ORADELL, N.J. — Locally based brokerage firm SAGE Investment Real Estate Advisors has arranged the sale of a 24-unit apartment building in the Northern New Jersey community of Oradell. The property was built in the 1960s and offers one- and two-bedroom units. Greg Pine and Steve Tragash of SAGE represented the seller, an entity doing business as Oradell Associates LLC, in the transaction. The duo also procured the buyer, an undisclosed private investor.
HOBOKEN, N.J. — Madison Realty Capital has provided $97 million in financing for a project in the Northern New Jersey community of Hoboken that will convert a five-story industrial building into a 110-unit multifamily complex. The new multifamily building will rise nine stories, feature for-sale units and include 50,000 square feet of retail space and a 300-space parking garage. Units will come in one- through five-bedroom floor plans, and amenities will include a pool, fitness center, clubroom, lounge and grilling areas. Construction is underway and slated for a third-quarter 2025 completion. The borrower is Taurasi Group.
NORWOOD, N.J. — Locally based brokerage firm Resource Realty has arranged a 71,870-square-foot industrial lease in the Northern New Jersey community of Norwood. Locally based firm Alfred Sanzari Enterprises owns the building at 335 Chestnut St., which totals 111,424 square feet and was built in 1969, according to LoopNet Inc. Dan Whitehead of Resource Realty negotiated the deal on behalf of the tenant, footwear products manufacturer OrthoFeet Inc.
PILESGROVE, N.J. — Missouri-based NorthPoint Development has broken ground on a 954,701-square-foot industrial project in the Southern New Jersey community of Pilesgrove. Designed by studioNorth Architecture and built by Peak Construction Corp., the project represents the fourth building in the Turnpike 1 Trade Center development. Building features will include a clear height of 40 feet, 96 docks, four drive-in doors, 2,000 square feet of office space and parking for 536 cars and 244 trailers. Completion is scheduled for the fourth quarter.
NORWOOD, N.J. — Locally based brokerage firm Resource Realty has arranged a 52,108-square-foot, full-building industrial lease in the Northern New Jersey community of Norwood. Alfred Sanzari Enterprises owns the building at 10 Maple St., which was built in 1975, according to LoopNet Inc. Dan Whitehead of Resource Realty negotiated the deal on behalf of the tenant, footwear products manufacturer OrthoFeet Inc.
KENILWORTH, N.J. — Timeless Treasures Fabrics, a New York-based manufacturer of clothing materials, has signed a 42,000-square-foot industrial lease in the Northern New Jersey community of Kenilworth. The property at 3 Mark Road houses 38,000 square feet of office space, a 24,000-square-foot fenced pave lot and 4,000 square feet of office space. David Simon, Catherine Goski-Vasquez and Richard Goski of NAI DiLeo-Bram represented the undisclosed landlord in the lease negotiations. Linda Hill and Doug Bansbach of Colliers represented the tenant.
WHARTON, N.J. — CBRE has arranged the sale of an industrial development site at 100 E. Dewey Ave. in the Northern New Jersey community of Wharton. Thomas Mallaney and Denise Kokulak of CBRE represented the buyer, a partnership between Commercial Realty Group and North Jersey Development Group, in the transaction. NAI Hanson represented the seller, Air Products and Chemicals Inc. The new ownership plans to construct a 95,000-square-foot building with a clear height of 28 feet, with construction beginning in the coming weeks.
BAYONNE, N.J. — Locally based developer Vida Capital is nearing completion of Prospect Crossing, a 44-unit multifamily project in the Northern New Jersey community of Bayonne. The five-story building houses studio, one- and two-bedroom units that range in size from 459 to 1,210 square feet and are furnished with stainless steel appliances, granite countertops and tile backsplashes. Amenities include a fitness center, lounge, clubrooms and coworking office space. Leasing will begin later this month.
NORWOOD, N.J. — Locally based brokerage firm Resource Realty has arranged a 71,870-square-foot industrial lease in the Northern New Jersey community of Norwood. Alfred Sanzari Enterprises owns the 111,300-square-foot building at 335 Chestnut St., which sits on six acres within Norwood Industrial Park and has 11 loading docks. Dan Whitehead of Resource Realty negotiated the deal on behalf of the tenant, footwear products manufacturer OrthoFeet Inc.
TEANECK, N.J. — Columbia University Irving Medical Center will open a 4,283-square-foot surgical outpatient center in the Northern New Jersey community of Teaneck. The clinic will be located within the 670,000-square-foot, four-building Glenpointe mixed-use campus. Jeff Schotz, Peter Rossi, Dan Reider, Peter Kasparian and David Simson of Newmark represented the landlord, Alfred Sanzari Enterprises, in the lease negotiations. Gerry Lees and Jeffrey Prezant of Cushman & Wakefield represented the tenant.