Page 5 - RE-NJ

CONTENTS
MAY 2024
Features
18 Leveling Up
A new wave of data center demand is coming to
New Jersey, but supply may be tighter than ever
22 Glass Masters
Wayne-based Bendheim has played a key role in
building design, construction for nearly a century
24 Coming Together
ULI awards showcases the best in land use, redevelopment while highlighting ongoing challenges in
New Jersey
26 Adding Value
Punia’s Tiger reflects on term as IOREBA president, importance of networking
Departments
6 The Briefing
Rockefeller logistics hub taking shape in Carneys
Point, plus other top stories in commercial real estate
12 Deal Sheet
A roundup of CRE leases, sales and financing
14 Policy Page
New Jersey’s path to becoming a hub for
advanced industries
28 People on the Move New hires and executive moves
32 Roundtable
Where is the next opportunity in health care real estate?
ON THE COVER: Demand for data center space in New Jersey is surging on the back
of Big Tech and the artificial intelligence arms race. And while a lack of electrical capacity may keep a lid on new supply, the owners of existing facilities are now racing to expand their footprints.
TM3
Recently Closed Commercial Transactions
$14.6 Million
Purchase mortgage of a Monmouth County owner occupied health & fitness center
$1.5 Million
$1.35 Million
Owner occupied mortgage and line of credit to manufacturer/installer of doors in Monmouth County, NJ
Investment office building mortgage in Middlesex County, NJ
$350 Thousand
Retail investment mortgage in Monmouth County, NJ
Christina Paccione
SVP, Commercial Lending Officer Commercial Lending
Contact Me Today!
732-292-8450
NMLS# 1746978 [email protected]