BURLINGTON, N.J. — Jefferson Apartment Group, a developer based in Northern Virginia, has completed J Centra, a 500-unit multifamily project located in the Southern New Jersey community of Burlington. The property comprises 20 buildings on a 46-acre site that house 452 apartments in one-, two- and three-bedroom floor plans, as well as 48 townhouse-style units with garages. Residences, 20 percent of which are designated as affordable housing, are furnished with stainless steel appliances, quartz countertops, custom cabinetry, tile backsplashes, walk-in closets and individual washers and dryers. J Centra also features two separate clubhouses totaling nearly 11,000 square feet that have outdoor kitchens, courtyards, lounge areas and pools. Other amenities include a grand clubhouse with a fireplace lounge, bar, gaming area, coworking stations and a pet spa, as well as a fitness center with a yoga studio, pickleball and tennis courts, a playground, dog park and walking trails. Rents start at roughly $2,200 per month for a one-bedroom apartment.
New Jersey
RED BANK, N.J. — Regional healthcare provider Hackensack Meridian Health has signed a 50,000-square-foot office lease in Red Bank, located near the Jersey Shore. The space is located within River Centre, a six-building, 668,107-square-foot campus. Jamie Drummond , Andrew Perrotti and Luke Reid of Newmark represented the landlord, Paramount Realty, in the lease negotiations. Suzanne Macnow of CBRE represented Hackensack Meridian.
JERSEY CITY, N.J. — LeFrak has completed Bisby, a 34-story apartment tower in Jersey City that is located within the 600-acre Newport master-planned community in the city’s downtown area. Designed by Minno & Wasko Architects and Planners with interiors by Woods Bagot, Bisby houses 385 units in studio, one-, two-, three- and four-bedroom configurations. Amenities include a coworking lounge, golf simulator, dedicated content studio and a dog spa, as well as a 33,000-square-foot landscaped rooftop terrace with a pickleball court, dog run and an outdoor kitchen. Leasing launched last summer. Rents today start at about $3,400 per month for a studio apartment.
AVENEL, N.J. — Chicago-based investment firm CenterPoint Properties has acquired two industrial buildings totaling 387,526 square feet in the Northern New Jersey community of Avenel. The building at 191 Blair Road is a 198,854-square-foot, cross-dock facility with a clear height of 36 feet. The building at 215 Blair Road is a 188,672-square-foot, single-load warehouse with clear heights of 22 to 30 feet and several acres of overflow parking space. Gary Gabriel, Kyle Schmidt and Ryan Larkin of Cushman & Wakefield brokered the sales of the buildings, both of which were fully leased at closing.
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.