Finance & Capital Markets
JLL inks $61 million refi for 200,000 sq. ft. outer boroughs industrial portfolio

Seagis Property Group LP has landed nearly $61 million to refinance seven light industrial buildings in New York City, in a deal by JLL’s Morristown-based capital markets team.

Retail
LMC: Dining tenants remain active, serve as bright spot for retail leasing

Restaurants have remained especially active among retail tenants, fueling nearly two dozen leases since the start of the pandemic at properties served by Levin Management Corp.

Finance & Capital Markets
Progress inks $22 million loan for Brooklyn housing developers

A development team has secured a $22 million loan for a newly expanded residential project in Brooklyn, in a transaction arranged by Progress Capital.

Industrial
Manufacturer eyes move from Brooklyn after buying Clifton building

A home décor business is relocating from Brooklyn to an 80,000-square-foot industrial building in Clifton, under a transaction brokered by Team Resources Inc.

Editor’s Note
Redrawing the map for industrial

As you’ll find out in this month’s cover story, developers and brokers that have long focused on New Jersey are now stretching beyond the traditional boundaries of the state’s industrial market. And they are stretching them in every direction — for different reasons — in their quest to keep pace with tenants that are adopting a more regional approach.

Industrial
Bridge goes to Brooklyn for latest industrial deal

Bridge Development Partners’ highly successful team in New Jersey is heading to Brooklyn, as part of a joint venture that is buying a site with plans to build more than 1.5 million square feet of new industrial space.

Industrial
EDA: Foot care company weighs move to Elizabeth from Brooklyn

The state has approved a 10-year, $2.75 million tax credit to encourage a Brooklyn-based foot care company to move a major part of its operation to Elizabeth.

Industrial
Stro inks 11,600 sq. ft. lease in Woodbridge with Brooklyn-based firm

The Stro Cos. has leased 11,600 square feet in Woodbridge to a Brooklyn-based firm that was seeking warehouse space for two of its business lines, the landlord said Tuesday.

Office
NAI Hanson: Brooklyn management firm moving to Bergen County

A property management firm is relocating from Brooklyn to a recently upgraded office building in Bergen County, following a 1,440-square-foot lease arranged by NAI James E. Hanson.

Industrial
BRC: Brooklyn firm relocating after buying Carteret industrial building

A manufacturer that is moving operations from Brooklyn has purchased a 55,560-square-foot industrial building in Carteret, in a $5.1 million sale brokered by Bussel Realty Corp.