Residential & Mixed Use
Diversified, Fidelco unveil second phase of 396-unit rental project in Union Twp.

A development team has debuted its second phase of new luxury apartments in Union Township, marking the completion of a 396-unit project less than a mile from Kean University.

Residential & Mixed Use
Diversified, Fidelco launch leasing at 263-unit second phase of Union multifamily project

A development team has unveiled its next phase of luxury apartments in Union Township, where plans call for another 263 units after the project’s initial debut in 2018.

Industrial
Ware Malcomb touts completion of 140,000 sq. ft. FreezPak facility near Port Newark

A joint venture has completed construction on a new 140,000-square-foot cold storage facility on the border of Newark and Elizabeth, the project’s design team announced Tuesday.

Industrial
STRO teams with KRE, Fidelco to buy 77,000 sq. ft. Newark industrial complex

Three of the state’s well-known commercial real estate firms have acquired a multi-building, 77,000-square-foot industrial complex just west of Newark Liberty International Airport.

Office
Harlem restaurateur coming to landmark Newark office tower, in deal with Fidelco

An acclaimed restaurateur in Harlem is expanding to Newark, with a location that will mark another step in Fidelco Realty Group’s plan to revitalize a well-known office building.

Office
Fidelco, youth mentoring agency sign 4,000 sq. ft. lease at Newark office tower

A youth mentoring organization is moving to a well-known Newark office tower after inking a lease with The Fidelco Group, the owner of the historic building.

Industrial
Elberon, Fidelco join FreezPak to open new freezer warehouse at Newark-Elizabeth border

A cold storage provider has opened a new 140,000-square-foot facility at the border of Elizabeth and Newark, in a project that brought together two well-known New Jersey developers.

Editor’s Note
Starting anew

The debate over New Jersey’s corporate incentive programs has been well-chronicled in recent years, but regardless of where you fall on the issue, there’s no denying their influence on the state’s commercial real estate market. That influence was all but gone for two years after Grow New Jersey and other subsidy programs were allowed to expire in summer 2019, with no immediate replacements in sight until Gov. Phil Murphy and lawmakers agreed on new incentives late last year. The state is now putting those offerings to work, starting with the jobs-based Emerge program that will fill the void left by Grow New Jersey.

Office
Fidelco set to revive Newark office tower, in firm’s latest project in downtown neighborhood

Fidelco Realty Group is revitalizing a well-known office tower in downtown Newark at a cost of more than $30 million, with plans that include a sweeping physical upgrade, the addition of a new bar and restaurant and the creation of flexible workspace to serve technology startups. — All renderings courtesy: Fidelco/Perkins Eastman

Industrial
Elberon, Fidelco land $34 million loan for Elizabeth cold storage project, JLL says

A development team has secured a $34 million construction loan for a new 140,000-square-foot cold storage building on the border of Elizabeth and Newark, in a deal arranged by JLL.