New Jersey

Manhattan Building Co. Opens 232-Unit Cast Iron Lofts II in Jersey City

by Amy Works June 2, 2016

JERSEY CITY, N.J. — Manhattan Building Co. has opened Cast Iron Lofts II, a 27-story luxury residential building in Jersey City. Located at 300 Coles St., the industrial-inspired building features 232 apartments in a mix of one-, two- and three-bedroom layouts, indoor and outdoor amenities and 20,000 square feet of street-level retail space. The building is the second property to open within the Cast Iron Lofts collection, which is spearheading the creation of SoHo West (South of Hoboken, N.J., West of New York City), a new neighborhood of oversized residences in highly-amenitized buildings on the border of Jersey City and Hoboken. Construction is well underway on the next two-tower building, which will include 337 residences. When complete, the SoHo West development will comprise 1,360 residences in multiple buildings and street-level retail space.

June 2, 2016

New Jersey Northeast Office

Cushman & Wakefield Arranges Sale of 86,000 SF Office Building in New Jersey

by Amy Works May 31, 2016

PARSIPPANY, N.J. — Cushman & Wakefield has brokered the sale of Boulevard Plaza, an office building located at 1055 Parsippany Blvd. in Parsippany. A private investor acquired the five-story office property for an undisclosed sum. The 86,000-square-foot property is 85 percent leased to 33 tenants. The building features 10,000- to 15,000-square-foot floor plates, 24-hour access and a grab & go on café. David Bernhaut, Andrew Merin, Gary Gabriel, Brian Whitmer, Andrew Schwartz and Frank DiTommaso of Cushman & Wakefield brokered the transaction.

May 31, 2016

Multifamily New Jersey Northeast

Redwood Realty Negotiates $4M Sale of 30-Unit Apartment Building in New Jersey

by Amy Works May 31, 2016

WEST NEW YORK, N.J. — Redwood Realty Advisors has arranged the sale of an apartment building located on Dewey Avenue in West New York. LS Realty LLC acquired the five-story, walk-up building from Marin Blvd LLC for $4 million, or $135,833 per unit. The property features 30 apartment units. Steven Matovski and Saul Ramirez of Redwood Realty Advisors brokered the transaction.

May 31, 2016

Industrial New Jersey Northeast

Bussel Realty Arranges $2.1M Sale of Industrial Property in New Jersey

by Amy Works May 31, 2016

LINDEN, N.J. — Bussel Realty Corp. has brokered the sale of an industrial property located at 2365 E. Linden Ave. in Linden. New York-based 2365 Linden Corp LLC acquired the property from Edward Cantor for $2.1 million. Situated on 2.1 acres, the building features 23,000 square feet of industrial space. Jordan Metz of Bussel Realty represented the buyer and seller in the deal.

May 31, 2016

Multifamily New Jersey Northeast

Tucker Development Opens 152-Unit Apartment Complex in New Jersey

by Amy Works May 27, 2016

NEWARK, N.J. — Chicago-based Tucker Development has delivered 24 Jones, an apartment complex located adjacent to the new Springfield Avenue Marketplace in the University Heights neighborhood of Newark. The 152-unit property features a mix of studio, one- and two-bedroom apartment layouts. The units feature stainless steel appliances, hardwood floors and in-unit washers/dryers. On-site amenities include a modern fitness center, secured parking lot, 24-hour doorman and WiFi throughout the common areas.

May 27, 2016

Multifamily New Jersey Northeast Student Housing

Rutgers University-Newark, RBH Group to Develop 400-Bed Living-Learning Community

by Amy Works May 27, 2016

NEWARK, N.J. — Rutgers University-Newark has partnered with RBH Group to develop a 400-bed learning and residence facility with dining, recreational and academic spaces in downtown Newark. The $70 million Honors Living-Learning Community will feature residences, classrooms/work spaces, street-level retail and parking, as well as open space for students and the surrounding community. Designed by Perkins Eastman, the 320,000-square-foot property will include 30,000 square feet of retail space. Construction is slated to begin late this year, with completion scheduled for 2018.

May 27, 2016

Industrial New Jersey Northeast

NAI Hanson Brokers Sale of 26,928 SF Warehouse in New Jersey

by Amy Works May 27, 2016

NORWOOD, N.J. — NAI James E. Hanson has arranged the sale of an industrial building located at 380 Chestnut St. in Norwood. Pro Source Inc., a housewares distributor, acquired the 26,928-square-foot property for an undisclosed price. The buyer is relocating from Mahwah, N.J. The property features 17-foot clear ceiling heights, three tailgates, a drive-in door, 3,500 square feet of office space and ample parking. Steven Leitner of NAI Hanson represented the buyer, while Bill Pastuszak of Resource Realty represented the seller, 380 Chestnut Street LCC, in the deal.

May 27, 2016

Mixed-Use Multifamily New Jersey Northeast Retail

Brunetti Organization to Develop 2,400-Acre Mixed-Use Town Center in New Jersey

by Amy Works May 25, 2016

OLD BRIDGE, N.J. — The Brunetti Organization is developing The Oaks at Glenwood, a 2,400-acre mixed-use town center development in Old Bridge. Construction for the 90,000-square-foot ShopRite supercenter is slated to begin soon, with occupancy of the grocery store and other retail tenants scheduled for summer 2017. ShopRite will anchor the retail portion of the property. Upon completion, the mixed-use property will feature 2,000 residential units and more than 500,000 square feet of retail space. The Goldstein Group is marketing the retail portion of the property.

May 25, 2016

Industrial New Jersey Northeast Office

Commercial Realty Group Acquires 446,076 SF Industrial, Office Complex in New Jersey

by Amy Works May 24, 2016

MOUNT OLIVE, N.J. — Commercial Realty Group has acquired a 446,076-square-foot industrial and office complex located at 350 Clark Drive in Mount Olive. North Jersey Development Group sold the property for an undisclosed price. Situated on 40.5 acres, the asset features a 335,122-square-foot industrial building with 29,340 square feet of mezzanine space and a three-story, 75,000-square-foot Class A office building, which was built in 1995. The industrial portion is 100 percent leased to two tenants, Performance Food Group and 350 Logistics, while the office portion is home to eight tenants, including Mars Incorporated, Lion Ribbon Co., Hundley Burns and FC Architects. Michael Nachamkin, Jose Cruz and Robert Borny of HFF represented the seller in the transaction.

May 24, 2016

New Jersey Northeast Office

NAI Hanson Arranges Sale of 30,459 SF Office Property in New Jersey

by Amy Works May 24, 2016

PARSIPPANY, N.J. —NAI James E. Hanson has brokered the sale of an office building located at 140 Littleton Road in Parsippany. Choice Properties acquired the 30,459-square-foot building from Gisella Haidar for an undisclosed price. The three-story office building was 80 percent leased at the time of sale. Josh Levering and Andrew Kirshenbaum of NAI James E. Hanson represented the seller in the transaction.

May 24, 2016

Newer Posts

Older Posts