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Government & Public Policy
Sherrill taps Hertz-Shargel, leading grid modernization consultant, as next BPU president

Gov. Mikie Sherrill has picked Ben Hertz-Shargel to lead the New Jersey Board of Public Utilities, a move that comes as the state looks to rein in rising energy costs and amid a growing focus on how new data centers and other development will impact the grid.

Office
JLL: Fort Lee office property listed for sale with potential for new long-term lease or fully vacant delivery

The owner and occupier of a highly visible office property just west of the George Washington Bridge has put it up for sale, under a recent listing by JLL’s New Jersey capital markets team.

Office
NAIDB inks sale of Metuchen bank property, Flemington office condo

A private investor has acquired a former Wells Fargo bank property in Metuchen, in one of two deals announced last week by NAI DiLeo-Bram & Co.

Industrial
Woodmont, Butters Group lease 129,000 sq. ft. in South Florida to Alaris Aerospace Systems

Woodmont Industrial Partners has filled more than half of a newly built facility in South Florida with a seven-year, 129,000-square-foot lease with an aircraft parts distributor and asset manager.

Retail
Aldrich buys 5,000 sq. ft. former bank building in Chatham for $2.1 million, C&W says

The site of a vacant former bank building in downtown Chatham has changed hands for nearly $2.1 million, according to a listing team with Cushman & Wakefield.

Residential & Mixed Use
P3, Greyhill acquire 301-unit Port Imperial property from PGIM for $125 million

A joint venture has claimed a piece of the iconic Port Imperial district, buying a 301-unit luxury rental property in West New York in a deal reportedly valued at more than $125 million.

Industrial
Small-bay demand on display in new sale, lease deals in Boonton and Rockaway, RRNNJ says

Demand for smaller industrial spaces continues in Morris County, fueling the recent sale of a 12,000-square-foot building and two leases across neighboring municipalities.

Food & Beverage
RIPCO: Revolving sushi concept with robot service takes 5,000 sq. ft. at Clifton lifestyle center

A new sushi restaurant is coming to Route 3 after leasing 5,000 square feet at The Promenade Shops at Clifton, brokers with RIPCO Real Estate announced this week.

Food & Beverage
Vantage Commercial: Investor scoops up Burlington City pub with liquor license, apartment unit

The site of a well-known bar and restaurant in Burlington City has changed hands along with its liquor license, according to a brokerage team with Vantage Commercial.

Residential & Mixed Use
JLL: Buyer wanted for well-known 408-unit Edgewater rental property

Avalon at Edgewater is on the market for sale, giving investors a chance to own more than 400 luxury apartments and a well-known piece of New Jersey’s Gold Coast.