New Jersey Archives - REBusinessOnline

Walker & Dunlop Arranges $60M Loan for Refinancing of Mixed-Use Campus in Tinton Falls, New Jersey

Taylor Williams — Thu, 08 Oct 2026 14:48:35 +0000

TINTON FALLS, N.J. — Walker & Dunlop has arranged a $60 million bridge loan for the refinancing of Bell Works Fort Monmouth, a mixed-use campus in the Northern New Jersey community of Tinton Falls. Bell Works Fort Monmouth is a 276,900-square-foot redevelopment of the former headquarters facility of cybersecurity firm CommVault. The borrower and lead developer, Inspired by Somerset Development, purchased the site in early 2025 and is repositioning the campus to feature office space, retail and restaurant space, coworking facilities and community-focused amenities. Dustin Stolly, Aaron Appel, Sean Reimer, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Ari Hirt and Stanley Cayre of Walker & Dunlop arranged the loan through Hudson Bay Capital on behalf of Inspired by Somerset, which has partnered with H.I.G. Realty Partners on the project.

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Marcus & Millichap Brokers $4.7M Sale of Retail Center in Flemington, New Jersey

Taylor Williams — Thu, 08 Oct 2026 14:33:17 +0000

FLEMINGTON, N.J. — Marcus & Millichap has brokered the $4.7 million sale of Hunterdon Commons, a 57,935-square-foot retail center in the Northern New Jersey community of Flemington. The center was built on 5.9 acres in 1989 (renovated in 2017) and was 97 percent leased to 13 tenants at the time of sale. Brent Hyldahl and Alan Cafiero of Marcus & Millichap represented the seller, a family office, in the transaction and procured the undisclosed buyer.

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JLL Brokers Sale of 81,000 SF Industrial Building in Rockaway, New Jersey

Taylor Williams — Fri, 02 Oct 2026 14:53:44 +0000

ROCKAWAY, N.J. — JLL has brokered the sale of an 81,000-square-foot industrial building in the Northern New Jersey community of Rockaway. The shallow-bay building at 385 Franklin Ave. features a clear height of 22 feet, 13 dock doors and an average suite size of 7,400 square feet. Nicholas Stefans, Jason Lundy and Luke Ceccoli of JLL represented the seller, LM Real Estate Partners, in the transaction. NorthBridge Partners acquired the facility for an undisclosed price.

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PCCP Provides $66.8M Construction Loan for Northern New Jersey Multifamily Project

Taylor Williams — Tue, 29 Sep 2026 14:30:22 +0000

FAIR LAWN, N.J. — Los Angeles-based PCCP LLC has provided a $66.8 million senior construction loan for Plaza Greene, a 145-unit multifamily project that will be located in the Northern New Jersey community of Fair Lawn. Floor plans were not disclosed, but about 12 percent (18) of the residences will be reserved as affordable housing, and all residences will be subject to age restrictions. Amenities will include a fitness center, spa and a landscaped courtyard, and a 22,300-square-foot Sprouts Farmers Market will anchor the building’s ground-floor retail space. The borrower is a partnership between regional owner-operator Sterling Properties and New Jersey-based Danbro Properties.

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CoreWeave Signs 31,000 SF Office Lease Expansion in Livingston, New Jersey

Taylor Williams — Tue, 29 Sep 2026 14:18:10 +0000

LIVINGSTON, N.J. — CoreWeave has signed a 31,000-square-foot office lease expansion at its headquarters facility in the Northern New Jersey community of Livingston. The cloud computing company now occupies 62,000 square feet at The Eisenhower, a 385,000-square-foot building. Jamie Ragucci, Kevin Murphy and Aaron Sommer of Newmark represented CoreWeave in the lease negotiations. Jon Meisel, Erin Wenzler and Dan Casey of CBRE, along with internal agent Eric Maurer, represented the landlord, Eastman Cos.

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Newmark Arranges $310M Construction Loan for Jersey City Multifamily Project

Taylor Williams — Mon, 28 Sep 2026 14:00:32 +0000

JERSEY CITY, N.J. — Newmark has arranged a $310 million construction loan for an 873-unit multifamily project in Jersey City. The project represents the first of two phases in a larger development at 547-555 Summit Ave. that will ultimately add 1,542 units to the local supply. The first building at 555 Summit Ave. will rise 47 stories and offer studio, one- and two-bedroom units, as well as 2,300 square feet of retail space. Amenities will include a fitness center, rooftop lounge, clubroom and coworking space. Jordan Roeschlaub, Nick Scribani, Max Ralby and Dante DiStefano of Newmark arranged the financing on behalf of the borrower, Namdar Group.

