New Jersey Archives - REBusinessOnline

Cushman & Wakefield Brokers Sale of 256,381 SF Industrial Portfolio in Northern New Jersey

Taylor Williams — Thu, 11 Jun 2026 14:45:00 +0000

CARLSTADT AND EAST RUTHERFORD, N.J. — Cushman & Wakefield has brokered the sale of a portfolio of four industrial buildings totaling 256,381 square feet in the Northern New Jersey communities of Carlstadt and East Rutherford. The buildings are collectively known as Kurv Meadowlands and feature clear heights of 16 to 27 feet. Gary Gabriel, Kyle Schmidt, Ryan Larkin and Seth Zuidema of Cushman & Wakefield represented the seller, JP Morgan Asset Management, in the transaction and procured the buyer, Kurv Industrial. John Alascio, Chuck Kohaut and TJ Sullivan, also with Cushman & Wakefield, arranged an undisclosed amount of acquisition financing for the deal through CIBC.

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Partnership Begins Leasing 256-Unit Apartment Complex in Hillsdale, New Jersey

Taylor Williams — Wed, 10 Jun 2026 14:48:00 +0000

HILLSDALE, N.J. — A partnership between BNE Real Estate Group, Claremont Development and March Development has begun leasing The Piermont, a 256-unit apartment complex in the Northern New Jersey community of Hillsdale. Designed by Studio Hillier Architects with interiors by Mary Cook Associates, The Piermont offers studio, one- and two-bedroom units, as well as townhomes. Amenities include a pool, fitness center, multiple lounges, outdoor grilling and dining stations, coworking space, coffee bar and indoor and outdoor gaming areas. Rents start at $2,700 per month for a studio apartment.

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JLL Brokers $24.5M Sale of Industrial Service Facility in Edison, New Jersey

Taylor Williams — Tue, 09 Jun 2026 14:23:47 +0000

EDISON, N.J. — JLL has brokered the $24.5 million sale of a 5.5-acre industrial service facility in the Central New Jersey community of Edison. The facility at 76 National Road features a 25,000-square-foot warehouse with a clear height of 16 feet, four dock doors and two drive-in doors. Jason Lundy, Nicholas Stefans and Luke Ceccoli of JLL represented the seller, K Group, in the transaction. Michael Klein, Max Custer, Kevin Badger and Matthew McManus, also with JLL, arranged an undisclosed amount of acquisition financing through an unnamed regional bank on behalf of the buyer, regional owner-operator Ridgecut Road.

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Northcott Silk USA Signs 38,728 SF Industrial Lease in Lyndhurst, New Jersey

Taylor Williams — Mon, 08 Jun 2026 14:17:10 +0000

LYNDHURST, N.J. — Northcott Silk USA has signed a 38,728-square-foot industrial lease in the Northern New Jersey community of Lyndhurst. The textile company is taking about half the space at the building at 1050 Valley Brook Ave., which according to LoopNet Inc. features a clear height of 24 feet, seven exterior dock doors and 70 car parking spaces. Robert Adams of Garden State Realty brokered the deal. Saddleback Real Estate Developers owns the building.

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Sprouts Farmers Market to Open 28,750 SF Grocery Store in Somerset, New Jersey

Taylor Williams — Mon, 08 Jun 2026 14:14:43 +0000

SOMERSET, N.J. — Sprouts Farmers Market will open a 28,750-square-foot grocery store in the Central New Jersey community of Somerset. The Phoenix-based grocer is taking space at the 219,000-square-foot Somerset Shopping Center. Vanessa Kelty and Ed Vasconcellos of Levin Management Corp. represented the undisclosed landlord in the lease negotiations. Mike Horn and Steven Winters of RIPCO Real Estate represented Sprouts. A tentative opening date has not yet been announced.

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Panepinto Properties Begins Leasing 53-Story Apartment Tower in Jersey City

Taylor Williams — Fri, 05 Jun 2026 14:40:54 +0000

JERSEY CITY, N.J. — Locally based developer Panepinto Properties has begun leasing 505 Summit, a 53-story apartment tower in the Journal Square area of Jersey City. The building offers 605 units in studio, one-, two- and three-bedroom floor plans. The property also features 4,000 square feet of street-level retail space, a landscaped public plaza, parking garage and 304 bicycle storage spaces. Residential amenities include an outdoor terrace with a pool, grilling stations, a resident lounge, coworking spaces, sports simulator and a fitness center. Pacific Life financed construction of the project, which began in the third quarter of 2023 and topped out last summer. Rents start at $3,350 per month for a studio apartment.

