Saturday, July 12, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

New Jersey

LogistiCenter-at-Woolwich-New-Jersey
IndustrialLeasing ActivityNew JerseyNortheast

J&J Snack Foods Signs 200,640 SF Industrial Lease in Woolwich Township, New Jersey

by Taylor Williams

WOOLWICH, TOWNSHIP, N.J. — J&J Snack Foods, a food manufacturer known for brands such as Super Pretzel, ICEE and Luigi’s, has signed a 200,640-square-foot industrial lease in Woolwich Township, located in Gloucester County. The space is located within LogistiCenter at Woolwich, a 1 million-square-foot development by Nevada-based Dermody Properties that will be fully complete by late 2022. Drew Green, Paul Touhey and Dan McGovern of CBRE represented the landlord in the lease negotiations. The deal is expected to add about 90 new jobs to the local economy.

Continue Reading
FacebookTwitterLinkedinEmail
49-Fisk-Street-Jersey-City
LoansMultifamilyNew JerseyNortheast

JLL Arranges $65M Construction Loan for Jersey City Multifamily Project

by Taylor Williams

JERSEY CITY, N.J. — JLL has arranged a $65 million construction loan for 49 Fisk Street, a 337-unit multifamily project in Jersey City. The six-story community will be a redevelopment of an industrial building and will include 143 parking spaces. Units will come in studio, one- and two-bedroom floor plans, average 612 square feet and feature stainless steel appliances, quartz countertops and individual washers and dryers. Amenities will include a fitness center, game room, an 18,000-square-foot rooftop deck with grilling stations, community garden, coworking spaces, a 14,000-square-foot green park, a speakeasy-style bar and shuttle service to a nearby public transit station. Mike Tepedino, Michael Gigliotti, Thomas Didio Jr., Max Custer and Carlos Silva of JLL arranged the four-year, floating-rate loan through Bank OZK on behalf of the borrower, Halpern Real Estate Ventures. Completion is slated for late 2023.

Continue Reading
FacebookTwitterLinkedinEmail
600-E.-Crescent-Ave.-Upper-Saddle-River-New-Jersey
AcquisitionsNew JerseyNortheastOffice

Wellington Negotiates Sale of 75,000 SF Office Building in Northern New Jersey

by Taylor Williams

UPPER SADDLE RIVER, N.J. — New Jersey-based brokerage firm Wellington Real Estate has negotiated the sale of Sherbrooke Office Center, a 75,000-square-foot building in Upper Saddle River, located near the New York-New Jersey border. The four-story building is located at 600 E. Crescent Ave. Wellington represented the seller, Sherbrooke Holding Co. LLC, in the transaction. Additional terms of sale were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNew JerseyNortheast

Seagis Property Group Acquires 63,000 SF Warehouse in South Hackensack, New Jersey

by Taylor Williams

SOUTH HACKENSACK, N.J. — Metro Philadelphia-based investment firm Seagis Property Group has acquired a 63,000-square-foot warehouse in South Hackensack, located outside of New York City in the Meadowlands submarket. The property was fully leased at the time of sale. The seller and sales price were not disclosed. The deal increases the size of Seagis Property Group’s New Jersey portfolio to 33 buildings totaling 5.2 million square feet.

Continue Reading
FacebookTwitterLinkedinEmail
Brick-of-Hackensack
DevelopmentMultifamilyNew JerseyNortheast

Enburg Group Opens 378-Unit Apartment Community in Hackensack, New Jersey

by Taylor Williams

HACKENSACK, N.J. — Enburg Group, a developer that was established in Taiwan in 1978 as a food manufacturer, has opened Brick of Hackensack, a 378-unit apartment community in the Northern New Jersey city’s downtown area. The 15-story building features studio, one- and two-bedroom units that are furnished with stainless steel appliances, marble quartz countertops and individual washers and dryers. Amenities include a pool, fitness center with a yoga studio and a clubhouse with a pool table and TVs. Rents start at $1,800 per month for a studio unit.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsLoansMultifamilyNew JerseyNortheast