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FRP Development Delivers 170,800 SF Industrial Project in Hamilton, New Jersey

Taylor Williams — Mon, 28 Sep 2026 13:52:24 +0000

HAMILTON, N.J. — FRP Development Corp., a subsidiary of FRP Holdings (NYSE: FRPH) has delivered Logistics Center at Hamilton, a 170,800-square-foot industrial project in Central New Jersey. The site spans 15 acres at the intersection of I-195 and Route 130, and the building features a clear height of 36 feet, 27 dock-high loading doors, two drive-in doors, 3,000 square feet of office space and parking for 185 cars and 27 trailers. FRP developed the project in a joint venture with global real estate manager DWS. KBC Advisors is the leasing agent.

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CBRE Arranges Sale of 384-Unit Apartment Community in Somerset, New Jersey

Taylor Williams — Thu, 24 Sep 2026 13:48:28 +0000

SOMERSET, N.J. — CBRE has arranged the sale of a 384-unit apartment community located in the Central New Jersey community of Somerset. The Grove at Somerset was built on 41 acres in 2013. The property features studio, one-, two- and three-bedroom units, 58 of which are designated as affordable housing. Amenities include a pool with a sundeck, resident clubhouse with a lounge area, business center, fitness center, playground and a dog park. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer and Eric Greenberg of CBRE represented the buyer, Los Angeles-based owner-operator TruAmerica, in the off-market transaction. The seller was Harbor Group International. The sales price was not disclosed.

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Marcus & Millichap Brokers $4M Sale of Apartment Building in Kearny, New Jersey

Taylor Williams — Thu, 24 Sep 2026 13:36:14 +0000

KEARNY, N.J. — Marcus & Millichap has brokered the $4 million sale of Helena Arms, a 17-unit apartment building in the Northern New Jersey community of Kearny. The three-story building was constructed in 1969 and houses two studios, six one-bedroom units and nine two-bedroom apartments. Devin Perez, Alan Cafiero and Dean Matuszewicz of Marcus & Millichap represented the seller, a private investor, in the off-market transaction, and procured the undisclosed buyer. Mark Litwack of Marcus & Millichap Capital Corp. arranged acquisition financing for the deal.

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JLL Negotiates Sale of 93,785 SF Shopping Center in Linden, New Jersey

Taylor Williams — Wed, 23 Sep 2026 13:35:48 +0000

LINDEN, N.J. — JLL has negotiated the sale of The Shops at Legacy Square, a 93,785-square-foot shopping center located in the Northern New Jersey community of Linden. Built in 2021, the center was roughly 81 percent leased at the time of sale to tenants such as Starbucks, Panera Bread, Taco Bell, Wawa, Chick-fil-A, AFC Urgent Care and Aspen Dental. J.B. Bruno, Kevin O’Hearn, Jose Cruz and Cole Doyon of JLL represented the seller, a partnership between Stockbridge Capital Group and Cypress Equities, in the transaction. Michael Klein and Max Custer, also with JLL, arranged acquisition financing for the deal on behalf of the buyer, a partnership between Lamar Cos. and Real Capital Solutions.

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Walters Completes 72-Unit Affordable Housing Project in Hainesport, New Jersey

Taylor Williams — Tue, 22 Sep 2026 13:42:00 +0000

HAINESPORT, N.J. — New Jersey-based developer Walters has completed a 72-unit affordable housing project in Hainesport, located outside of Philadelphia in Southern New Jersey. Cornerstone at Hainesport consists of six buildings that house one-, two- and three-bedroom units that are reserved for households earning 60 percent or less of the area median income. Amenities include a basketball court, children’s play area and a clubhouse with computer workstations. Construction began in early 2025.

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Partnership Begins Leasing 27-Story Apartment Building in Jersey City

Taylor Williams — Fri, 18 Sep 2026 14:17:07 +0000

JERSEY CITY, N.J. — A partnership between RXR, Columbia Property Trust, Strategic Value Partners LLC and One Investment Management has begun leasing Hudson House West, a 27-story apartment building in Jersey City’s SoHo West neighborhood. The 338-unit building represents the third and final phase of a larger development known as the Hudson House Collection, which includes another 27-story building (Hudson House East) and a five-story adaptive reuse building known as Radio Lofts. Combined, the buildings total 829 units in addition to 48,000 square feet of retail space. Residences at Hudson House West come in studio, one-, two- and three-bedroom floor plans. Amenities include two pools, outdoor grilling and dining stations, a sky lounge, fitness center, coffee bar, children’s playroom, game lounges, coworking space, an indoor soccer field and a basketball court.

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Benmark Capital Provides $38M Loan for Refinancing of Workforce Housing Portfolio in Paterson, New Jersey

Taylor Williams — Fri, 18 Sep 2026 14:08:28 +0000

PATERSON, N.J. — Benmark Capital, a private equity firm with offices in Miami and New Jersey, has provided a $38 million loan for the refinancing of a portfolio of two workforce housing buildings totaling 203 units in the Northern New Jersey community of Paterson. The buildings house one-, two- and three-bedroom units, and the portfolio, which includes six commercial spaces, was 99 percent occupied at the time of the loan closing. Marc Waldman of KentMoore Capital arranged the loan on behalf of the locally based borrower, Ania Management.

