Elberon Development Group has acquired a 65,000-square-foot warehouse and distribution center in Hillside, the first of what could be several upcoming additions to its portfolio.
As Dave Gibbons wraps up his two-year term as NAIOP New Jersey’s president, he says the organization has made strides with public policy goals such as a new performance bond law and liquor license reform, while growing to nearly 850 members to become the association’s sixth-largest chapter in the country. But he believes there is always more work to be done in both the legislative arena and when it comes to networking and recruitment.
Investors Bank has inked a $36 million loan for a 144,000-square-foot warehouse in Elizabeth, the largest among 10 recent closings announced by the lender.
A developer has closed on a former brownfield site in Elizabeth, paving the way for a mixed-use project that will include nearly 50 new homes.
A multifamily owner has sold a two-building, 62-unit apartment portfolio in Elizabeth for $6.5 million, brokers with The Kislak Co. Inc. announced.
Pierson Commercial has gained a foothold in some of New Jersey’s largest and best-known cities, fueling its growth in recent years while remaining just as active in the state’s suburbs and highway retail corridors.
A newly built shopping center in Elizabeth is fully leased after recent deals with a liquor store and a beauty supply operator, in a set of deals by Jacobs Enterprises and Pierson Commercial.
Four apartment properties in Union County have changed hands for a combined $22.7 million, following a set of transactions announced by Gebroe-Hammer Associates.