The asset will undergo a multi-million dollar capital improvement campaign that will include a new lobby, gym, café with an adjacent outdoor patio, additional parking, and outdoor amenities including walking trails, seating and a recreational activities area.
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Real Estate
G.S. Wilcox commits $267M with Thrivent Financial
Two of the loans were for multi-family properties in northern New Jersey for $103,000,000 and $60,000,000, respectively. The firm also arranged $86,000,000 in loans for four industrial properties in northern New Jersey and an $18,000,000 loan for a retail center in Long Island, New York.
Read More »VHB acquires Brinkerhoff Environmental Services
By joining forces, the two firms will be able to provide a full array of integrated services to clients across the tri-state area. The team, currently operating remotely, will primarily be located in BES offices in Manasquan and Newark.
Read More »Bussel Realty Corp renews 53,500 SF industrial lease in Millburn
Kalustyan Corp. said it will continue to occupy the entire asset that offers exposure on Interstate 78, and sits in close proximity to the New Jersey Turnpike, Garden State Parkway and Route 24.
Read More »Rose Real Estate sells three multifamily property sites
Essex and Union County transactions garnered an average per-unit price just shy of $145,000.
Read More »Colliers International secures sale of multi-tenant office building in Essex County
The four-story office building is currently occupied by three tenants with short-term leases in-place. The property’s new owner will be able to leverage the area’s desirability and rebrand the asset including naming rights along with monument signage.
Read More »JLL secures the sale of a 36,500-square-foot flex facility in Eatontown
HAP Marketing Services Inc sought to consolidate its business operations and found the asset with its office and warehouse space as well as its two loading doors, and convenient location ideal to suit its needs.
Read More »Sudler’s industrial strength in 2020 generates 1.2M SF of new and renewed leases
Portfolio is 98% occupied as the company continues with its re-development programming to address unbridled demand.
Read More »JLL Capital Markets secured financing for The Vanguard and North Independence apartments in the Shipyard neighborhood
$90.5M financing arranged for two multi-housing properties in Hoboken.
Read More »Norman’s Hallmark celebrates grand opening of expanded store at Hamilton Plaza in Hamilton
Greeting card and specialty gift retailer welcomes customers to a new space.
Read More »Vantage Commercial represents Eleanor Health with its expansion in New Jersey
The behavioral health organization signed two long-term leases in both Verona and Edison and plans to be open to treating patients early in 2021. .
Read More »Cushman & Wakefield arranges $29.7M acquisition financing for Class A office property in Princeton
The Cali Group received a three-year loan from Streamline Realty Funding for a 158,180-square-foot asset in a prestigious location.
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