JLL Negotiates Sale of 163-Unit Apartment Community in Montclair, New Jersey

by Taylor Williams

MONTCLAIR, N.J. — JLL has negotiated the sale of Montclair Residences at Bay Street Station, a 163-unit apartment community in Northern New Jersey. Built in 2008, the transit-oriented property features studio, one- and two-bedroom units with stainless steel appliances, granite countertops and individual washers and dryers. Amenities include a pool, fitness center, lounge and outdoor grilling areas. Jose Cruz, Steve Simonelli, J.B. Bruno, Michael Oliver and Kevin O’Hearn of JLL represented the seller, New York-based Clarion Partners, in the transaction. Natixis, an international investment bank based in Paris, provided a $54 million, floating-rate acquisition loan to the buyer, a joint venture between Mill Creek Residential and Cigna Investment Management. Matthew Pizzolato, Andy Scott, Tom Didio Jr. and Gerard Quinn of JLL placed the debt.

Continue Reading
FacebookTwitterLinkedinEmail
803-South-Avenue-Plainfield-New-Jersey
LoansMultifamilyNew JerseyNortheast

Progress Capital Arranges $17.6M Construction Loan for Northern New Jersey Multifamily Project

by Taylor Williams

PLAINFIELD, N.J. — Progress Capital has arranged a $17.6 million construction loan for a 104-unit multifamily project in the Northern New Jersey community of Plainfield. In addition to one commercial space, the property will offer 10 studio apartments, 61 one-bedroom units and 33 two-bedroom residences. Amenities will include a clubhouse, fitness center and outdoor grilling and recreational areas. Brad Domenico and Eddie Miro of Progress Capital arranged the three-year, interest-only loan through Trevian Capital on behalf of the borrower, West of Hudson Properties.

Continue Reading
FacebookTwitterLinkedinEmail
491-Edward-H.-Ross-Drive-Elmwood-Park-New-Jersey
Leasing ActivityLife SciencesNew JerseyNortheast

BioReference Laboratories Signs 160,000 SF Life Sciences Lease in Elmwood Park, New Jersey

by Taylor Williams

ELMWOOD PARK, N.J. — BioReference Laboratories, an operator focused on the genetics, women’s health, oncology and urology fields, has signed a 160,000-square-foot life sciences lease renewal in the Northern New Jersey community of Elmwood Park. The tenant now operates three full-building labs totaling 209,904 square feet at 481, 487 and 491 Edward H. Ross Drive. Chris Olsen of Eagle Real Estate Group represented the tenant in the lease negotiations. Stephen Jennings represented the landlord, New Jersey-based Alfred Sanzari Enterprises, on an internal basis.

Continue Reading
FacebookTwitterLinkedinEmail
First-Bordentown-Logistics-Center-New-Jersey
DevelopmentIndustrialNew JerseyNortheast

First Industrial to Develop 208,000 SF Spec Distribution Center in Bordentown, New Jersey

by Taylor Williams

BORDENTOWN, N.J. — Chicago-based First Industrial Realty Trust will develop First Bordentown Logistics Center, a 208,000-square-foot speculative distribution center that will be located on the southern outskirts of Trenton. Building features will include a clear height of 36 feet, 45 trailer stalls, 42 dock doors, an ESFR sprinkler system and 2,950 square feet of office space. Jonathan Klear and Fred Meyer of NAI Mertz represented the undisclosed seller in the disposition of the 20-acre site on which the property will be located. Along with Cushman & Wakefield, NAI Mertz has also been tapped to market the facility for lease. Completion is slated for late 2022.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilyNew JerseyNortheast

JLL Arranges Two Loans Totaling $45.5M for Refinancing of New Jersey Apartments

by Taylor Williams

NUTLEY AND PALISADES PARK, N.J. — JLL has arranged two loans totaling $45.5 million for the refinancing of a pair of multifamily properties totaling 321 units in Northern New Jersey. Village Manor is a 227-unit community in Nutley that was originally built in 1950 and features one- and two-bedroom units ranging in size from 659 to 910 square feet. Palisades Manor is a 94-unit complex that was originally constructed in 1935 and offers studio, one- and two-bedroom units with an average size of 946 square feet. John Hancock Financial provided the fixed-rate loans, which respectively total $31.5 million and $14 million, to the borrower, Tidewater Real Estate. Greg Nalbandian and Michael Lachs of JLL placed the loans.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts