Joshua Burd
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Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for 13 years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. He is a lifelong New Jersey resident who has spent a decade covering the great Garden State.

Editor’s Note
Policy watch

I’ll admit it: The prospect of writing about technical, complex environmental policy can be daunting and frustrating. Especially when it’s not your everyday beat. But there’s no getting around the importance of one policy in particular, at least when it comes to the future of New Jersey commercial real estate. If you polled a group of developers and service providers, many would tell you that the state’s Licensed Site Remediation Professional program has been critical, helping to unlock new opportunities at formerly contaminated sites and adding to the momentum of red-hot product types like industrial and multifamily. Some might find it hard to believe that next May will mark a decade since the program was born under the landmark Site Remediation Reform Act. But with that milestone fast approaching, the LSRP system is getting a fresh look from policymakers and stakeholders.

Residential & Mixed Use
Prism details plans for redevelopment at Dunellen train station

Prism Capital Partners has unveiled its plans for a new 382-unit residential project alongside the Dunellen train station, where it expects to begin construction by next summer.

Industrial
Brooklyn electrical contractor buys Paterson building for $7.8 million

An electrical contractor is expanding into New Jersey with its purchase of a Paterson industrial building, under a $7.8 million deal arranged by Team Resources Inc.

Residential & Mixed Use
HMFA, developer unveil renovated housing complex in Irvington

A developer has completed a major renovation of a 152-unit affordable rental complex in Irvington, thanks in large part to a state financing package.

Retail
Goldstein Group: Salad chain joins New Providence shopping center

A fast casual salad chain has taken 3,200 square feet at a New Providence shopping center, brokers with The Goldstein Group announced this week.

Retail
Net-leased bank property in Bordentown fetches $1.7 million

A private investor has sold a 2,760-square-foot, net-leased bank property in Bordentown, in a nearly $1.7 million deal arranged by Marcus & Millichap.

Office
New York-based marketing firm eyes HQ move to Paramus, 25,000 sq. ft. lease

A marketing firm based in Rockland County, New York, is weighing a move to Bergen County, where it would lease nearly 25,000 square feet in connection with an incentive package approved by the state Economic Development Authority.

Office
With newest lease, Bell Works hits 1 million sq. ft. milestone

Somerset Development has reached a new milestone at its landmark Bell Works project in Holmdel, surpassing more than 1 million square feet of leasing activity for office space at the repositioned former Bell Labs campus.

Retail
RD Management, JMF ink 119,000 sq. ft. deal with Lowe’s in Cedar Knolls

A joint venture has landed Lowe’s as an anchor tenant at a soon-to-be-built shopping center in Hanover, where the retailer is taking nearly 120,000 square feet.

Office
Tinton Falls office building sells for $14.25 million, Kislak says

A New York-based investor has acquired a two-building, 132,272-square-foot office complex in Tinton Falls, in a $14.25 million sale arranged by The Kislak Co. Inc.