ROCHELLE PARK, N.J. — Tulfra Real Estate, a locally based investment and development firm, has sold an 816-unit self-storage facility in the Northern New Jersey community of Rochelle Park. The four-story, 113,000-square-foot facility is located within the seven-acre Village Center of Rochelle Park mixed-use development. The buyer was Columbia Self Storage. Tulfra Real Estate acquired the property, a former AT&T data site, in late 2018.
EAST RUTHERFORD, N.J. — A joint venture between Diversified Properties and North Jersey Builders Group has completed construction of 480 Flatz, a 35-unit multifamily project in the Northern New Jersey community of East Rutherford. Units feature two- and three-bedroom floor plans and are furnished with granite countertops, stainless steel appliances and individual washers and dryers. Project partners included Thomas J. Brennan Architects, MCB Engineering Associates and Morris Construction Management. Kearny Bank provided construction financing.
WOOLWICH TOWNSHIP, N.J. — Nevada-based Dermody Properties will begin construction later this year on LogistiCenter at Woolwich, a 154-acre industrial project in Woolwich Township, located in Gloucester County. The development will consist of three buildings spanning 262,200, 552,585 and 336,700 square feet of Class A space. Building features will include 36- to 40-foot clear heights, build-to-suit office spaces, ESFR fire protection systems, drive-in doors and ample trailer and car parking. CBRE is leasing the project. A completion date was not disclosed.
PERTH AMBOY, N.J. — The Hampshire Cos. has completed a 697-unit self-storage facility at 900 State St. in the Northern New Jersey city of Perth Amboy that will be operated under the Extra Space Storage brand. The 94,600-square-foot facility offers full climate control for interior units and represents the 46th project that Hampshire has developed for Extra Space Storage.
BERKELEY HEIGHTS, N.J. — Mill Creek Residential has broken ground on Modera Berkeley Heights, a 173-unit multifamily project in Northern New Jersey. The property will feature one-, two- and three-bedroom units with stainless steel appliances, quartz countertops, tile backsplashes, breakfast bars and individual washers and dryers. Amenities will include a pool, outdoor grilling area, demonstration kitchen, game room, fitness center, business center and a coffee bar. Move-ins are expected to begin in late 2022.
WEEHAWKEN, N.J. — Los Angeles-based Parkview Financial has provided $61 million to fund the predevelopment and entitlement process for 1400 and 1900 Avenue at Port Imperial in Weehawken, located across the Hudson River from Midtown Manhattan. The project will consist of an eight-story, 282-unit condominium building with 4,601 square feet of retail space and a 346-space parking garage. Residential amenities will include a lounge, indoor pool, spa, fitness center, basketball court, multi-media room, game room, library and coworking space. Outdoor amenities will include a pool, dining and kitchen stations, sun deck, fire pit and lounge seating. The development team expects the entitlement process to last about six months.
BRIDGEWATER, N.J. — NAI DiLeo-Bram has negotiated a 5,600-square-foot office lease at Bridgewater Plaza, a two-building office complex in the Northern New Jersey city of Bridgewater. Marc Shein of NAI DiLeo-Bram represented the tenant, the Center for Psychological Treatment & Assessment, which provides services for adults with autism, in the lease negotiations. Shein also represented the landlord.
JERSEY CITY, N.J. — Progress Capital has arranged a $30 million acquisition and construction loan for the site of the former Fairmount Hospital in Jersey City. The borrower, New York-based Monticello Equities, plans to redevelop the property into a 99-unit multifamily property with 2,240 square feet of retail space and a 75-space parking garage. Brad Domenico of Progress Capital arranged the financing through Leumi Bank.
PISCATAWAY, N.J. — Bob’s Discount Furniture has signed a 622,230-square-foot industrial lease at 150 Old New Brunswick Road in Piscataway, located in Northern New Jersey. The facility is currently under construction and is expected to be complete this summer. Building features will include 40-foot clear heights, 125 dock doors, 302 automobile parking spaces and 127 trailer parking spaces. Scott Belfer of CBRE represented the tenant in the lease negotiations. Chuck Fern, Thomas Tucci, Frank Truesdell, Jason Barton and Stephen Shoemaker of Cushman & Wakefield, along with internal agents Cait English and Ben Rosen, represented the landlord, Duke Realty.
ELIZABETH, N.J. — New Jersey-based brokerage firm Gebroe-Hammer Associates has negotiated the $21.3 million sale of Imperial House Apartments, a 109-unit multifamily building in Elizabeth, located just south of Newark. Built in 1960, the property offers studio, one-, two- and three-bedroom units ranging in size from 490 to 1,350 square feet. Stephen Tragash and David Jarvis of Gebroe-Hammer represented the seller, New Jersey-based Landmark Cos., in the transaction and procured an undisclosed private investor as the buyer.