall. Resource Realty is the leasing agent.

The post STRO, KRE to Develop 65,000 SF Industrial Project in Parsippany, New Jersey appeared first on REBusinessOnline.

CBRE Arranges $40M Construction Loan for Northern New Jersey Multifamily Project

Taylor Williams — Thu, 26 Feb 2026 13:32:35 +0000

MORRISTOWN, N.J. — CBRE has arranged a $40 million construction loan for an 89-unit multifamily project that will be located in the Northern New Jersey community of Morristown. Known as Morristown Station, the development will comprise 76 market-rate apartments and 13 affordable housing units, mostly in two-bedroom floor plans, as well as 5,111 square feet of retail space. Matthew Pizzolato and Josh Stein of CBRE arranged the loan through Truist Bank on behalf of the owner, an entity doing business as Lackawanna Place Morristown Urban Renewal LLC.

The post CBRE Arranges $40M Construction Loan for Northern New Jersey Multifamily Project appeared first on REBusinessOnline.

Provident Bank Signs 23,000 SF Office Lease in Parsippany, New Jersey

Taylor Williams — Thu, 26 Feb 2026 13:21:20 +0000

PARSIPPANY, N.J. — Provident Bank has signed a 23,000-square-foot office lease in the Northern New Jersey community of Parsippany. The lender is taking space at the 200,000-square-foot building at 9 Entin Road. Jeff Babikian and Mark Trevisan of CBRE represented the tenant in the lease negotiations. Jamie Drummond, Andrew Perrotti and Luke Reid of Newmark represented the landlord, American Equity Partners.

The post Provident Bank Signs 23,000 SF Office Lease in Parsippany, New Jersey appeared first on REBusinessOnline.

Tilcon Signs 35,000 SF Office Lease Extension in Parsippany, New Jersey

Taylor Williams — Wed, 25 Feb 2026 14:57:00 +0000

PARSIPPANY, N.J. — Tilcon has signed a 35,000-square-foot office lease extension in the Northern New Jersey community of Parsippany. The provider of construction materials will remain a tenant at the 200,000-square-foot building at 9 Entin Road. Josh Cohen and Ben Brenner of Cushman & Wakefield represented the tenant in the lease negotiations. Jamie Drummond, Andrew Perrotti and Luke Reid of Newmark represented the landlord, American Equity Partners.

The post Tilcon Signs 35,000 SF Office Lease Extension in Parsippany, New Jersey appeared first on REBusinessOnline.

CBRE Negotiates $56M Sale of Annin Lofts Apartments in Verona, New Jersey

Taylor Williams — Tue, 24 Feb 2026 15:24:34 +0000

VERONA, N.J. — CBRE has negotiated the $56 million sale of Annin Lofts, a 111-unit apartment complex in Verona, about 20 miles west of New York City. Completed in 2018, Annin Lofts consists of two buildings, one of which was constructed from the ground up, and the other of which is a conversion of the historic Annin Flag Factory. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include two rooftop terraces, a resident lounge with TVs and billiards and a dog run. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer and Eric Greenberg of CBRE represented the locally based seller, Russo Development, in the transaction and procured the buyer, Bonjour Capital.

The post CBRE Negotiates $56M Sale of Annin Lofts Apartments in Verona, New Jersey appeared first on REBusinessOnline.

Colliers Brokers Sale of 107,000 SF Vacant Office Building in Parsippany, New Jersey

Taylor Williams — Tue, 24 Feb 2026 15:10:39 +0000

PARSIPPANY, N.J. — Colliers has brokered the sale of a 107,000-square-foot vacant office building in the Northern New Jersey community of Parsippany. According to LoopNet Inc., the four-story building at 45 Waterview Blvd. was originally constructed in 1997. The building was previously fully leased to DSM Nutritional Products. Jacklene Chesler, Patrick Norris, Samuel Horowitz and Brittany Leventoff of Colliers represented the seller and procured the buyer and end user, both of which requested anonymity, in the transaction.

The post Colliers Brokers Sale of 107,000 SF Vacant Office Building in Parsippany, New Jersey appeared first on REBusinessOnline.

Affinius Capital-Led Consortium Agrees to Acquire Veris Residential in $3.4B Go-Private Deal

John Nelson — Tue, 24 Feb 2026 12:59:00 +0000

JERSEY CITY, N.J. — An investor consortium led by Affinius Capital has entered into a definitive merger agreement to acquire Veris Residential Inc. (NYSE: VRE), a multifamily real estate investment trust (REIT) based in Jersey City. As of Dec. 31, 2025, the company’s portfolio spanned more than 6,500 units in the Northeast, as well as $35 million in land bank holdings. Under the terms of the agreement, the consortium, which also includes Vista Hill Partners, will purchase Veris in an all-cash transaction for $19 per share of the REIT’s common stock, with represents an implied enterprise value of $3.4 billion. As a result of the transaction, Veris will no longer be publicly traded on the New York Stock Exchange. Mahbod Nia, CEO of Veris, says the merger represents the culmination of a multi-year transformation of the company that began in 2020, when the firm, then known as Mack-Cali Realty Corp., established its ESG committee. “Over the past five years, we have undertaken meaningful steps to pivot away from office, simplifying and focusing the business, strengthening our balance sheet and enhancing our operational platform,” says Nia. The transaction price reflects a 23.2 percent premium to Veris’ unaffected closing share price on Wednesday,…

The post Affinius Capital-Led Consortium Agrees to Acquire Veris Residential in $3.4B Go-Private Deal appeared first on REBusinessOnline.

Saddleback Sells Industrial Building in Hackettstown, New Jersey for $13M

Taylor Williams — Mon, 23 Feb 2026 14:19:01 +0000

HACKETTSTOWN, N.J. — Saddleback Real Estate Developers has sold a 50,000-square-foot industrial building in Hackettstown, about 65 miles west of New York City, for $13 million. The buyer was Bytech, a Brooklyn-based mobile accessories manufacturer. The newly constructed building at 999 Willow Grove St. features clear heights of 28 to 32 feet, four loading doors and an acre of outdoor storage space. Robert Adams of Garden State Realty brokered the sale of the building, which was financed by Kearny Bank.

The post Saddleback Sells Industrial Building in Hackettstown, New Jersey for $13M appeared first on REBusinessOnline.

Kislak Negotiates $90M Sale of Northern New Jersey Multifamily Portfolio

Taylor Williams — Fri, 20 Feb 2026 14:41:58 +0000

WOODBRIDGE, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $90 million sale of a portfolio of 10 multifamily properties totaling 540 units in Northern New Jersey. The properties range in size from 14 to 275 units and are scattered across municipalities such as Roselle Park, Elizabeth and Rahway. Jeff Squires of Kislak represented the seller, New Jersey-based owner-operator Landmark Cos., in the transaction. The buyer was not disclosed.

The post Kislak Negotiates $90M Sale of Northern New Jersey Multifamily Portfolio appeared first on REBusinessOnline.