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CBRE: Vineland industrial building sold to private equity firm, fetching $22 million

CBRE: Vineland industrial building sold to private equity firm, fetching $22 million

by Joshua Burd | Jan 11, 2021

3254 North Mill Road in Vineland — Courtesy: CBRE By Joshua Burd A private equity firm has expanded its industrial portfolio in the state with the purchase of a fully leased, 269,500-square-foot property in Vineland, according to brokers with CBRE. The...
Joint venture lands $88 million acquisition loan for Somerset apartment deal

Joint venture lands $88 million acquisition loan for Somerset apartment deal

by Joshua Burd | Jan 11, 2021

Avalon Somerset at 500 Bristol Blvd. in Somerset — Courtesy: JLL By Joshua Burd A joint venture has secured $88 million in financing for its acquisition of a 384-unit luxury multifamily property in the Somerset section of Franklin, according to JLL. Brokers with the...
Investors Bank sells, leases back Robbinsville building in $20 million deal, C&W says

Investors Bank sells, leases back Robbinsville building in $20 million deal, C&W says

by Joshua Burd | Jan 11, 2021

2300 Route 33 in Robbinsville — Courtesy: Cushman & Wakefield By Joshua Burd Investors Bank has sold and leased back its well-known office and retail building in Robbinsville, under a newly announced transaction by Cushman & Wakefield. In a news release,...
Two new tenants coming to historic Jersey City office, retail building

Two new tenants coming to historic Jersey City office, retail building

by Joshua Burd | Jan 11, 2021

The Spingarn Arcade Building at 591 Summit Ave. in Jersey City — Courtesy: Grid Real Estate By Joshua Burd Two new tenants have taken space at a historic commercial building in Jersey City, under a set of newly completed leases by Grid Real Estate. The larger user,...
Sommer joins Kushner Cos. as executive VP for development, construction

Sommer joins Kushner Cos. as executive VP for development, construction

by Joshua Burd | Jan 11, 2021

Michael Sommer By Joshua Burd A veteran development executive has joined Kushner Cos., bolstering its team as the firm continues to grow its pipeline in the region and throughout the East Coast. Michael Sommer, who brings 25 years of experience, comes to the firm as...
Bergman announces acquisition of Princeton office building, securing $14 million loan

Bergman announces acquisition of Princeton office building, securing $14 million loan

by Joshua Burd | Jan 10, 2021

500 College Road East in Plainsboro — Courtesy: Bergman Real Estate Group (Editor’s note: This story was updated on Feb. 3 with additional details and quotes from JLL’s New Jersey capital markets team, which arranged acquisition financing.) By Joshua Burd...
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