Industrial
Vacant 15,000 sq. ft. Clifton warehouse trades for $3 million, Newmark Associates says

The longtime owner of a 15,000-square-foot industrial building in Clifton has sold the property for $3 million, in a deal arranged by Newmark Associates CRE LLC.

Professional Spotlight
Peter G. Aziz & Associates LLC

In addition to our office being well-versed in Residential and Real Estate transactions, I have extensive experience with Real Estate Litigation. I have litigated hundreds of specific performance and breach of contract matters, a number of which proceeded to trial. This allows me to foresee potential issues that can be prevented by strategically negotiating the contract of sale or lease.

Finance & Capital Markets
Lender provides $7.9 million for plans to convert Montclair, Clifton commercial buildings

A national private direct lender has closed nearly $8 million in financing for projects that will reposition vacant buildings in Montclair and Clifton.

Retail
Marcus: Net-leased Bank of America property in Clifton trades for $3.8 million

Marcus & Millichap has negotiated the sale of a 4,450-square-foot, net-leased Bank of America property in Clifton, the brokerage firm announced Tuesday.

Industrial
NAI Hanson inks sale of two-building industrial, flex complex in Clifton

A private investor has acquired more than 130,000 square feet of industrial and flex space in Clifton, in a newly announced transaction by NAI James E. Hanson.

Finance & Capital Markets
STRO inks $39 million refi of 395,000 sq. ft. New Jersey industrial portfolio

The STRO Cos. has secured a $39 million loan to refinance an eight-building, 395,000-square-foot industrial portfolio in northern and central New Jersey.

Office
NAI Hanson: Wellness, surgery center coming to Clifton building

NAI James E. Hanson has negotiated a lease for 1,761 square feet of medical space at 1135 Broad St. in Clifton, the real estate services firm announced.

People
Prism names vice president of construction amid growing pipeline

Prism Capital Partners has added a vice president of construction to support its growing pipeline of ground-up projects.

Finance & Capital Markets
Stro, KRE refinance Clifton cold storage building for $42 million

The Stro Cos. and Kushner Real Estate Group have secured $42 million in financing for a fully leased, 220,000-square-foot cold storage facility in Clifton.

Retail
Clifton approves zoning for ‘limited’ retail uses at Prism’s ON3 campus

Prism Capital Partners has secured another key entitlement for its ON3 campus, allowing it to bring uses such as restaurants and small shops to the Clifton portion of the property.