MORRIS PLAINS, N.J. — Local developer Chopp Holdings has sold an 89,100-square-foot office building in Morris Plains, about 30 miles west of New York City, for $10.2 million. The three-story building sits on a 16.5-acre site at 201 Littleton Road and recently underwent capital improvements. David Bernhaut, Frank DiTommaso, Andrew Schwartz, Jordan Sobel, Andre Balthazard, Dan Bottiglieri and Bill Baunach of Cushman & Wakefield represented the seller and procured the buyer, an affiliate of Agadia Systems Inc., in the transaction. Brian Anderson and Eddie Miro, also with Cushman & Wakefield, arranged acquisition financing for the deal.
WEST NEW YORK, N.J. — CBRE has negotiated the $2.9 million sale of a 12-unit apartment building located in the Northern New Jersey community of West New York. The two-story building at 440 60th St. features two floors of commercial space and three floors that house two-bedroom units. Fahri Ozturk, Richard Gatto, Tracy Trank and Zach McHale of CBRE represented the seller in the transaction. CBRE also procured the buyer. Both parties requested anonymity.
WEST ORANGE, N.J. — Fitness operator Iron Culture Gym has opened a 26,000-square-foot flagship facility in West Orange, about 20 miles west of Manhattan. The space formerly housed a 1950s-era bowling alley known as Eagle Rock Lanes. Titan Construction Management served as the general contractor for the adaptive reuse project. New Jersey-based Sym Heller Development & Management owns the building.
BAYONNE, N.J. — CBRE has brokered the $3.6 million sale of a 20-unit apartment building located in the Northern New Jersey community of Bayonne. The four-story building at 38-40 Kelly Parkway is located in the Constable Hook neighborhood and was originally constructed in 1920, according to LoopNet Inc. Fahri Ozturk, Richard Gatto, Tracy Trank and Zach McHale of CBRE represented the seller in the transaction. CBRE also procured the buyer. Both parties requested anonymity.
WESTFIELD, N.J. — Marcus & Millichap has brokered the $5 million sale of a 10,369-square-foot office building in the Northern New Jersey community of Westfield. The two-story building at 1 Elm St. was originally constructed in 1922 and renovated in 2018 and was fully leased at the time of sale. Alan Cafiero and David Cafiero of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer was also not disclosed.
PISCATAWAY, N.J. — Levin Management Corp. is underway on construction of a 54,000-square-foot industrial project in the Northern New Jersey community of Piscataway. The building will be located within Rutgers Industrial Center and will feature a clear height of 35 feet, eight loading docks, 31 parking spaces and 2,000 square feet of office space. Cushman & Wakefield is the leasing agent. Initial occupancy is slated for early 2026.
JERSEY CITY, N.J. — A partnership between two New York City-based firms, SJP Properties and Claremont Development, as well as Battery Global Advisors and PCCP LLC, will develop a 444-unit apartment building in Jersey City. The site is located at 619 Grove St., and the 24-story building will be known as The Lucy and will include 13 affordable housing units. The amenity package will consist of a rooftop pool, sky lounge, sundeck with grilling stations, a penthouse bar, coworking and conference rooms, fitness center, media and game room, speakeasy, hydroponic garden, multiple lounges, a coffee bar, grab-and-go market and a pet grooming station. Michael Graves Architecture is designing the project, and KL Masters Construction Co. is serving as the general contractor. Mary Cook Associates is handling interior design. Kennedy Wilson is financing construction, which is scheduled to begin in the coming weeks. Cushman & Wakefield arranged the construction debt and structured the joint venture between SJP and Claremont. A tentative completion date was not announced.
WHIPPANY, N.J. — Boston-based development and investment firm Marcus Partners has broken ground on an office-to-industrial conversion project in Whippany, located in Northern New Jersey. The project will convert a 40,000-square-foot vacant office building that sits on a 6.6-acre site at 35 S. Jefferson Road into a 72,000-square-foot logistics facility with a clear height of 36 feet. Truist Bank is financing the project, which is expected to be complete in the third quarter of 2026. JLL arranged the construction debt.
JERSEY CITY, N.J. — Locally based developer Tulfra Real Estate has completed a 797-unit self-storage project in Jersey City. The six-story, climate-controlled facility at 300 Thomas McGovern Drive spans 115,000 gross square feet and is part of a larger development known as Jersey City Self Storage that will ultimately comprise approximately 261,000 square feet (gross) across more than 2,400 units and two more phases of development. Fulton Bank financed construction of the project, which is a conversion of a former industrial site. JLL arranged the construction debt. Public Storage operates the facility.
BRIDGEWATER, N.J. — Continuum Advisors has brokered the sale of Laurel Circle, a 270-unit continuing care retirement community located in the Northern New Jersey community of Bridgewater. Totaling 270 units, Laurel Circle features 183 independent living apartments, 19 independent living villas, 30 assisted living residences, 10 memory care units and 28 skilled nursing units. The property also includes several undeveloped acres for future expansion. David Kliewer and Jay Jordan of Continuum arranged the transaction. An affiliate of Maxwell Group and Senior Living Communities was the buyer. The seller, a joint venture that included seniors housing owner-operator LCS, recently invested more than $15 million in capital improvements to the property.