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JLL inks $10 million loan for Cohen warehouse deal in Jersey City

JLL inks $10 million loan for Cohen warehouse deal in Jersey City

by Joshua Burd | Feb 8, 2022

111-135 Thomas McGovern Drive in Jersey City — Courtesy: JLL By Joshua Burd An investment group has purchased a nearly 66,000-square-foot warehouse in Jersey City with the help of a $10.25 million acquisition loan, JLL’s New Jersey capital markets team announced....
Going fast: New report details shrinking lease-up times for spec warehouse space

Going fast: New report details shrinking lease-up times for spec warehouse space

by Joshua Burd | Feb 7, 2022

By Joshua Burd Newly built speculative industrial space in northern New Jersey is leasing in less than two months on average, in the latest sign of the market’s ongoing supply and demand imbalance. That’s according to a new report by Newmark, which surveyed 23 major...
Investor buys 8,700 sq. ft. ex-bakery facility in Carlstadt, Marcus says

Investor buys 8,700 sq. ft. ex-bakery facility in Carlstadt, Marcus says

by Joshua Burd | Feb 7, 2022

435 Meadow Lane in Carlstadt — Courtesy: Marcus & Millichap By Joshua Burd A private investor has purchased a nearly 9,000-square-foot industrial building in Carlstadt for $2.7 million, brokers with Marcus & Millichap announced Monday. Christopher Kallensee...
Panel: Environmental, social and governance goals play a growing role in CRE investing

Panel: Environmental, social and governance goals play a growing role in CRE investing

by Joshua Burd | Feb 7, 2022

Commercial real estate investors are increasingly focused on environmental, social and governance initiatives, or ESG, as they look to the future of their portfolios, partnerships and daily business operations. By Joshua Burd Jeff Milanaik is like many other...
NAI Hanson inks sale of 6,500 sq. ft. Hackensack industrial property

NAI Hanson inks sale of 6,500 sq. ft. Hackensack industrial property

by Joshua Burd | Feb 4, 2022

141 English St. in Hackensack — Courtesy: NAI James E. Hanson By Joshua Burd An investment firm has purchased a 6,500-square-foot industrial flex building in Hackensack, under a newly announced transaction by NAI James E. Hanson. According to the brokerage team,...
CBRE: Rockaway industrial building sells for $20 million, with Party City set to depart

CBRE: Rockaway industrial building sells for $20 million, with Party City set to depart

by Joshua Burd | Feb 3, 2022

25 Green Pond Road in Rockaway — Courtesy: CBRE By Joshua Burd An investor has purchased a Rockaway industrial building that has served as office space in recent years but will now go back to its original use, brokers with CBRE announced. The buyer, whose name was not...
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