New Jersey Commercial Real Estate News

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MMCC Arranges Acquisition Loan for Sussex County Shopping Center

By Paul Bubny | January 24, 2023 Marcus & Millichap Capital Corporation (MMCC) arranged a $13,300,000 acquisition loan for Verno...Read more

Walker & Dunlop advised The PRC Group on an $88-million refinancing of Campus Town at TCNJ, a student housing complex in Ewing, NJ

Walker & Dunlop Advises on $88M Refi of Central NJ Student Housing

By Paul Bubny | January 23, 2023 Walker & Dunlop was recently an exclusive advisor to The PRC Group on an $88,374,000 refinance ...Read more

Marcus & Millichap closed the $46-million sale of 10 retail and office properties in the Ocean County communities of Brick and Toms River, NJ

Marcus & Millichap Closes Sale of 10-Property Portfolio Near Jersey Shore

By Paul Bubny | January 20, 2023 Marcus & Millichap closed the sale of the Ocean County Middle Market Portfolio, a 10-property, ...Read more

Retailer Party City Files for Chapter 11

By Paul Bubny | January 19, 2023 Retailer Party City Holdco Inc. (PCHI), headquartered in Woodcliff Lake, NJ, has filed Chapter 11 p...Read more

Cushman & Wakefield advised a joint venture in procuring $146,550,000 in construction financing for The District at 15fifteen in Parsippany, NJ

Joint Venture Secures $147M Construction Loan on Parsippany Apartments

By Paul Bubny | January 18, 2023 Cushman & Wakefield advised the joint venture of Claremont Development, Stanbery Development Gr...Read more

Woodmont Industrial Properties and EverWest are partnering on a renovation and expansion project in South Brunswick, NJ

Woodmont, EverWest Partner on South Brunswick Industrial Expansion

By Paul Bubny | January 17, 2023 Woodmont Industrial Partners and EverWest Real Estate Investors have partnered to launch const...Read more

GenPsych has leased more than 10,000 square feet of medical office space at 1030 St. Georges Ave. in Avenel, NJ

NAI Hanson Arranges 10K-SF Medical Office Lease in Avenel

By Paul Bubny | January 16, 2023 NAI James E. Hanson has negotiated a lease for 10,043 square feet of medical office space at 1030 S...Read more

Luxury fitness club Iron Culture, represented by RIPCO, has opened a second location in Edgewater, NJ

Luxury Fitness Club Expands with Second Location in Edgewater

By Paul Bubny | January 12, 2023 Iron Culture, a full-service, luxury, high intensity gym has opened a second location at 7700 River...Read more

Inland Private Capital and Devon Self Storage have opened a new facility at a former Sports Authority location in Hazlet, NJ

Inland Private Capital, Devon Self Storage Deliver Hazlet Facility

By Paul Bubny | January 11, 2023 Inland Private Capital Corporation (IPC), a real estate investment manager, and Devon Self Storage ...Read more

NAI James E. Hanson brokered the sale of a development site in Hackensack, NJ, after the initial developer canceled the contract to acquire the site last June

NAI Hanson Brokers Deal for Hackensack Development Site

By Paul Bubny | January 09, 2023 NAI James E. Hanson closed the sales of 359 and 375 Main St. in Hackensack, NJ for an undisclosed s...Read more

Car rental giant Avis Budget Group has leased a 155,234-square-foot office at the LATITUDE office complex in Parsippany, NJ

Avis Budget Group Relocates Headquarters to New Parsippany Location

By Paul Bubny | January 06, 2023 Avis Budget Group, one of the country’s largest car rental agency holding companies, is relocatin...Read more

Turnbridge Equities and Long Wharf Capital have sold the former Ballantine Brewery Complex in Newark, NJ to Hines for a reported $128 million

Hines Snaps Up Former Ballantine Brewery Complex in Newark

By Paul Bubny | January 04, 2023 Turnbridge Equities and Long Wharf Capital have sold the 738,000-square-foot Newark Distribution Ce...Read more

Netflix plans to build a production facility with 12 soundstages on the site of the former Fort Monmouth military base

Netflix to Develop Studio Complex at Former Fort Monmouth Site

By Paul Bubny | December 29, 2022 Netflix will develop an East Coast production facility on the former Fort Monmouth campus in New Je...Read more

Sovereign Partners has sold 300 Kimball, a Parsippany, NJ office property, to Signature Acquisitions for $88 million

Parsippany Offices Once Owned by State Farm Snare $88M

By Paul Bubny | December 22, 2022 JLL Capital Markets has completed the $88-million sale of 300 Kimball, an approximately 430,000-squ...Read more

JLL arranged $12.2 million in refinancing on behalf of Alfred Sanzari Enterprises for two single-tenant industrial properties in Elmwood Park, NJ

Sanzari Lands Refi on Two Single-Tenant Elmwood Park Industrial Assets

By Paul Bubny | December 21, 2022 JLL Capital Markets arranged $12.2 million in refinancing for 481 and 491 Edward H. Ross Dr., two ...Read more

Northmarq arranged an $11-million refinancing of the Gilbert Manor Apartments in Little Ferry, NJ

Northmarq Arranges Refi for Little Ferry Apartments

By Paul Bubny | December 20, 2022 Robert Ranieri, SVP/managing director of Northmarq’s White Plains, NY regional office, arranged t...Read more

Theta Holding Company and JLL have closed two office leasing transactions totaling 32,015 square feet at Overlook Corporate Center in Little Falls, NJ

Little Falls, NJ Offices Secure One New Tenant, One Renewal

By Paul Bubny | December 16, 2022 Theta Holding Company, LP, and JLL have closed two office leasing transactions totaling 32,015 squa...Read more

RIPCO’ has been hired to sell 7101 River Rd., a luxury multifamily property in North Bergen, NJ

RIPCO Markets Sale of North Bergen Luxury Multifamily

By Paul Bubny | December 14, 2022 RIPCO Real Estate has been selected to handle the sale of 7101 River Rd., a newly built luxury mult...Read more

Commercial real estate finance brokerage Eastern Union arranged a $78,575,000 refinance of a portfolio of apartment properties in New Jersey and the Bronx

Eastern Union Arranges $79M of Apartment Properties in NJ and Bronx

By Paul Bubny | December 12, 2022 Alex Jaffa, a senior loan consultant with Eastern Union, has arranged a $78,575,000 loan to refinan...Read more

List Logistics, a third-party logistics and distribution company, has leased 844,373, square feet at 703 Bartley Chester Rd. in Flanders, N

3PL Firm List Logistics Inks 844K-SF Industrial Lease in Flanders

By Paul Bubny | December 09, 2022 Cushman & Wakefield has arranged an 844,373-square-foot lease for List Logistics, a third-party...Read more

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