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NRG Adventure Park to Open 59,000 SF Entertainment Venue in Paramus, New Jersey

Taylor Williams — Thu, 17 Sep 2026 14:21:26 +0000

PARAMUS, N.J. — NRG Adventure Park will open a 59,000-square-foot entertainment venue in the Northern New Jersey community of Paramus. The space is located above a 100,000-square-foot grocery store at Paramus Park South shopping center and will house a ropes course, trampolines, a climbing wall and virtual-reality games. Jamie Sackheim of TSCG represented the landlord, a joint venture led by Heidenberg Properties Group, in the lease negotiations. Jerry Welkis and Stephan Miller of Welco Realty represented NRG.

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Basis Industrial Receives $24M Construction Loan for Self-Storage Project in Wayne, New Jersey

Taylor Williams — Wed, 16 Sep 2026 13:34:43 +0000

WAYNE, N.J. — Florida-based owner-operator Basis Industrial has received a $24 million construction loan for a self-storage project in the Northern New Jersey community of Wayne. ExtraSpace Storage will operate the facility at 555 Hamburg Turnpike, which will span 85,330 net rentable square feet across 586 climate-controlled units. Construction is underway and expected to be complete in early 2028. NexBank and NexPoint provided the loan.

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Cushman & Wakefield Arranges $163.9M Construction Loan for Northern New Jersey Multifamily Project

Taylor Williams — Mon, 14 Sep 2026 14:10:30 +0000

PARAMUS, N.J. — Cushman & Wakefield has arranged a $163.9 million construction loan for The Bergen Chapter, a 426-unit multifamily project that will be located adjacent to Bergen Town Center Mall in the Northern New Jersey community of Paramus. The Bergen Chapter will consist of two five-story residential buildings in which 15 percent of the units will be subject to income restrictions. The Bergen Chapter will feature amenities such as a pool, fitness center, lounges, coworking space and landscaped courtyards, as well as ground-floor retail space. John Alascio, Alex Hernandez, Chuck Kohaut, Alan Blank and Chris Meloni of Cushman & Wakefield arranged the debt through PCCP LLC on behalf of the borrower, a joint venture between two New Jersey-based firms, KRE Group and Russo Development.

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Advance Realty Completes 52-Unit Apartment Building in Hoboken

Taylor Williams — Mon, 14 Sep 2026 13:57:22 +0000

HOBOKEN, N.J. — Locally based developer Advance Realty Investors has completed Willow House, a 52-unit apartment building in Hoboken. Designed by locally based MVMK Architects and Living Systems, the eight-story building houses studio, one-, two- and three-bedroom units in addition to 6,000 square feet of retail space. Amenities include a lobby lounge, fitness center, coworking space, package room and a rooftop deck. Leasing began in mid-June, at which point rents started in the mid-$4000s per month for a studio apartment. Construction began in winter 2024.

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STRO Cos., KRE Group Acquire 120,000 SF Industrial Portfolio in Elmwood Park, New Jersey

Taylor Williams — Fri, 11 Sep 2026 14:43:54 +0000

ELMWOOD PARK, N.J. — A partnership between two locally based investment firms, The STRO Cos. and KRE Group, has acquired a portfolio of three industrial buildings totaling approximately 120,000 square feet in the Northern New Jersey community of Elmwood Park. The buildings are situated on a combined 7.4 acres at the intersection of I-80 and the Garden State Parkway. Both buildings feature clear heights of 20 feet. The partnership plans to reposition one of the buildings to support industrial outdoor storage use. IDB financed the acquisition. The seller and sales price were not disclosed.

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Colliers Brokers $13.6M Sale of Medical Office Portfolio in Toms River, New Jersey

Taylor Williams — Wed, 09 Sep 2026 14:37:38 +0000

TOMS RIVER, N.J. — Colliers has brokered the $13.6 million sale of a portfolio of two medical office buildings totaling 55,680 square feet in Toms River, located near the Jersey Shore. The buildings at 1-3 Plaza Drive total 37,621 and 18,059 square feet, respectively, and had a combined occupancy rate of 98 percent at the time of sale. Tenants include Physicians Surgicenter, University Radiology Group and Astera Cancer Care. Jacklene Chesler, Patrick Norris and Brittany Leventoff of Colliers represented the seller, New Jersey-based Horizon Equities, in the transaction. The buyer was undisclosed.

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Larken Associates Completes Renovation of 67,040 SF Office Building in Flemington, New Jersey

Taylor Williams — Wed, 09 Sep 2026 14:26:08 +0000

FLEMINGTON, N.J. — Locally based owner-operator Larken Associates has completed the renovation of Raritan Commons, a 67,040-square-foot office building in Flemington, about 60 miles southwest of Manhattan. Renovations included upgrades to common areas and hallways, including new sconces and LED lighting, furniture, signage, flooring, wallpaper and wall paintings. Additionally, the firm remodeled common-area bathrooms with new flooring, walls, fixtures, lighting, countertops and partitions.

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