Elizabeth
Berkadia Finalizes Sale of Garden-Style Elizabeth Apartments
Berkadia finalized the sale of Aberdeen Arms Apartments, a 52-unit, garden-style multifamily property in Elizabeth, NJ. Senior managing director Nat Gambuzza, senior director Trevor Fiebel and director Nick Balancia of Berkadia Morristown led… Read more
JLL Arranges $83M Financing for Elizabeth Luxury Apartments
JLL Capital Markets secured a $63.2-million construction financing from Bank OZK and $20.15-million mezzanine placement from PGIM for ECCO, a 258-unit luxury… Read more
Nuveen Provides $115M First Mortgage on Storage Post NY/NJ Portfolio
JLL Capital Markets closed on a $115-million refinancing package for a portfolio of nine Tri-State self-storage facilities owned and operated… Read more
Berkadia Arranges $5M NJ MF Property Sale
Berkadia has closed the sale of Marlaw Apartments, a 36-unit garden-style multifamily property in Elizabeth, NJ. Located at 34-44 Stiles… Read more
STTC Buys NJ Industrial Building for $21M
Service Truck Tire Center (STTC) has bought a 67,355-square-foot warehouse/industrial property located at 1900 Lower Rd., Linden, New Jersey., for… Read more
Pearlmark Closes Refi of Elizabeth Apartments
Pearlmark closed on a $10-million mezzanine debt investment to refinance Vinty Apartments in Elizabeth, NJ. The five-story, 267-unit multifamily property also has… Read more
NJ Multi-Tenant Industrial Property Sold for $11M
Marcus & Millichap has announced the sale of 125 Broad Ave., a three-building industrial property in North Bergen, New Jersey,… Read more
Booming Cold Storage Sector Sees Another Big Lease, Build-to-Suit Facility in Northern New Jersey
A build-to-suit, 138,642-sf, Class A, frozen storage facility in Elizabeth, NJ has been fully leased to Seafrigo Cold Storage, says JLL Capital… Read more
Sam Zell’s EGI Partners with East Coast Warehouse
Equity Group Investments (EGI), Sam Zell’s private investment firm, has made an investment in East Coast Warehouse (ECW), a leading… Read more
Sitex Acquires Two Industrial Properties Near NJ Turnpike
Sitex Group recently acquired two industrial facilities in New Jersey. They include a vacant, low coverage site at 440 Florida Grove Rd. in… Read more
Elion Adds to Northeast Portfolio with Last-Mile Property Near Newark Airport
Private equity firm Elion Partners acquired a 207,000-square-foot last-mile industrial asset located at 1000 Jefferson Ave. in Elizabeth, NJ, two… Read more
JLL Arranges Construction Debt on NJ Cold Storage
JLL Capital Markets arranged a $34-million construction loan for the development of a new, 140,000-square-foot cold storage facility within the Port… Read more
Cold-Storage BTS Lands $20M Refi
JLL Capital Markets arranged a $20-million refinancing for 735 Dowd Ave., a 175,000-square-foot cold-storage facility near Port Newark-Elizabeth in Elizabeth, NJ.… Read more
Parkview Lends on Redevelopment at Former Elizabeth Hospital
Parkview Financial provided a $56-million construction loan to CMT Developers, LLC for the development of Phase I of Jersey Walk, a Class… Read more
TOD Launches Construction in Plainfield
Real estate investment firm Paramount Assets recently broke ground on Netherwood Flats, a new mixed-use development in Plainfield, NJ. The four-story property will… Read more
Elizabeth IKEA Superstore Gets Big-Box Neighbors
IKEA-anchored Elizabeth Center is welcoming two new big-box retail neighbors. A 150,000-square-foot Raymour & Flanigan retail showroom and customer service… Read more
Century-Old Elizabeth Armory Will Carry Extra Space Storage Brand
The Hampshire Companies has acquired a circa-1912 former armory in downtown Elizabeth, NJ, which it plans to redevelop into a three-level self-storage… Read more