The owner of a two-building, 360-unit luxury apartment complex in Hackensack has refinanced the property for $96 million, according to a debt placement team with CBRE.
Finding additional warehouse space: An advanced strategy
In 2026’s New Jersey industrial market, cold storage represents a unique opportunity. Vacancy rates are low, and much of the existing stock is 40+ years old and facing obsolescence. Furthermore, new construction requires specialized expertise that many traditional industrial developers lack. For food and beverage manufacturers, this means that expansion plans often stall out due to the space crunch.
