Events
Milanaik to receive lifetime achievement award as NAIOP honors CRE deals, professionals

Esteemed developer Jeff Milanaik will headline this year’s NAIOP New Jersey Commercial Real Estate Awards Gala, where the association will also unveil its coveted Deal of the Year winners while honoring several other key figures and service providers.

Events
Milanaik to receive lifetime achievement award as NAIOP honors top CRE deals, professionals

Esteemed developer Jeff Milanaik will headline this year’s NAIOP New Jersey Commercial Real Estate Awards Gala, where the association will also unveil its coveted Deal of the Year winners while honoring several other key figures and service providers.

Industrial
CBRE: New 110,000 sq. ft. flex park in Montville to fill critical void for small-bay users

A development team is bringing 110,000 square feet of light industrial space to Montville as part of a three-building project that’s slated to come online starting this summer.

Industrial
CBRE: EQT buys Salem County parcels approved for 707,000 sq. ft. logistics park

A developer has sold nearly 50 acres in Salem County with approvals in place for more than 707,000 square feet of new ground-up industrial space, brokers with CBRE announced.

Residential & Mixed Use
CBRE: Buyer wanted for 14-property, 3,700-unit rental portfolio in New Jersey, Pennsylvania

The longtime owner of nearly 3,700 garden apartments across New Jersey and Pennsylvania is seeking a buyer for the portfolio, according to listing brokers with CBRE.

Office
Kushner, KABR debut 135,000 sq. ft. office, retail space at historic Jersey City building

Kushner and KABR Group have unveiled a project that has brought 135,000 square feet of new commercial and retail space to downtown Jersey City, all while restoring and revitalizing a 112-year-old warehouse built by the Great Atlantic and Pacific Tea Co.

Office
CBRE: Investors sell revamped 80,000 sq. ft. office building in Parsippany for $10.2 million

An investment group has sold a nearly 80,000-square-foot office building in Parsippany for $10.2 million, in a newly announced deal by CBRE.

Industrial
BRC: Diesel engine provider buys 55,000 sq. ft. Somerset facility for $14 million

A company that sells diesel engines and power generation products has acquired a 55,000-square-foot industrial property in the Somerset section of Franklin.

Industrial
MLB Network leases 207,000 sq. ft. at landmark Crow Holdings project in Elmwood Park

Crow Holdings Development has secured a tenant for its new 207,000-square-foot industrial building in Elmwood Park, announcing a lease with MLB Network that will bring the broadcast and content platform to the high-profile project along Interstate 80.

Professional Services
CBRE promotes Forcello to New Jersey market leader, senior managing director

Will Forcello has taken the reins as CBRE’s market leader in New Jersey, assuming the post after serving in an interim role since late last summer.