Page 5 - RENJ May 2021 Issue 53
P. 5
CONTENTS
Departments
6 The Briefing
Crow Holdings plans 1.2 million sq. ft. industrial park at
Exit 12, plus other top stories in commercial real estate
12 Deal Sheet
A roundup of CRE leases, sales and finance
24 People on the Move
New hires and executive moves
32 Policy Page
McGuinness: Geopolitics and demographics impact
commercial real estate in our region
ON THE COVER: Kushner Real Estate Group has opened the second of three towers at its Journal Squared project in Jersey City, bringing another 704 luxury apartments to a site that will ultimately include 1,838 units and 36,000 square feet of retail and restaurant space. The development has led the transformation and ongoing revitalization of Journal Square, the onetime commercial and cultural hub of Jersey City. — Courtesy: Qualls Benson
KRE Group unveils next phase of landmark project, as momentum builds in historic Jersey City neighborhood
Doubling Down
Investor continues push into New Jersey suburbs, betting on return to high-end office buildings
A Place for Innovation
Developers eye plans for 3 million sq. ft. life sciences, tech hub in Jersey City
REALESTATENJTM 3
14
18
20
Features
On the Rise
MAY 2021
22 MidwestSuccess
Profeta sells 300,000 sq. ft. Amazon warehouse site in Ohio after redevelopment
COUNT ON OUR CAPITAL. BUILD YOUR BUSINESS.
Walter Sierotko, EVP 732.726.5420
TOTAL TEAM
LENDING
COMMITMENT YOU CAN COUNT ON.SM
RECENTLY FINANCED
$18,000,000 $16,500,000 $8,900,000
INDUSTRIAL CONSTRUCTION LOAN OFFICE BRIDGE LOAN OFFICE/RETAIL CONSTRUCTION PERMANENT LOAN
PISCATAWAY, NJ RED BANK, NJ SUMMIT, NJ
www.Provident.Bank