Real Estate

Homestead at Hamilton is a 195-unit independent and assisted living, and memory care community in Hamilton.
Jun 24, 2022

Homestead at Hamilton sold for $97.5M

Cushman & Wakefield arranged the deal involving the 195-unit community, which offers independent and assisted living options in addition to memory care considerations.

701 S. 2nd. St. in Swedesboro housed custom welding and fabrication services provider Ford Fabrications for 40 years.
Jun 24, 2022

Vantage announces sale of Swedesboro industrial building

The site was home to Ford Fabrications, founded by its namesake and the former owner of the property, who provided welding and other services there for 40 years.

Cushman & Wakefield announced June 23, 2022, that it hired John Obeid as senior research manager, based out of the firm’s East Rutherford office.
Jun 24, 2022

Cushman & Wakefield taps Obeid to oversee NJ research ops

John Obeid joins Cushman & Wakefield as senior research manager, based in the real estate services firm's East Rutherford office.

JLL closed the sale of a 138,642-square-foot, Class A, frozen storage facility fully leased to Seafrigo Cold Storage at 900 Fairmount Ave. in Elizabeth in February 2022.
Jun 24, 2022

Report: NJ-NY ports market ranks among top 5 nationwide for rent growth

“The New York and New Jersey Port market has the lowest vacancy rates and one of the strongest year-over-year rent growth stories,” said JLL Capital Markets Managing Director Marc Duval in a statement. “It’s evident ... investors are chasing port locations and growth fundamentals. Due to transportation costs rising and the flight to core locations becoming more of a focus, investor demand [...]

Architecture Blueprint Floor Plan Construction redevelopment
Jun 23, 2022

Ridgewood building set for redevelopment following sale

Lee & Associates New Jersey represented the buyer and the seller in the deal that will transform a site currently housing a dry cleaner.

NAI James E. Hanson negotiated two retail leases at The Bridgewater Shops along Prince Rodgers Avenue in Bridgewater. - NAI JAMES E. HANSON
Jun 23, 2022

Bridgewater shopping center gains two new tenants

NAI James E. Hanson's Team Lizzack-Horning negotiated leases for the complex along Prince Rodgers Avenue that add up to a cumulative 2,144 square feet.

Levin Management Corp. (LMC) serves as exclusive leasing and marketing agent for the North Village Shopping Center in North Brunswick.
Jun 23, 2022

Mattress Warehouse to make Middlesex County debut

Levin Management Corp. announced the national retailer will open its doors at the North Village Shopping Center on Route 1 in North Brunswick.

Valley and Bloom in Montclair.
Jun 23, 2022

JLL arranges $87M in financing for Montclair’s Valley and Bloom

The firm worked on behalf of the borrower to secure a seven-year, floating-rate loan through PGIM Real Estate.

Marcus & Millichap announced the sale of Campfield Apartments, a 33-unit multifamily apartment building located in Irvington.
Jun 22, 2022

Irvington’s Campfield Apartments sell for $4.2M, Marcus & Millichap says

Marcus & Millichap arranged the sale of the building, which had been owned and operated by the same investor for 40 years.

The speculative logisics development located at 5206 Route 130 in Mansfield in Burlington County is set to stand at 610,000 square feet.
Jun 22, 2022

610K-square-foot spec warehouse coming to Burlington County

JLL was tapped to lease the new site, which includes a PILOT agreement and is situated on a 47-acre tract earmarked for redevelopment by Mansfield Township to help create jobs and foster economic growth.

403 County Road in Aberdeen is a 30,000 square foot flex building.
Jun 22, 2022

Zimmel arranges sale of 30K-square-foot Aberdeen flex building

President David Zimmel was hired two decades ago to handle the newly built Aberdeen property. Now, after keeping the space leased throughout that time, the firm announced the sale of the site.

CBRE arranged the sale of the CVS-occupied property at 440 Union Ave.  in Bridgewater.
Jun 22, 2022

California investor purchases Somerset County standalone retail property

The firm said it arranged the sale of the CVS-occupied property for $10.9 million.