Finance & Capital Markets
HFF brokers $19 million refi for Somerset County retail center

Advance Realty has refinanced a grocery-anchored, 104,331-square-foot retail center in Bound Brook with a $19 million loan arranged by HFF.

Residential & Mixed Use
Developer set to break ground on 63 units in downtown Bound Brook

A developer is preparing to begin construction on a new 63-unit apartment building in downtown Bound Brook, the first of three phases that are part of the borough’s growing pipeline.

Industrial
Upgrades coming to Somerset flex park after $9.2 million refi

Denholtz Associates has secured a $9.2 million loan to refinance and upgrade an 11-building, 264,000-square-foot flex industrial portfolio in Somerset County, the firm said Thursday.

Retail
Somerset County retail center sells for $3.1 million, Marcus & Millichap says

A developer has sold an 8,400-square-foot retail center in Bound Brook for more than $3 million, in a deal brokered by Marcus & Millichap’s New Jersey office.

Residential & Mixed Use
Getting on track: Successful rental project, flood control measures spur new interest in Bound Brook

A successful rental project is one of two driving forces that now have Bound Brook ready to move ahead with a long-overdue revitalization of its downtown. The borough, whose Main Street has a history of being pummeled by surges from major storms, marked the completion last year of a $143 million flood control project — meaning downtown business and property owners no longer need to spend thousands of dollars on flood insurance.

Industrial
Denholtz: Marble company renews flex space in Somerset County

Denholtz Associates has inked a lease renewal with a marble supplier for more than 50,000 square feet at a flex-industrial park in Bridgewater and Bound Brook, the firm announced.