Thursday, August 21, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

New Jersey

Port-Logistics-Center-at-Logan
DevelopmentIndustrialNew JerseyNortheast

J.G. Petrucci Breaks Ground on 1.8 MSF Port Logistics Center at Logan in New Jersey

by Taylor Williams

LOGAN TOWNSHIP, N.J. — Developer J.G. Petrucci Co. Inc. has broken ground on Port Logistics Center at Logan, a 1.8 million-square-foot industrial project in Logan Township, located in the southern part of the state. Construction is underway on Building A, which will span 1 million square feet and feature a clear height of 40 feet, 663 vehicle parking spaces and 241 trailer parking spaces. Completion of Building A is slated for the fourth quarter. The other three buildings, which total 261,000, 253,500 and 331,870 square feet, are currently being marketed for lease.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMultifamilyNew JerseyNortheast

Diversified Properties Completes Lease-Up of 35-Unit Apartment Complex in East Rutherford, New Jersey

by Taylor Williams

EAST RUTHERFORD, N.J. — Regional developer Diversified Properties has completed the lease-up of 480 Flatz, a 35-unit apartment complex in the Northern New Jersey community of East Rutherford. The property, which is now fully occupied, features one-, two- and three-bedroom units with granite countertops, stainless steel appliances and in-unit washers and dryers. Diversified Properties developed the property in a joint venture with North Jersey Builders Group.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNew JerseyNortheast

Cushman & Wakefield Brokers $6.1M Sale of Multifamily Building in Cliffside Park, New Jersey

by Taylor Williams

CLIFFSIDE PARK, N.J. — Cushman & Wakefield has brokered the $6.1 million sale of a 27-unit multifamily building in Cliffside Park, located across the Hudson River from Harlem. The sales price equates to roughly $226,000 per unit. Brian Whitmer, Andrew Schwartz, Jordan Sobel and Andre Balthazard of Cushman & Wakefield represented the seller, A&J Inc., and procured the buyer, JTS Inc., in the transaction. The property was fully occupied at the time of sale.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew JerseyNortheastOffice

Round Table Studios Opens 40,000 SF Coworking Space in Berkeley Heights, New Jersey

by Taylor Williams

BERKELEY HEIGHTS, N.J. — Round Table Studios, a provider of flexible and coworking solutions, has opened a 40,000-square-foot space in the Northern New Jersey city of Berkeley Heights. The space is located within The Park, a 185-acre mixed-use redevelopment. The space features configurable office suite studios, on-demand meeting rooms, a traditional coworking gallery and an upscale coworking library. Members also have access to The Park’s onsite amenities, including a 12,000-square-foot fitness center, biking and walking trails and a health clinic.

Continue Reading
FacebookTwitterLinkedinEmail
Wegmans-Retail-Center-Hanover-New-Jersey
AcquisitionsNew JerseyNortheastRetail

Mack-Cali Sells Grocery-Anchored Shopping Center in Hanover, New Jersey, for $46M

by Taylor Williams

HANOVER, N.J. — Mack-Cali Realty Corp. (NYSE: CLI) has sold Wegmans Retail Center, a 133,276-square-foot grocery-anchored retail center located about 30 miles west of New York City in Hanover. The sales price was $46 million. The property was built in phases between 2017 and 2020 and was fully leased to regional grocer Wegmans and Panera Bread at the time of sale. The sale also included two newly developed restaurant buildings that are leased to Capital Grille and Seasons 52. Jose Cruz, Kevin O’Hearn, Michael Oliver, Steve Simonelli, J.B. Bruno and Nicholas Stefans of JLL represented Mack-Cali in the transaction. The buyer was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew JerseyNortheastRestaurantRetail

Pinstripes to Open Entertainment Center in Paramus, New Jersey

by Taylor Williams

PARAMUS, N.J. — Pinstripes, an entertainment concept that combines bowling and bocce ball with food and beverages, will open a new venue at Westfield Garden State Plaza in the Northern New Jersey community of Paramus. The opening is scheduled for late 2022. Unibail-Rodamco-Westfield owns the 2.1 million-square-foot property.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialNew JerseyNortheast

Brookfield to Develop 176,000 SF Warehouse in Somerset, New Jersey

by Taylor Williams

SOMERSET, N.J. — Brookfield Asset Management has acquired a 15.3-acre site at 425-429 Elizabeth Ave. in the Northern New Jersey community of Somerset for the development of a 176,000-square-foot warehouse. Elli Klapper, Charles Berger, Mark Silverman, Bill Waxman, Kevin Dudley and David Gheriani of CBRE represented Brookfield in its acquisition of the land. Construction is set to begin at some point in 2022.

Continue Reading
FacebookTwitterLinkedinEmail
Somerset-Corporate-Center-V-Bridgewater-New-Jersey
Leasing ActivityNew JerseyNortheastOffice

Qualcomm Signs 95,579 SF Office Lease Extension in Bridgewater, New Jersey

by Taylor Williams

BRIDGEWATER, N.J. —Qualcomm has signed a 95,579-square-foot office lease extension at Somerset Corporate Center V in Bridgewater, located in the central part of the Garden State. The San Diego-based tech giant has been a tenant at the five-building, 1.2 million-square-foot campus since 2007. New York City-based SJP Properties owns Somerset Corporate Center. The campus includes a 170,000-square-foot athletic facility, a 31,000-square-foot coworking space, a 150-room AC Hotel by Marriott and multiple food and beverage options. Somerset Corporate Center is also located near both Newark International Airport and New York City and offers access to public transportation, including shuttle service to the Somerville train station just two miles from the property.

Continue Reading
FacebookTwitterLinkedinEmail
The-Alivia-Maplewood-New-Jersey
AcquisitionsMultifamilyNew JerseyNortheast

Kislak Brokers $7.6M Sale of Apartment Building in Maplewood, New Jersey

by Taylor Williams

MAPLEWOOD, N.J. — The Kislak Co. Inc. has brokered the $7.6 million sale of The Alivia, a 20-unit apartment building in Maplewood, located in Essex County. All units feature walk-in closets and full-size washers and dryers, and select units offer balconies. Amenities include a fitness center, lounge, virtual concierge service and storage lockers. Joni Sweetwood of Woodbridge, N.J-based Kislak represented the seller and developer, 479 Valley Road LLC, in the transaction. Sweetwood also procured the buyer, Sunblossom Alivia 479, LLC.

Continue Reading
FacebookTwitterLinkedinEmail
55-Union-St.-Newark
DevelopmentLoansMultifamilyNew JerseyNortheast

Greystone Arranges $94M Construction Loan for Newark Multifamily Project

by Taylor Williams

NEWARK, N.J. — Greystone has arranged a $94 million construction loan for a 403-unit multifamily project that will be located at 55 Union St. in downtown Newark. The project will include 3,000 square feet of retail space and a 196-space parking garage. The amenity package will consist of a rooftop garden and entertainment area, an outdoor courtyard with grills, fire pits and lounge space and a fitness center. Drew Fletcher, Matthew Hirsch and Steven Deck of Greystone placed the debt on behalf of the developer, J&L Cos. Inc. A four-bank syndicate led by Valley National Bank and including Bank Hapoalim, Abanca USA and TriState Capital Bank provided the loan.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts