Real Estate

East Orange mixed-use Lotus 315 surpasses 95 percent occupancy

“Creating a structure of this size and scale came with its own set of challenges, but the goal was to differentiate ourselves from the standard market multifamily and take a risk with our team to deliver something unique,” said B360 CEO Airaj Hasan. “Our bet paid off, and the community at large really understands and appreciates what we’ve created here.”

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Larchmont Commons, Mount Laurel.  -  JLL

JLL arranges $18.25M sale, financing for suburban retail center

“There has been a steady increase in investor demand for a grocery-anchored product within the Greater Philadelphia marketplace, resulting in correlating cap-rate compression since the start of 2019.” said JLL Senior Managing Director Chris Munley. “With the steady flow of new capital JLL has witnessed entering the retail investment market, we anticipate that to continue into 2020.”

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Nukk-Freeman & Cerra adds restrictive covenant group

Chatham-based employment law firm Nukk-Freeman & Cerra PC launched a new practice group to handle matters relating to restrictive covenants. The firm has been handling these matters since 2006, according to NFC Partner Kerrie Heslin, and felt it was time to formalize its approach. “We understand that every business has critical information and valuable customer ...

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2000 Bishops Gate, Mount Laurel. - ENDURANCE REAL ESTATE GROUP

Endurance announces $32M industrial warehouse sale

“We are thrilled to see the transformation of this project through its stabilization to disposition,“ stated Albert Corr, senior vice president at Endurance. “We acquired the building in early 2017 knowing it would be vacant within a few months. We set forth on a full scale $5 million capital improvement plan to upgrade and modernize the property to make it a very attractive option for prospective tenants."

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