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CBRE Negotiates $47.8M Sale of Waverton Apartments in Secaucus, New Jersey

Taylor Williams — Fri, 10 Apr 2026 14:35:20 +0000

SECAUCUS, N.J. — CBRE has negotiated the $47.8 million sale of The Waverton, a 116-unit apartment complex in Secaucus, located across the Hudson River from New Jersey. Completed in 2022, The Waverton offers studio, one- and two-bedroom units, with roughly 20 percent of residences designated as affordable housing. Amenities include a fitness center with a private yoga studio, an outdoor lounge with grilling stations, sundeck, resident lounge with billiards and shuffleboard and a coworking and conference room. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel and Travis Langer of CBRE represented the seller, a joint venture that included Canoe Brook Development as a minority partner, in the transaction. The buyer was not disclosed.

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Cushman & Wakefield Brokers $4.5M Sale of Mixed-Use Development Site in Randolph, New Jersey

Taylor Williams — Fri, 10 Apr 2026 14:28:03 +0000

RANDOLPH, N.J. — Cushman & Wakefield has brokered the $4.5 million sale of a mixed-use development site in the Northern New Jersey community of Randolph. The site at 1192 Sussex Turnpike is approved for 25 townhomes, as well as a mixed-use building that will feature 4,055 square feet of retail space on the ground floor and 10 apartments on the second and third floors. Andrew Schwartz, Jordan Sobel, Andre Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the seller, an entity doing business as Ludiro Inc., in the transaction and procured the buyer, OES Properties.

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Worldwide Logistics Signs 451,916 SF Industrial Lease in Sayreville, New Jersey

Taylor Williams — Thu, 09 Apr 2026 14:15:32 +0000

SAYREVILLE, N.J. — Worldwide Logistics USA, the American affiliate of Chinese freight company Worldwide Logistics Group, has signed a 451,916-square-foot industrial lease in the Central New Jersey community of Sayreville. The deal is for the entirety of Building 3 within Arsenal Trade Center, a newly constructed development that spans roughly 1.1 million square feet across three buildings. Jimo Liu of Cushman & Wakefield represented Worldwide Logistics in the lease negotiations. Tom Monahan, Larry Schiffinhaus and Brian Golden of CBRE represented the landlord, a partnership between Trammell Crow Co. and CBRE Investment Management.

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JLL Arranges $20.5M Loan for Refinancing of Coastal New Jersey Shopping Center

Taylor Williams — Tue, 07 Apr 2026 13:47:20 +0000

STAFFORD TOWNSHIP, N.J. — JLL has arranged a $20.5 million loan for the refinancing of Stafford Park, a 140,893-square-foot shopping center in Stafford Township, located I coastal New Jersey. Developed in 2007, the open-air center was fully leased at the time of sale to tenants such as Dick’s Sporting Goods, Best Buy, PetSmart and Ulta. Jim Cadranell, Ryan Carroll and Christian Badalamenti of JLL arranged the five-year, fixed-rate loan through an undisclosed investment manager on behalf of the borrower, regional owner-operator Walters Group.

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CBRE Brokers $12.7M Sale of Northern New Jersey Apartment Building

Taylor Williams — Tue, 07 Apr 2026 13:40:54 +0000

MAPLEWOOD, N.J. — CBRE has brokered the $12.7 million sale of The Summit, a 30-unit apartment building in the Northern New Jersey community of Maplewood. Completed in early 2025, The Summit offers units that predominantly come in two-bedroom formats and have an average size of 1,240 square feet. Amenities include a fitness center, resident lounge and a pet spa. Richard Gatto, Tracy Trank, Fahri Ozturk and Zach McHale of CBRE represented the seller, Summit Assets, in the transaction. CBRE also procured the buyer, SANA Properties.

