SOMERSET, N.J. — Calibre Scientific has signed a 119,325-square-foot industrial lease in the Northern New Jersey community of Somerset. The manufacturer and distributor of life sciences products is taking space at Cottontail Logistics Center, a two-building, 236,000-square-foot development. Gary Politi and Michael Viera of JLL represented the tenant in the lease negotiations. Kevin Dudley, Chad Hillyer and Kate Granahan of CBRE represented the landlord, CBRE Investment Management, which bought the property earlier this summer.
HACKENSACK, N.J. — Restaurant supply store Hackensack Packaging Solutions has inked an 11,015-square-foot industrial lease in its namesake town in Northern New Jersey. According to LoopNet Inc., the building at 24 E. Wesley St., which is now fully leased, was completed in 1967 and features a clear height of 14 feet. Chris DeLorenzo and Carolina Gutierrez internally represented the landlord, Alfred Sanzari Enterprises, in the lease negotiations. The tenant was self-represented.
SOMERSET, N.J. — Scentbird has signed a 116,530-square-foot industrial lease in the Northern New Jersey community of Somerset. The provider of customized fragrance subscriptions is taking space at Cottontail Logistics Center, a two-building, 236,000-square-foot development. Nicholas Klacik of CBRE represented Scentbird in the lease negotiations. Kevin Dudley, Chad Hillyer and Kate Granahan, also with CBRE, represented the landlord, CBRE Investment Management, which bought the property earlier this summer.
NEW BRUNSWICK, N.J. — New York City-based developer SJP Properties has broken ground on a 370,000-square-foot office and life sciences project in the Central New Jersey community of New Brunswick. The 10-story building will be known as the Nokia Bell Labs Headquarters facility and represents Phase II of a larger development known as the HELIX NJ Innovation District (previously known as HELIX Health + Life Science Exchange). SJP is developing the HELIX project in partnership with the New Brunswick Development Corp. PNC Bank provided construction financing for the project, completion of which is slated for late 2027.
JERSEY CITY, N.J. — A partnership between two local developers, Alpine Residential and Fields Grade, has completed the lease-up of Phase II of The Hazel, an 87-unit apartment building in the Bergen-Lafayette area of Jersey City. The building rises six stories, offers studio, one- and two-bedroom units and features amenities such as a rooftop terrace with pool, outdoor grilling areas, multiple courtyards, a dog run, sky lounge, coworking space, library, fitness center and a demonstration kitchen. Fogarty Finger Architecture designed the property, which now has an occupancy rate of 95 percent.
PARSIPPANY, N.J. — CBRE has negotiated an 85,100-square-foot industrial lease renewal in the Northern New Jersey community of Parsippany. The building at 150 Lackawanna Ave. was originally constructed in 1974. Thomas Mallaney and Denise Kokulak led the CBRE team that represented the tenant, Wieland Metal Services, in the lease negotiations. Scott Perkins of NAI James E. Hanson represented the landlord, FAO Realty LLC.
SOUTH AMBOY, N.J. — BNE Real Estate Group has completed The Pearl at Station Bay, a 205-unit multifamily project located about 30 miles south of New York City in South Amboy. Designed by Minno & Wasko Architects and Planners with interiors by Mary Cook Associates, the four-story building was developed as part of Phase II of Station Bay, a $500 million waterfront redevelopment of the former Manhattan Beach Club site. Units come in studio, one- and two-bedroom floor plans. Amenities include a pool, fitness center with a yoga studio, golf simulator lounge, game lounge, coworking space with private offices, café with coffee and a snack bar, private event suite with a bar and lounge, dog run and outdoor grilling and dining stations. Rents start in the mid-$2000s for a studio apartment.
MORRIS PLAINS, N.J. — CBRE has negotiated the sale of The Highlands at Morris Plains, a 116-unit apartment complex in Northern New Jersey. Built in 2003, the property offers one- and two-bedroom units and amenities such as a fitness center, business center, dog run, outdoor grilling and dining stations and package handling service. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel and Travis Langer of CBRE represented the undisclosed seller in the transaction and procured the buyer, a joint venture between Shamah Properties and Sagard Real Estate.
LIVINGSTON, N.J. — New York City-based Kushner has broken ground on Livana Livingston, a 280-unit multifamily project in Northern New Jersey. Designed by Lessard Architecture, Livana Livingston will feature two buildings, one of which has been designed for renters age 55 and above, that will be developed on the adjacent sites of the former Westminster Hotel and Somerset Regal Bank. Units will come in one- and two-bedroom formats, and both unit types will offer floor plans that include dens. Amenities will include a fitness center, sauna and steam rooms, coworking space, a clubroom, private dining room, game room, rooftop terrace, pickleball courts, pet spa and a community garden lawn. Completion is slated for 2027.
SOMERVILLE AND NEW BRUNSWICK, N.J. — Berkadia has negotiated the sale of a portfolio of two multifamily properties totaling 156 units in Central New Jersey. The Lexington & Jefferson Apartments in Somerville was built in the 1960s and totals 118 units in one-, two- and three-bedroom floor plans. Century Apartments in New Brunswick was completed in 1969 and totals 38 units in studio, one- and two-bedroom floor plans. Nat Gambuzza and Trevor Fiebel of Berkadia represented the seller and procured both New Jersey-based buyers in the transaction. All parties requested anonymity. Berkadia also arranged acquisition financing for Lexington & Jefferson Apartments.