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.

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.

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.

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.

“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.

The approximately 35,000-square-foot building will be used by Vision Solar as its new corporate headquarters.

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.

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.

The acquisition of Hainesport's Penn Jersey Propane by Kauffman Gas enables the latter to expand into the New Jersey market.

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.

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.

Chandler and Connor Vanderbeek will spearhead the new practice, where they will be responsible for all operations including research, property marketing and transaction services.