Professional Services
Forcello, CBRE’s Central Jersey market leader, named managing director

CBRE has promoted Will Forcello to managing director, his latest role during more than 15 years with the real estate services firm.

Finance & Capital Markets
NAIDB: Morris, Middlesex counties shine in subdued capital markets environment

In a somewhat muted environment for commercial real estate investment, Morris and Middlesex counties were two bright spots in New Jersey in the second half of 2023.

Professional Spotlight
Newmark

Newmark has been fortunate to be involved in several award-winning large office transactions in the Garden State recently. This past year Gilead leased approximately 100,000 SF at Latitude in Parsippany, for which we represented both the tenant and landlord. Also in Parsippany, we completed Avis Budget Group’s new U.S. headquarters transaction in excess of 150,000 SF. Significant current landlord representation assignments in the office sector include 2 Gatehall Plaza (on behalf of owner SRG2 Partners LLC) in Parsippany, NJ; Glenpointe (on behalf of owner Alfred Sanzari Enterprises) in Teaneck, NJ; River Centre (on behalf of owner Paramount Realty) in Red Bank, NJ; Woodbridge Corporate Plaza (on behalf of owner Northeast Capital Group) in Iselin, NJ; and many other prominent office properties.

Residential & Mixed Use
FirstService named property manager for East Brunswick condo complex

The owners of a 184-unit condominium complex in East Brunswick have tapped FirstService Residential to manage the property.

Industrial
Greek Development rebrands amid growing platform, third-party service offerings

Greek Development is now Greek Real Estate Partners, as the firm looks to highlight its growing selection of third-party services beyond its own portfolio of industrial buildings.

Office
TFE adds 22,000 sq. ft. office, medical building in East Brunswick

TFE Properties LLC has acquired a nearly 22,000-square-foot commercial and medical office building off Route 18 in East Brunswick, the firm announced.

Finance & Capital Markets
G.S. Wilcox sources $20 million construction loan for East Brunswick warehouse project

A developer has obtained a nearly $20 million construction loan for a roughly 147,000-square-foot industrial building in East Brunswick, in a deal arranged by G.S. Wilcox & Co.

Office
Newmark: AEP, global IT firm ink 41,000 sq. ft. lease at One Tower Center

A global technology firm has leased 41,000 square feet at East Brunswick’s One Tower Center, marking the latest transaction at the newly renovated, 24-story office building.

Residential & Mixed Use
AMS unveils 96-unit luxury rental complex in East Brunswick

Development firm AMS Acquisitions has taken the wraps off a new 96-unit luxury apartment complex in East Brunswick, in the latest addition to its portfolio in the region.

Retail
JLL seeking buyer for 754,000 sq. ft. regional mall in East Brunswick

The owner of the Brunswick Square mall in East Brunswick is seeking a buyer for the nearly 755,000-square-foot property, in a newly announced offering by JLL.