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C&W: Pomeranc Group buys 465-unit Wayne rental property, inks $98 million acquisition loan

C&W: Pomeranc Group buys 465-unit Wayne rental property, inks $98 million acquisition loan

by Joshua Burd | Jun 22, 2023

Mountain View Crossing at 650 Route 23 in Wayne — Courtesy: Cushman & Wakefield By Joshua Burd The Pomeranc Group has acquired a 465-unit apartment complex in Wayne, having also secured nearly $98 million in Fannie Mae financing for the deal. Brokers with Cushman...
Bridge acquires 115,000 sq. ft. industrial service facility in Linden

Bridge acquires 115,000 sq. ft. industrial service facility in Linden

by Joshua Burd | Jun 22, 2023

525 West Linden Ave. in Linden — Courtesy: The Blau & Berg Co. (Editor’s note: This story was updated Monday, Aug. 21, with additional information from The Blau & Berg Co., which brokered the sale of 525 West Linden Ave.) By Joshua Burd Bridge Industrial has...
Gebroe-Hammer inks sale of 53 apartments in Passaic, Paterson in deals totaling $9.8 million

Gebroe-Hammer inks sale of 53 apartments in Passaic, Paterson in deals totaling $9.8 million

by Joshua Burd | Jun 22, 2023

37 Lucille Place in Passaic — Courtesy: Gebroe-Hammer Associates By Joshua Burd An investor has purchased a 23-unit apartment building in Passaic for $4.5 million, in the largest of three newly announced deals in the region by Gebroe-Hammer Associates. Debbie...
JLL: Five retailers take 11,000 sq. ft. in Westfield, as remote workers boost foot traffic

JLL: Five retailers take 11,000 sq. ft. in Westfield, as remote workers boost foot traffic

by Joshua Burd | Jun 22, 2023

Mochimoly, a locally owned Asian treats concept, leased 1,100 square feet at 131 East Broad St. in Westfield for its third new store, in a deal arranged by JLL. — Courtesy: JLL By Joshua Burd A stretch of downtown Westfield is seeing a spike in retail leasing amid...
Event business leases 2,600 sq. ft. at Woodbridge strip center, Azarian says

Event business leases 2,600 sq. ft. at Woodbridge strip center, Azarian says

by Joshua Burd | Jun 21, 2023

Plaza K Shopping Center at 171 Route 1 in Woodbridge — Courtesy: Azarian Realty Co. By Joshua Burd An event company has taken more than 2,600 square feet at a Woodbridge shopping center, in a newly announced deal by Azarian Realty Co. The operator, Crème de la Crème...
Burlington takes 25,000 sq. ft. at Ramsey shopping center, Welco says

Burlington takes 25,000 sq. ft. at Ramsey shopping center, Welco says

by Joshua Burd | Jun 20, 2023

By Joshua Burd A new 25,000-square-foot Burlington store is coming to a Ramsey shopping center, under a newly announced transaction by Welco Realty Inc. According to the brokerage firm, the off-price retailer has taken space at Interstate Shopping Center alongside...
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