Real Estate

Denholtz Properties announced the acquisition of a 53,811-square-foot industrial building at 9201 Forsyth Park Drive in Charlotte, N.C.
May 23, 2022

Denholtz acquires 54K-square-foot Charlotte industrial building

The property is the first under the Red Bank firm's recently launched joint venture that aims to add multi-tenant properties in the sector totaling more than $1 billion in value.

May 20, 2022

Onyx Equities’ debuts its crown ‘jewel’ at Gateway Center in Newark

"The Jewel Box is a state-of-the-art entrance to the Gateway Center, one of our city’s signature complexes,” Newark Mayor Ras Baraka said during the celebration for the space, attended by other elected officials and civic leaders from the city. “Adjoined with The Junction that opens later this year, it will showcase our excellence, hospitality, and diverse array of food to Newark residents, [...]

William Forcello, market leader, Central New Jersey Operations, CBRE.
May 20, 2022

CBRE names new market leader for Central Jersey ops

Will Forcello has been with the company for 13 years, most recently serving as sales management leader for the firm's New Jersey business.

Woodmont Industrial Partners (WIP) and Jingoli break ground on a 152,000-square-foot Class A warehouse coming to 111 Main St. in South Amboy. From left, Woodmont Properties CEO Eric Witmondt; Woodmont Industrial Partners Principal and Romark Logistics President/Owner Marc Lebovitz South Amboy Mayor Fred Henry; Assembly Speaker Craig Coughlin, D-19th District; and Middlesex County Building and Construction Trades Council President Kevin Duncan.
May 20, 2022

Woodmont, Jingoli start work on 152K-square-foot warehouse

The partners will bring the new facility to the city's Broadway/Main Street redevelopment zone.

One Riverfront Plaza, Newark, known as the Newark Legal Center.
May 20, 2022

Savills secures 75K square feet for law firms in North Jersey

“The pandemic’s effect on the real estate market allowed our law firm clients to act sooner than they might have when driven solely by an expiring lease," Corporate Managing Director Slava Vaynberg said. "The advantage of being proactive has led to broader options and unlocked hidden opportunities given the dynamic changes in most landlord portfolios."

A joint venture of CT Realty and PGIM Real Estate will bring the two-building, 1.7-square-foot Garden State Logistics Park to Pennsville in South Jersey for an anticipated 2023 delivery.
May 19, 2022

CT Realty, PGIM to bring 1.7M-square-foot logistics center to Salem County (updated)

Located at the former Deepwater property next to the Delaware Memorial Bridge at Interstate 295, Garden State Logistics Park will be comprised of two buildings — measuring 1.2 million square feet and 512,442 square feet, respectively.

The Paramus Corporate Center located at 95 N. Route 17 in Paramus recently underwent renovations.
May 19, 2022

CushWake secures two tenants at Paramus Corporate Center

The recently renovated property has a rebuilt lobby; updated flooring, roofing, lighting and bathrooms; and new common amenities, like a café, kitchen and fitness center.

347 Park Ave. in Orange is one of six properties among recent sales announced by The Kislak Co. Inc.
May 18, 2022

Kislak sells six multifamily, mixed-use properties for $5.5M

The sales add up to 22 residential units and more than 17,000 square feet of commercial space.

First National Realty Partners LLC (FNRP) announced the addition of Eagle Plaza, located at 700 Haddonfield-Berlin Road in Voorhees, to its portfolio. The 227,000-square-foot asset is the firm’s fourth grocery-anchored shopping center acquisition in New Jersey.  
May 18, 2022

First National Realty Partners grows grocery-anchored portfolio in NJ

For its latest acquisition, the Red Bank company added Voorhees Eagle Plaza, which features a 66,500-square-foot Acme store.

Lionsgate Newark
May 17, 2022

NJPAC, Lionsgate to open Newark film complex in 2024

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.

Rendering for Duke Realty's speculative industrial development at 1570 S. Washington Ave. in Piscataway.
May 17, 2022

Duke Realty pre-leases Piscataway spec development to retail giant

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

NAI James E. Hanson negotiated the sale of a 10,400-square-foot industrial building at 7 Aaron Way in the White Lake Commerce Park in Sparta.
May 17, 2022

NAI Hanson negotiates Sparta industrial site sale

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.