Thursday, July 9, 2026
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550-Broad-Street-Newark
AcquisitionsNew JerseyNortheastOffice

NKF Negotiates Sale of 18-Story Office Tower in Downtown Newark

by Alex Patton

NEWARK, N.J. — Newmark Knight Frank (NKF) has negotiated the sale of 550 Broad Street, a 294,242-square-foot office tower in downtown Newark. The sales price was undisclosed. The 18-story, Class A building was built in 1966 and was recently renovated to add a new lobby, fitness center and café. Steven Schultz, Tony Georgiev, Josh Malka and Jeff Kolodkin of NKF brokered the sale in conjunction with live-bid commercial real estate sales platform RealINSIGHT Marketplace. The buyer was local investment firm Fidelco Realty Group, and the seller was undisclosed.

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Apogee-Cliffside-Park
DevelopmentMultifamilyNew JerseyNortheast

Legacy Builders Completes Renovation of 30-Story Multifamily High-Rise in New Jersey

by Alex Patton

CLIFFSIDE PARK, N.J. — General contractor Legacy Builders has completed the renovation of Apogee Co-Op, a 30-story multifamily high-rise at 250 Gorge St. on New Jersey’s Gold Coast. The property includes 315 units. As part of the facelift, Legacy overhauled and modernized the aesthetics of the entranceway, lobby and amenities of the property, which was originally built in 1972. Rental prices have appreciated more than 20 percent since renovations began in 2014. New York City-based Steven Kratchman Architect served as the project designer.

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DevelopmentMultifamilyNew JerseyNortheast

Diversified Properties Breaks Ground on 35-Unit Multifamily Apartment

by Alex Patton

EAST RUTHERFORD, N.J. — Local developer Diversified Properties LLC has broken ground on a 480 Flatz, a 35-unit multifamily property in East Rutherford. The four-story property will offer one-, two- and three-bedroom apartments that will range in size from 700 to 1,100 square feet. Units will feature quartz countertops and stainless steel appliances, as well as proximity to public transit lines and retail hubs. Thomas J. Brennan Architects is designing the project.

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IndustrialLeasing ActivityNew JerseyNortheast

JLL Negotiates 203,488 SF Industrial Lease in South Brunswick, New Jersey

by Taylor Williams

SOUTH BRUNSWICK, N.J. — JLL has negotiated a 203,488-square-foot industrial lease at 85 Stults Road in South Brunswick, located north of Trenton, on behalf of an undisclosed apparel company. A joint venture between EverWest Real Estate Investors and Accordia Realty Ventures is developing the facility and expects it to be available for occupancy by the end of the year. Building features will include 36-foot clear heights, 52 loading docks, four drive-in doors, 38 automobile parking spaces and 75 trailer parking spaces. Brian Golden of JLL represented the joint venture, which is also developing a 369,000-square-foot industrial project on an adjacent parcel, in the lease negotiations. Joel Lubin and Gary Politi, also with JLL, represented the tenant, which signed a 10-year lease.

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155-Tice-Parsippany-New-Jersey
AcquisitionsNew JerseyNortheastOffice

Cushman & Wakefield Arranges $36M Sale of New Jersey Office Asset

by Taylor Williams

WOODCLIFF LAKE, N.J. — Cushman & Wakefield has arranged the $36 million sale of a 118,000-square-foot office property in Woodcliff Lake, located in the northern part of the Garden State. Brooklyn-based Sheila Properties purchased the asset, which was fully leased at the time of sale to a subsidiary of Japanese pharmaceutical firm Eisai Inc., from Hartz Mountain Industries. David Bernhaut, Andrew Merin, Gary Gabriel, Brian Whitmer and Kyle Schmidt of Cushman & Wakefield represented both parties in the transaction.

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IndustrialLeasing ActivityNew JerseyNortheast

NKF Negotiates 200,000 SF Industrial Lease in Parsippany, New Jersey

by Taylor Williams

PARSIPPANY, N.J. — Newmark Knight Frank (NKF) has negotiated a 200,000-square-foot industrial lease at 100 Jefferson Road in Parsippany, located west of Newark, on behalf of Vitaquest International LLC, a manufacturer of nutritional foods. James Ritman and Trevor Patterson of NKF represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

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Leasing ActivityNew JerseyNortheastRetail

WowMoms World to Open 6,200 SF Store in Paramus, New Jersey

by Taylor Williams

PARAMUS, N.J. — WowMoms World, a family wellness concept that offers yoga, flotation therapy and massage therapy, will open a 6,200-square-foot store in Paramus, located north of Newark, this fall. The store will be the Canada-based franchise’s first location in the Garden State. David Townes and Alana Friedman of Cushman & Wakefield represented both the tenant and the landlord in the lease negotiations.

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Crow-Holdings-at-Veronica-Ave-Franklin-Township-New-Jersey
DevelopmentIndustrialNew JerseyNortheast

Crow Holdings Breaks Ground on 925,000 SF Industrial Project in New Jersey

by Taylor Williams

FRANKLIN TOWNSHIP, N.J. — Crow Holdings, the industrial development arm of Trammell Crow Co., has broken ground on Crow Holdings at Veronica Ave., a 925,000-square-foot speculative project in Franklin Township. The Class A property will be located between Trenton and Newark and is expected to open in the first quarter of 2020. Building features will include a clear height of 40 feet, 170 trailer parking spaces, 159 dock positions and 394 automobile parking spaces. Cushman & Wakefield will handle leasing of the facility.

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Woodbridge-Apartments
DevelopmentMultifamilyNew JerseyNortheast

Prism, Northwestern to Develop 232-Unit Multifamily Project in Woodbridge, New Jersey

by Taylor Williams

WOODBRIDGE, N.J. — A joint venture between Prism Capital Partners and Northwestern Mutual Insurance Co. has acquired land in Woodbridge, located south of Newark, for the development of a 232-unit apartment project. The transit-served community will also include 12,000 square feet of retail space. Construction will begin in July with the demolition of the former Lucas Chevrolet dealership that is located on the site. Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Kyle Schmidt and Ryan Dowd of Cushman & Wakefield represented the joint venture in the land sale. Northwestern is also providing construction financing for the project, which has a construction schedule of about 20 to 24 months.

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Woodmont-Bay-Club-Bayonne-New-Jersey
DevelopmentMultifamilyNew JerseyNortheast

Woodmont Properties Opens 220-Unit Apartment Community in Bayonne, New Jersey

by Taylor Williams

BAYONNE, N.J. — Woodmont Properties, a development firm based in Fairfield, New Jersey, has opened Woodmont Bay Club, a 220-unit apartment community in Bayonne, located across from Brooklyn. The waterfront property offers studio, one-, two- and three-bedroom units. The apartments feature quartz countertops, 9-foot ceilings and private balconies. Amenities include a pool, outdoor grilling area, fitness center, business center, game room, pet spa, golf simulator and a sky lounge. Residents can also enjoy access to a waterfront walkway and a network of nature trails.

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