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New Jersey Industrial Market Returns to Normal

Taylor Williams — Tue, 07 Apr 2026 11:48:00 +0000

By Taylor Williams Nobody likes a vacant building, but symbolically, they do have some usefulness. A handful of empty structures here and there can be illustrative of a market that’s actually balanced and healthy, one in which tenants have some options and flexibility. In addition, vacant buildings can serve as warnings to future developers of what not to do and when not to do it. Attaching this allegorical significance to the New Jersey industrial market might seem odd, given that this sector has been and should continue to be one of the strongest segments in the country, in terms of both the geography and the asset class. The residential density, highly developed infrastructure and proximity to major ports and transit hubs will likely never lose their appeal to industrial investors and developers. But even the strongest markets can overheat from time to time, and it typically takes a couple years for the high to completely wear off such that indicators of market normalcy can become readily visible. That’s what appears to be taking shape throughout the Garden State’s industrial market. And without naming names or picking on specific projects, sources say that there are undoubtedly some buildings in New Jersey…

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Safely Store Buys Self-Storage Redevelopment Site in North Bergen, New Jersey

Taylor Williams — Mon, 06 Apr 2026 13:33:36 +0000

NORTH BERGEN, N.J. — Safely Store has purchased a self-storage redevelopment site in North Bergen, located across the Hudson River from New York City. The site at 3131 Kennedy Blvd. houses a vacant, 73,398-square-foot building that was originally constructed in 1999 and previously functioned as a movie theater. Safely Store plans to convert the building into a four story self-storage facility with 103,000 net rentable square feet of climate-controlled space. Jose Cruz, Nicholas Stefans, Jason Lundy and Luke Ceccoli of JLL represented the seller, Madison International Realty, in the transaction.

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Ace Pickleball Opens 26,500 SF Athletic Facility in North Brunswick, New Jersey

Taylor Williams — Fri, 03 Apr 2026 13:51:31 +0000

NORTH BRUNSWICK, N.J. — Ace Pickleball Club has opened a 26,500-square-foot athletic facility in North Brunswick, about 40 miles southwest of Manhattan. The space is located within the 288,000-square-foot Brunswick Shopping Center, and the club will offer flexible, all-inclusive membership options for players, as well as host private events and corporate outings. Fred Younkin of Levin Management Corp. represented the undisclosed landlord in the lease negotiations. Marta Villa of CBRE represented Ace Pickleball.

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Hudson Atlantic Negotiates $9.2M Sale of Multifamily Development Site in Paramus, New Jersey

Taylor Williams — Mon, 30 Mar 2026 13:10:59 +0000

PARAMUS, N.J. — Regional brokerage firm Hudson Atlantic Realty has negotiated the $9.2 million sale of a multifamily development site in the Northern New Jersey community of Paramus. The 9.9-acre site at 731 Pascack Road is fully approved for the development of a 162-unit, age-restricted project that will be known as The Residences at Joy Farms. Units will come in one- and two-bedroom floor plans, and amenities will include a fitness center, bar/kitchen area and indoor/outdoor social spaces. Adam Zweibel of Hudson Atlantic brokered the deal. The buyer and seller were not disclosed.

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Cronheim Arranges $13.2M Loan for Refinancing of Northern New Jersey Hotels

Taylor Williams — Fri, 27 Mar 2026 13:37:49 +0000

WOODBRIDGE, N.J. — The hotel division of local financial intermediary Cronheim Mortgage has arranged a $13.2 million loan for the refinancing of two hotels in the Northern New Jersey community of Woodbridge. The 101-room Comfort Suites was built in 1998, and the 90-room Fairfield Inn & Suites was built in 2003. David Turley led the Cronheim team that secured the five-year, fixed-rate loan through an undisclosed bank. The undisclosed borrower plans to use a portion of the proceeds to convert the Comfort Suites property into a 96-room TownePlace Suites hotel.

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Sitex Group Buys 26,000 SF Warehouse in Monroe Township, New Jersey

Taylor Williams — Fri, 27 Mar 2026 13:24:35 +0000

MONROE TOWNSHIP, N.J. — New Jersey-based private equity real estate firm Sitex Group has purchased a 26,000-square-foot warehouse in Monroe Township, located outside of Trenton in Central New Jersey. The building sits on a 5.2-acre site at 30 Abeel Road and offers a clear height of 36 feet and outdoor storage space. Mike Kimmel of KBC Advisors brokered the deal. The seller and sales price were not disclosed. KBC Advisors has also been retained as the leasing agent.