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IDI Logistics Breaks Ground on 154,387 SF Industrial Project in Piscataway, New Jersey

Taylor Williams — Fri, 05 Jun 2026 14:31:01 +0000

PISCATAWAY, N.J. — IDI Logistics has broken ground on a 154,387-square-foot industrial project in the Northern New Jersey community of Piscataway. The building at 1551 S. Washington Ave. will feature a rear-load configuration, clear height of 40 feet, 24 dock doors, two drive-in doors, 130-foot truck court depths and parking for 144 cars and 20 trailers. CBRE is marketing the building for lease. A tentative completion date was not announced.

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TRAC Intermodal Signs 31,000 SF Office Lease in Princeton, New Jersey

Taylor Williams — Fri, 05 Jun 2026 14:27:46 +0000

PRINCETON, N.J. — TRAC Intermodal has signed a 31,000-square-foot office lease in Princeton. The provider of logistics services is taking space on the third floor of the building at 600 College Road, which is part of the Princeton Point campus. Todd Elfand and Kevin Carton of Cushman & Wakefield represented the landlord, Nuveen Real Estate, in the lease negotiations. The tenant representative was not disclosed.

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CBRE Brokers Sale of 450,330 SF Industrial Building in Monroe Township, New Jersey

Taylor Williams — Thu, 04 Jun 2026 14:44:20 +0000

MONROE TOWNSHIP, N.J. — CBRE has brokered the sale of Eastpoint at Exit 8A, a 450,330-square-foot industrial building in Monroe Township, located in Central New Jersey. Built in 2018, the facility features a cross-dock configuration, clear height of 36 feet and 11,000 square feet of office space. Brian Fiumara and Brad Ruppel of CBRE represented the seller, Morgan Stanley, in the transaction, and procured the buyer, Property Reserve Inc. The building was fully leased at the time of sale to Iron Mountain Information Management.

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Kislak Negotiates $10M Sale of Northern New Jersey Office Building

Taylor Williams — Thu, 04 Jun 2026 14:28:22 +0000

PARSIPPANY, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $10 million sale of a 131,346-square-foot office building in the Northern New Jersey community of Parsippany. The building sits on an eight-acre site at 959 U.S. Route 46. Tom Scatuorchio and Matt Weilheimer of Kislak represented the buyer and seller, both of which requested anonymity, in the transaction.

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Cushman & Wakefield Arranges $56M Construction Loan for Northern New Jersey Industrial Project

Taylor Williams — Wed, 03 Jun 2026 14:18:14 +0000

RAHWAY, N.J. — Cushman & Wakefield has arranged a $56 million construction loan for a 277,818-square-foot industrial project in the Northern New Jersey community of Rahway. The 25.6-acre development will consist of two buildings totaling 201,616 and 76,202 square feet. Building features will include clear heights of 40 feet, 49 dock doors, three drive-in doors and parking for 230 cars and six trailers. John Alascio, Chuck Kohaut and T.J. Sullivan of Cushman & Wakefield arranged the loan through BMO on behalf of the developer, a partnership between Sagard Real Estate and Woodmont Industrial Partners.

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Cresa Negotiates 249,640 SF Data Center Lease in Carlstadt, New Jersey

Taylor Williams — Tue, 02 Jun 2026 14:15:59 +0000

CARLSTADT, N.J. — Cresa has negotiated a 249,640-square-foot data center lease in the Northern New Jersey community of Carlstadt. The tenant was not disclosed. The deal is for the entirety of the building at 600 Commerce Blvd., which was originally constructed in 2008 for a major banking institution. Michael Morris, Sumner Putnam, Kensey Gawne and Matt Deutsch of Cresa represented the landlord, local owner-operator Russo Development, in the lease negotiations.

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Marcus & Millichap Brokers Sale of Self-Storage Development Site in Ridgefield, New Jersey

Taylor Williams — Mon, 01 Jun 2026 14:56:52 +0000

RIDGEFIELD, N.J. — Marcus & Millichap has brokered the sale of a self-storage development site in the Northern New Jersey community of Ridgefield. The site at 1099 Hendricks Causeway is fully entitled and permitted, and the facility is planned to feature more than 73,000 net rentable square feet of space across approximately 1,200 climate-controlled units. Nathan Coe, Gabriel Coe and Brett Hatcher of Marcus & Millichap represented the seller, local owner-operator StorageBlue, in the transaction. The team also procured the buyer, Safely Store. Jim McGuckin of Marcus & Millichap assisted in closing the deal as the broker of record.

