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Livana-Colts-Neck
DevelopmentMultifamilyNew JerseyNortheast

Kushner Breaks Ground on 360-Unit Multifamily Project in Colts Neck, New Jersey

by Taylor Williams

COLTS NECK, N.J. — New York City-based developer Kushner has broken ground on a 360-unit multifamily project in Colts Neck, about 50 miles south of Manhattan. Designed by Minno & Wasko Architects and Planners, Livana Colts Neck will consist of 15 three-story buildings that will house studio, one-, two- and three-bedroom units. Amenities will include a pool, fitness center, outdoor grilling and dining stations, clubroom, lounge, conference facilities and a dog park. Construction is expected to be complete in spring 2027.

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Center-for-LGBTQ+-Health-Collingswood-New-Jersey
HealthcareLeasing ActivityNew JerseyNortheast

Cooper University Health Care Opens 3,800 SF Clinic in Collingswood, New Jersey

by Taylor Williams

COLLINGSWOOD, N.J. — Cooper University Health Care has opened the 3,800-square-foot Center for LGBTQ+ Health in Collingswood, located outside of Philadelphia in Southern New Jersey. The site is about four miles from Cooper University Hospital and houses six exam rooms, a therapy and counseling room, staff lounge, provider offices and a central medical assistant station. Spiezle Architecture Group designed the clinic, and general contractor Gary F. Gardner Inc. handled the build-out.

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DevelopmentIndustrialNew JerseyNortheast

Hillwood, WDG Logistics  to Build 179,800 SF Spec Industrial Project in Bordentown, New Jersey

by Taylor Williams

BORDENTOWN, N.J. — A partnership between Texas-based developer Hillwood and Atlanta-based WDG Logistics Partners will build a 179,800-square-foot speculative industrial project in the Southern New Jersey community of Bordentown. Bordentown Crossroads will feature a clear height of 36 feet, 30 dock doors and parking for 94 cars and 30 trailers. Construction is scheduled to begin at the end of summer, with completion slated for spring 2025. Newmark is marketing the property for lease.

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IndustrialLoansNew JerseyNortheast

JLL Arranges $23.3M in Acquisition Financing for Central New Jersey Industrial Property

by Taylor Williams

NEW BRUNSWICK, N.J. — JLL has arranged a $23.3 million in acquisition financing for a 206,069-square-foot industrial property in the Central New Jersey community of New Brunswick. The property consists of six buildings on a 21-acre site that feature clear heights of 19 to 31 feet and a total of 14 dock doors and 15 drive-in doors. Max Custer, Thomas Didio Jr. and Benjamin Morgenthal of JLL arranged the five-year, fixed-rate loan on behalf of the borrower, New Jersey-based investment firm B&D Holdings. The direct lender was not disclosed.

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AcquisitionsIndustrialNew JerseyNortheast

GID Acquires 111,400 SF Industrial Building in Pennsauken, New Jersey

by Taylor Williams

PENNSAUKEN, N.J. —  Alternative investment management firm GID has acquired an 111,400-square-foot industrial building in the Southern New Jersey community of Pennsauken. The building at 8290 National Highway, which according to LoopNet Inc. was built on 4.4 acres in 1967, can accommodate one or two tenants and features a clear height of 20 feet, one drive-in door and 15 dock-high doors. The new ownership plans to implement a value-add program to the building, which is currently vacant. The seller and sales price were not disclosed.

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Paramus-Plaza
AcquisitionsNew JerseyNortheastRetail

Cushman & Wakefield Brokers $36.8M Sale of Northern New Jersey Shopping Center

by Taylor Williams

PARAMUS, N.J. — Cushman & Wakefield has brokered the $36.8 million sale of Paramus Plaza, a 153,494-square-foot shopping center in Northern New Jersey. The center was fully leased at the time of sale to tenants such as Hobby Lobby, Marshalls, Ashley, Skechers and Chipotle Mexican Grill. Frank DiTommaso, Gary Gabriel, David Bernhaut, Andy Merin, Max Helfman and Mark Gilbert of Cushman & Wakefield represented the seller, a partnership between Acadia Realty Trust and Fortress Investment Group, in the transaction. Brad Domenico of Cushman & Wakefield arranged acquisition financing through Bank United on behalf of the buyer, a partnership between DRA Advisors and an affiliate of Crown Acquisitions.

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AcquisitionsNew JerseyNortheastRetail

NAI DiLeo-Bram Brokers $5.5M Sale of Retail Center in Edison, New Jersey

by Taylor Williams

EDISON, N.J. — NAI DiLeo-Bram has brokered the $5.5 million sale of a 21,929-square-foot retail center in Edison, located roughly midway between Newark and Trenton. The center at 1825 Route 27 consists of a 13,769-square-foot plus vacant basement space and an 8,160-square-foot building whose three units are fully leased. Marc Shein and Robert DiLeo of NAI DiLeo-Bram represented the seller, Sam Ash Properties Corp., in the transaction. Remax represented the buyer, an undisclosed, out-of-state grocer that also plans to occupy the building.

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DevelopmentNew JerseyNortheastOffice

Freshpet to Open 30,000 SF Global Headquarters in Bedminster, New Jersey

by Taylor Williams

BEDMINSTER, N.J. — Pet food provider Freshpet Inc. (NASDAQ: FRPT) will open a 30,000-square-foot global office headquarters in Bedminster, about 60 miles west of Manhattan. Freshpet’s space will be joined by approximately 20,000 square feet of planned retail, dining and amenity space to anchor the Bedminster Village Square campus. Advance Realty Investors owns the campus and is developing the facility, with Iron Hill Construction Management serving as the general contractor. ConnectOne Bank is financing the build-to-suit project. Completion is slated for early 2025.

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AcquisitionsMultifamilyNew JerseyNortheast

Hudson Atlantic Negotiates $20M Sale of Multifamily Property in Robbinsville, New Jersey

by Taylor Williams

ROBBINSVILLE, N.J. — Regional brokerage firm Hudson Atlantic Realty has negotiated the $20 million sale of Southside Lofts, a 64-unit multifamily property in the Central New Jersey community of Robbinsville. The seller, Sharbell Development, delivered the property in 2020. According to Apartments.com, Southside Lofts offers one- and two-bedroom units that range in size from 713 to 1,207 square feet and amenities such as a fitness center, lounge and a rooftop terrace. Adam Zweibel of Hudson Atlantic represented Sharbell Development in the transaction and procured the undisclosed buyer.

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DevelopmentLoansMultifamilyNew JerseyNortheast

JLL Arranges $13.1M in Construction Financing for Vroom Street Apartments in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — JLL has arranged $13.1 million in construction financing for Vroom Street Apartments, a 42-unit multifamily project that will be located in the Journal Square neighborhood of Jersey City. The property will house five studios, 14 one-bedroom units and 23 two-bedroom units with an average size of 913 square feet. Max Custer and Salvatore Buzzerio of JLL arranged the loan through First Bank on behalf of the developer, Urban Street Properties. Construction is slated for a fall 2025 completion.

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