Finance & Capital Markets

With an ever-growing and ever-changing pool of investors, capital markets activity in New Jersey is thriving like never before.

Spencer Savings Bank seals merger with Mariner’s, adding six branches in North Jersey

Spencer Savings Bank SLA has completed its merger with Edgewater-based Mariner’s Bank in an all-cash transaction.

C&W: Owner of 730,000 sq. ft. Novo Nordisk campus in Plainsboro refis for $211 million

An asset manager has secured more than $210 million to refinance a nine-building, 58-acre campus in Plainsboro that serves as Novo Nordisk’s North American headquarters.

JLL, Progress Capital source $114 million loan for Newark office, parking portfolio

A joint venture has landed a nearly $114 million loan to purchase and reposition two office buildings and a parking garage in downtown Newark, according to a debt advisory team.

Developer lands $96 million loan from SCALE, eyeing another 811 units in Journal Square

A developer has landed nearly $100 million in financing to both break ground on 235 apartments and acquire a nearby site that is approved for another 576 units, with both parcels located in Jersey City’s historic and re-emerging Journal Square neighborhood.

C&W: Developers ink $107 million loan for new 333,000 sq. ft. logistics center in Bayonne

A joint venture has secured more than $107 million in financing for the next piece of a new 153-acre industrial campus in Bayonne, in a deal arranged by Cushman & Wakefield.

Fairfield apartment developer inks $10.5 million refi, JLL says

A developer has secured $10.5 million to refinance a newly built, 36-unit apartment property in Fairfield, in a newly announced deal by JLL.

JLL inks $9 million loan for light industrial buildings in Maple Shade, Cherry Hill

An investor has secured a nearly $9 million acquisition loan for a three-building light industrial portfolio in Burlington and Camden counties, according to brokers with JLL.

G.S. Wilcox sources $44 million loan for Pennsylvania medical office building

The owner of a 70,000-square-foot medical office building in Eastern Pennsylvania has secured $44 million in financing, in a deal arranged by G.S. Wilcox & Co.

Progress inks $27 million acquisition loan for Kearny apartment deal

The buyer of a six-building, 171-unit apartment complex in Kearny has secured $27 million in financing, in a newly announced transaction by Progress Capital.

JLL inks $30 million loan for buyers of Giralda Farms office building

A joint venture has landed nearly $30 million in financing for its recent purchase of an office building in Madison’s acclaimed Giralda Farm campus, according to brokers with JLL.