Monday, July 14, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

New Jersey

Lincoln-Logistics-Bayonne-New-Jersey
DevelopmentIndustrialNew JerseyNortheast

Lincoln Equities to Develop 332,640 SF Spec Industrial Project in Bayonne, New Jersey

by Taylor Williams

BAYONNE, N.J. — Locally based developer Lincoln Equities Group will soon break ground on Lincoln Logistics Bayonne, a 332,640-square-foot speculative industrial project in Northern New Jersey. The facility will be situated on a 24-acre tract within a 153-acre waterfront site at which an 886,256-square-foot UPS shipping hub is currently under construction. Lincoln Logistics Bayonne will feature five acres of parking space that can support 195 trailers and 225 cars, or 45 trailers and 800 cars. Cushman & Wakefield is marketing the project for lease. Construction is expected to be complete by the end of the year.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNew JerseyNortheast

Oxford Properties, EverWest Buy 78,000 SF Warehouse in East Brunswick, New Jersey

by Taylor Williams

EAST BRUNSWICK, N.J. — A joint venture between global asset manager Oxford Properties Group and Denver-based EverWest Real Estate Investors has purchased a 78,000-square-foot warehouse in East Brunswick, about 40 miles south of Manhattan. The sales price was $18 million. The property was vacant at the time of sale, and the new ownership plans to redevelop the eight-acre site to house a modern logistics facility. The seller was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Valley-National-Bank-Morristown-New-Jersey
DevelopmentNew JerseyNortheastOffice

SJP, Scotto Underway on 120,000 SF Headquarters Project for Valley National Bank in Morristown, New Jersey

by Taylor Williams

MORRISTOWN, N.J. — A partnership between New York City-based SJP Properties and locally based developer Scotto Properties is underway on a new headquarters project for Valley National Bank in the Northern New Jersey community of Morristown. The development team has commenced demolition work of the existing structures on the site, and vertical construction will begin later this spring. Upon completion, which is slated for May 2023, Valley National Bank will relocate from Wayne, N.J. The company ultimately plans to employ about 660 people at its new campus, which will also house 14,500 square feet of retail space. Gensler designed the project.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNew JerseyNortheast

Oxford Properties, EverWest Buy 113,079 SF Warehouse in Edison, New Jersey

by Taylor Williams

EDISON, N.J. — A joint venture between global asset manager Oxford Properties Group and Denver-based EverWest Real Estate Investors has purchased a 113,079-square-foot warehouse in Edison, about 35 miles south of Manhattan. The sales price was $21 million. Building features include clear heights of 20 to 24 feet, 11 dock-high doors and 100-foot truck court depths. The joint venture acquired the property via a sale-leaseback with the seller/tenant, food products supplier ISC Gums.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilyNew JerseyNortheast

Wick Cos. Completes 146-Unit Multifamily Project in Woodbridge, New Jersey

by Taylor Williams

WOODBRIDGE, N.J. — Locally based developer Wick Cos. has completed The Park at Woodbridge Station, a 146-unit multifamily project in Northern New Jersey. The transit-oriented property offers one-, two- and three-bedroom units with stainless steel appliances, wood-grain cabinets and full-size washers and dryers. Amenities include a coffee bar, fitness center, community room with a chef’s kitchen, dog run, game room and a rooftop deck with outdoor grilling and dining areas. Rents start at $1,775 per month for a one-bedroom unit.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew JerseyNortheastOffice

Colliers Negotiates 16,500 SF Office Lease Extension, Expansion in Morristown, New Jersey

by Taylor Williams

MORRISTOWN, N.J. — Colliers has negotiated a 16,500-square-foot office lease extension and expansion at Headquarters Plaza in the Northern New Jersey community of Morristown. The tenant, PLT Health Solutions, develops and markets organic ingredients for the food industry and is expanding by 6,500 square feet. Samuel Horowitz, Chris Hovanec and Ray Iodice of Colliers represented PLT Health Solutions, which has been a tenant at Headquarters Plaza for 30 years, in the lease negotiations. Robert Donnelly and Benjamin Brenner of Cushman & Wakefield represented the undisclosed landlord.

Continue Reading
FacebookTwitterLinkedinEmail
West-Windsor-Commons-Princeton
AcquisitionsNew JerseyNortheastOffice

JLL Brokers Sale of 302,000 SF West Windsor Commons Office Complex in Princeton

by Taylor Williams

PRINCETON, N.J. — JLL has brokered the sale of West Windsor Commons, a two-building, 302,000-square-foot office complex in Princeton. The property was fully leased at the time of sale to tenants such as Bristol Myers Squibb and Merrill Lynch/Bank of America. Amenities include a courtyard, fitness center and a cafeteria. Jose Cruz, Kevin O’Hearn, Michael Oliver, Steve Simonelli, Alexander Alfier, David Stifelman and Jason Benson of JLL represented the seller, a partnership between insurance companies John Hancock Financial and Manulife, in the transaction. The team also procured the undisclosed buyer.

Continue Reading
FacebookTwitterLinkedinEmail
Seafrigo-Cold-Storage-Elizabeth-New-Jersey
AcquisitionsIndustrialNew JerseyNortheast

JLL Negotiates Sale of 138,642 SF Cold Storage Facility in Elizabeth, New Jersey

by Taylor Williams

ELIZABETH, N.J. — JLL has negotiated the sale of a 138,642-square-foot cold storage facility located in the Northern New Jersey community of Elizabeth. Built in 2016, the property features 60-foot clear heights, 18 temperature-controlled loading docks and 4,800 square feet of office space. In addition, the property was fully leased to Seafrigo Cold Storage at the time of sale. Michael Oliver, Marc Duval, Jordan Avanzato, Nicholas Stefans and Jose Cruz of JLL represented the undisclosed buyer in the transaction. The seller, a joint venture between The Avidan Group and Elberon Development Group, was represented in-house.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNew JerseyNortheast

Redwood Realty Advisors Arranges $2.7M Sale of Northern New Jersey Multifamily Property

by Taylor Williams

WEEHAWKEN, N.J. — Locally based brokerage firm Redwood Realty Advisors has arranged the $2.7 million sale of a 21-unit multifamily property in the Northern New Jersey community of Weehawken. The property consists of 20 one-bedroom units and one four-bedroom unit. Steve Matovski of Redwood Realty Advisors brokered the deal. The buyer and seller were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
3-Acres-Jersey-City
DevelopmentMultifamilyNew JerseyNortheast

Local Developer Completes 629-Unit Apartment Community in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — A developer doing business as 400 Claremont LLC has completed 3 Acres, a 629-unit apartment community in Jersey City. Designed by Marchetto Higgins Stieve, the property offers micro studio, studio, one- and two-bedroom units with quartz countertops, stainless steel appliances and individual washers and dryers. Indoor amenities include a fitness center, saunas, conference room, work pods, demonstration kitchen, multi-sport simulator and screening room, resident lounge and a game room with a mini bowling alley. Outside, residents have access to a rooftop terrace with a pool, as well as a dog run and courtyards with dining stations, workout areas and games. The property is roughly 50 percent leased, and rents start at $1,575 per month for a one-bedroom unit.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts