JLL Capital Markets worked on behalf of Summit Associates to arrange loans for the three properties in Edison's Raritan Center Business Park. Proceeds were used to retire existing debt and fund minor tenant improvements.
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Real Estate
Weiss Realty affiliate sells Fort Lee Starbucks, BofA Kiosk to JDA Group
The upside in these assets drove very strong interest from the buyer, displaying that drive-thru demand is stronger than it was pre-COVID, making it well-positioned to benefit long-term from consumer preference.
Read More »New Jersey investor buys infill retail center in Daytona Beach for $12.2M
JLL Capital Markets closed the sale of Volusia Square, a 204,185-square-foot property located in the city's dominant retail corridor, to Lamar Cos.
Read More »Cushman & Wakefield arranges sale of Pohatcong solar farm
The 49-acre Warren County site, which houses a state-of-the-art, 10-megawatt installation operated by NJR Clean Energy Ventures III, sold for $3.5 million.
Read More »NJ releases draft rules for $1.1B real estate tax breaks
“The Aspire Program will facilitate equitable, community-supported residential and commercial development projects that make our communities vibrant live, work, play destinations that better serve residents and help attract successful companies and top-notch talent,” reads a statement from NJEDA head Tim Sullivan.
Read More »WCRE completes 35,000-SF multi-purpose sale
The approximately 35,000-square-foot building will be used by Vision Solar as its new corporate headquarters.
Read More »Jersey City groundbreaking paves way for homeless housing & support services
The state-of-the-art, 56,000-square-foot St. Lucy's campus will provide an array of health, housing and transitional offerings for residents in need.
Read More »Kushner taps Pierson as exclusive retail leasing agent at Pier Village
The mixed-use destination recently added 50,000 square feet of space, bolstering its position as a pillar for commerce and luxury living at the Jersey Shore.
Read More »Vantage Commercial facilitates off-market sale of Hainesport propane company
The acquisition of Hainesport's Penn Jersey Propane by Kauffman Gas enables the latter to expand into the New Jersey market.
Read More »FirstService Residential adds Ocean City condos to managed buildings
The property management company signed a contract with The Gardens Plaza Condominiums, which according to Senior Vice President Arthur Bartikofsky has been self-managed since its inception, to provide full-services to the 184-unit, high-rise property.
Read More »Russo Development’s newest Vermella property to open this fall in Garwood
In Union County, the latest community in the company's lifestyle brand will feature 296 apartments and 40,000 square feet of indoor and outdoor amenities, plus access to retail and dining from an ultra-convenient address.
Read More »Bussel Realty Corp launches retail brokerage division
Chandler and Connor Vanderbeek will spearhead the new practice, where they will be responsible for all operations including research, property marketing and transaction services.
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