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SAGE Arranges $21.5M Sale of Northern New Jersey Apartment Building

Taylor Williams — Mon, 01 Jun 2026 14:51:19 +0000

PALISADES PARK, N.J. — SAGE Investment Real Estate Advisors, a locally based brokerage firm, has arranged the $21.5 million sale of a 99-unit apartment building in the Northern New Jersey community of Palisades Park. The unnamed building offers studio, one- and two-bedroom units. Greg Pine and Steve Tragash of SAGE brokered the deal. The buyer and seller were not disclosed.

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Colliers Brokers $5.2M Sale of Vacant Office Building in Parsippany, New Jersey

Taylor Williams — Fri, 29 May 2026 13:21:41 +0000

PARSIPPANY, N.J. — Colliers has brokered the $5.2 million sale of a vacant office building in the Northern New Jersey community of Parsippany. Automotive insurance company DOWC previously occupied the three-story building at 199 Pomeroy Road, which according to LoopNet Inc. was constructed in 1985 and renovated last year. Jacklene Chesler, Patrick Norris and Brittany Leventoff of Colliers represented the buyer and seller, both of which requested anonymity, in the transaction.

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ICON Real Estate Negotiates $7.9M Sale of Northern New Jersey Apartment Building

Taylor Williams — Tue, 26 May 2026 13:26:16 +0000

EAST ORANGE, N.J. — Local brokerage firm ICON Real Estate Advisors has negotiated the $7.9 million sale of a 58-unit apartment building in the Northern New Jersey community of East Orange. The two-story building at 223 Prospect St. was constructed in 1947 and exclusively offers two-bedroom units, according to Apartments.com. David Jarvis and David Oropeza of ICON brokered the deal on behalf of the buyer and seller, both of which were limited liability companies.

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New Jersey Retail: The Juice Is Worth The Squeeze

Taylor Williams — Wed, 20 May 2026 11:49:00 +0000

By Taylor Williams Much like the two major cities that border its northern and southern ends, New Jersey is, for retailers, restaurant groups and entertainment operators that are serious about establishing and growing national footprints, a market that checks every key box. Yet for all the similarities between the Manhattan or Center City Philadelphia retail markets that also apply to New Jersey — tight availability of space, high rents, time-consuming regulatory processes, strong residential density, healthy disposable incomes — brokers and owners that call the Garden State home also know that it’s a market unto itself. “Northern New Jersey is not the same as New York City,” confirms John Azarian, CEO of The Azarian Group, a longtime owner-operator of shopping centers in New Jersey and New York. “Retailers that want to venture into New York City want a different environment, and while we have a lot of density in Northern New Jersey, it’s just not the same as New York City. But if retailers are willing to do deals with different [store] formats, their businesses can do just as well here.” Kevin Pelio, Azarian’s executive vice president of leasing, says that tenants that started in other parts of the country…

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Cushman & Wakefield Arranges Construction Loan for 198-Unit Multifamily Project in Belmar, New Jersey

Taylor Williams — Tue, 19 May 2026 13:57:52 +0000

BELMAR, N.J. — Cushman & Wakefield has arranged an undisclosed amount of construction financing for Mara by Vermella, a 198-unit multifamily project in Belmar, located along the Jersey Shore. Mara by Vermella will be situated on a 3.2-acre site and will include 20 affordable housing units, as well as 5,480 square feet of retail space. Amenities will include a pool, fitness center with a yoga studio, coworking and resident lounge and outdoor grilling and dining stations. John Alascio, Chuck Kohaut and Meredith Donovan of Cushman & Wakefield placed the loan through PNC Bank on behalf of the borrower, Russo Development.

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Kislak Negotiates $6.8M Sale of Apartment Building in North Bergen, New Jersey

Taylor Williams — Tue, 19 May 2026 13:24:16 +0000

NORTH BERGEN, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $6.8 million sale of 2Six Apartments, an 18-unit multifamily building in North Bergen, located across the Hudson River from Manhattan. The three-story building houses six one-bedroom units and 12 two-bedroom units that were fully occupied at the time of sale. Davis Briones of Kislak brokered the deal. The buyer and seller were not disclosed.

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Colliers Brokers Sale of 45,800 SF Office Building in Warren, New Jersey

Taylor Williams — Tue, 19 May 2026 13:17:24 +0000

WARREN, N.J. — Colliers has brokered the sale of a 45,800-square-foot office building in the Central New Jersey community of Warren. The building at 45 Technology Drive was vacant at the time of sale. Jacklene Chesler, Patrick Norris and Brittany Leventoff of Colliers represented the seller and procured the buyer and future occupant, both of which requested anonymity, in the transaction.

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