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Marcus & Millichap Brokers $6.2M Sale of Jersey City Apartment Building

Taylor Williams — Wed, 25 Mar 2026 13:51:13 +0000

JERSEY CITY, N.J. — Marcus & Millichap has brokered the $6.2 million sale of a 19-unit apartment building in Jersey City. The four-story building at 358–362 Grove St. also includes three retail spaces. Devin Perez, Alan Cafiero and Dean Matuszewic of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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JLL Brokers Sale of 147,000 SF Shopping Center in North Brunswick, New Jersey

Taylor Williams — Tue, 24 Mar 2026 12:31:14 +0000

NORTH BRUNSWICK, N.J. — JLL has brokered the sale of The Shoppes at North Brunswick, a 147,000-square-foot shopping center located about 40 miles southwest of Manhattan. Built on 16 acres in 2007, the center was 86.7 percent leased at the time of sale. Tenants include Starbucks, Chipotle Mexican Grill, Bath & Body Works, Men’s Wearhouse, Crumbl Cookies, Banana Republic, Big Blue Swim School and Orangetheory Fitness. Jose Cruz, Kevin O’Hearn and J.B. Bruno of JLL represented the seller, an affiliate of local owner-operator The Azarian Group, in the transaction. The buyer was a local private investor.

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Cushman & Wakefield Arranges $136M Loan for Refinancing of Jersey City Apartment Building

Taylor Williams — Mon, 23 Mar 2026 14:18:39 +0000

JERSEY CITY, N.J. — Cushman & Wakefield has arranged a $136 million loan for the refinancing of Modera Lofts, a 366-unit apartment building located in the Powerhouse Arts District in Jersey City. Completed in 2016, Modera Lofts offers studio, one- and two-bedroom floor plans. Amenities include a fitness center, a rooftop deck, indoor lounge, 24-hour concierge services and a pet spa, and the building also houses about 13,000 square feet of retail space and unique rentable artist studios. John Alascio, Alex Hernandez, Chris Moyer, Chuck Kohaut, Alex Lapidus and Meredith Donovan of Cushman & Wakefield arranged the loan through J.P. Morgan on behalf of the borrower, Harrison Street Asset Management.

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Kislak Negotiates $20M Sale of Apartment Complex in Neptune City, New Jersey

Taylor Williams — Mon, 23 Mar 2026 14:07:53 +0000

NEPTUNE CITY, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $20 million sale of Hampshire Terrace, an 80-unit apartment complex located in the coastal New Jersey community of Neptune City. The garden-style, freshly renovated complex offers 56 one-bedroom units and 24 two-bedroom units. Robert Holland of Kislak represented the seller, Hampshire Associates, in the transaction. Daniel Lanni, also with Kislak, represented the undisclosed buyer.

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EQT Real Estate Buys 2 MSF Industrial Portfolio in Southern New Jersey

Taylor Williams — Mon, 23 Mar 2026 11:49:00 +0000

RADNOR, PA. — Pennsylvania-based owner-operator EQT Real Estate has purchased a portfolio of nine industrial buildings totaling approximately 2 million square feet in Southern New Jersey. The sales price was not disclosed. The buildings are part of a master-planned park that is located along the I-95/295 corridor and house a mix of light industrial and bulk warehousing uses. Buildings feature clear heights that range from 24 to 33 feet, as well as flexible suite sizes and a total of 134 dock doors across the portfolio. The names of the tenants were not disclosed, but the buildings are leased to “blue chip [operators] in manufacturing, distribution and logistics, including national and global occupiers,” according to EQT. The new ownership also plans to explore selective redevelopment and leasing initiatives, including targeted capital improvements and enhancements to building exteriors. Brian Fiurama, Brad Ruppel, Mike Hines and Joe Hill of CBRE represented the seller, an affiliate of insurance giant New York Life, in the transaction. “This portfolio offers scale, location and flexibility in one of the most resilient industrial corridors in the United States,” said Matthew Brodnik, global chief investment officer at EQT. “With strong structural demand for modern infill logistics space, we believe…

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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.

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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.

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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.

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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.

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