Lionsgate will be the anchor tenant of a new $125 million, 12-acre film and TV production facility in the state's largest city, the movie house announced in partnership with Great Point Studios and the New Jersey Performing Arts Center.

Construction began in February on the 216,892-square-foot distribution center that will now house China's largest direct online retailer, JD.com.

After representing the buyer in the transaction, Senior Vice President John Schilp was also retained to handle leasing for the 10,400-square-foot property.

M&T Realty Capital unveiled the deal for the fully leased luxury community located in The Heights, adjacent to Riverview Park.

JLL arranged the loan for Nest Micro Apartments, a six-story collection of 122 studio residences located in Journal Square.

Marcus & Millichap announced the sale of the mixed-use property, which offers views of the historic Absecon Lighthouse, the Absecon Inlet and the Atlantic Ocean.

“When we took office, we really had a pro-development stance because we recognized that a healthy city is a growing city,” Jersey City Mayor Steven Fulop said. “You just need to look around us right here at 351 Marin and there aren’t many cities in the state that can absorb two 50-story buildings going up across the street from each other simultaneously and at the same time, a crane half a block away creating another building of similar size. It speaks to the vibrancy of Jersey City and the special place it is and that people want to live here and do business here and KRE Group makes it very easy for us to be partners."

Following its acquisition by a joint venture of Reynolds Asset Management and Capital Solutions Inc., the six-building, 250,000-square-foot property will get updated lobbies, modern workspaces and more.

Woodmont Properties, Canoe Brook Development and PIRHL celebrated the debut of the collection of studio, one- and two-bedroom units, which according to the developers, is already more than 50% leased after just two months.

According to the Hamilton-based firm, that adds up to an aggregate value of $12.2 million, building upon its 2021 efforts, which saw 1 million square feet of leasing activity and renewals negotiated across Central Jersey and eastern Pennsylvania.

Recognizing a shared mission to diversify the commercial real estate industry, the retail giant will also help to enhance the organization's presence in two additional cities in the U.S., and serve as a presenter for its online academy with the Urban Land Institute.

The start of the impending project follows lease agreements with two prominent New Jersey law firms: Brach Eichler LLC and Chiesa Shahinian & Giantomasi PC. According to property management provider Diversified Management Plus, the work will help to retain and attract additional tenants to the Class A complex.