“ConnectOne understands Tower Management’s expertise in operating and renovating garden-style apartment communities and recognized the attractive fundamentals of the deal," Thomas Didio Jr., part of the team that represented the borrower, said in a statement.

One Mallory will house a mix of studio, one- and two-bedroom units across seven stories in the city's West Side neighborhood.

JLL Capital Markets secured a construction loan for the property, which will deliver approximately 300 one-, two- and three-bedroom units.

JLL Capital Markets announced the sale of Westgate, the 250,000-square-foot former home of Everest Reinsurance, to Edgewood Properties.

The fully leased site includes an in-demand rarity for North Jersey: outdoor storage space.

The 212-unit, Class A complex offers a mix of studio, one- and two-bedroom units located a short drive from downtown Morristown.

“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 for port assets is at an all-time high."

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

JLL Capital Markets arranged the financing, which will kick off the transformation of the Lanidex Plaza Office Park into a mixed-use development with luxury living, retail space, townhouses, Class A office space, and athletic fields.

Located on 13.8 acres, Riverfront Plaza is 96% leased with additional tenants including, Sherwin-Williams, Leslie's Pool Supplies and Taco Bell.

JLL Capital Markets arranged the loan on behalf of the borrower for the Hoboken complex, which is anchored by an Inserra-operated ShopRite.

JLL Capital Markets arranged pre-construction and acquisition financing for the project, which will see a 150,917-square-foot facility to fill industrial demand.