Finance & Capital Markets
Northwind, 601W close $65 million loan for Harborside 5 acquisition in Jersey City

The 601W Cos. has landed $65 million in financing for its acquisition of Jersey City’s nearly 1 million-square-foot Harborside 5 office tower.

Industrial
Different by design: Crow Holdings welcomes brokers to new Elmwood Park warehouse, with its distinctive Marcal-inspired architecture

A new warehouse in Elmwood Park has come with great expectations and great anticipation. Fittingly so, for a building that evokes the iconic Marcal Paper factory on Interstate 80.

It’s why Clark Machemer was eager to show off the facility’s exterior during a recent open house with brokers — not to mention its nearly 207,000 square feet of modern industrial space that’s now ready for a tenant.

Office
Olnick, Fisher unveil plan to transform concourse at Headquarters Plaza in Morristown

The owners of Morristown’s Headquarters Plaza have unveiled their plans to refresh the 1 million-square-foot property, with a focus on the cavernous interior concourse that connects its three office towers, the Hyatt Regency Morristown and a host of retailers and restaurants.

Office
C&W: New leases, renewals at Parsippany campus total 50,000 sq. ft.

The Birch Group has secured a series of new leases and renewals at a Parsippany office campus, completing more than 50,000 square feet of activity amid plans to update the property.

Office
Avon sells longtime R&D center in Suffern, New York to Regeneron, C&W says

Regeneron Pharmaceuticals has acquired Avon’s longtime research and development hub in Suffern, New York, a 235,000-square-foot facility less than a mile from the New Jersey border.

Industrial
STRO, Moda Foods ink 23,000 sq. ft. industrial lease in Fairfield, C&W says

The STRO Cos. has secured a new tenant for a Fairfield industrial building after agreeing to lease nearly 23,000 square feet to a specialty foods distributor.

Office
Veris under contract to sell Harborside 5, its final office building, for $85 million

Veris Residential Inc. is on the verge of shedding its one remaining office building, a nearly 1 million-square-foot tower in Jersey City that is under contract to sell for $85 million.

Finance & Capital Markets
Vision, Birch Group refi 228,000 sq. ft. Florham Park office building

Vision Properties and The Birch Group have closed on a long-term refinance of a 228,000-square-foot office building in Florham Park, brokers with Cushman & Wakefield announced.

Industrial
March Construction set to break ground on new 70,000 sq. ft. industrial building in Wayne

Construction is set to begin on nearly 70,000 square feet of new industrial space in Wayne, helping to repurpose a site that’s long housed a storage yard for trucks and other equipment.

Industrial
CenterPoint welcomes CODA Logistics to new 322,000 sq. ft. distribution center in Linden

CenterPoint Properties has taken the wraps off more than 320,000 square feet of new logistics space in Linden after having preleased the facility to a third-party logistics firm.