A specialty food and tobacco shop will open its first New Jersey location, in downtown Jersey City, in one of several newly announced retail deals by Grid Real Estate.
A buyer has paid nearly $24 million for two Jersey City warehouses, brokerage firm Grid Real Estate said, noting that the company now plans to use the buildings for film studio space.
A mixed-use, 20,000-square-foot building in the Journal Square section of Jersey City has changed hands, following a $3.4 million transaction by Grid Real Estate LLC.
Over the past 15 years, Panepinto Properties and Ironstate Development have transformed an entire block in the heart of downtown Jersey City, delivering three towers with nearly 1,500 apartments, along with a 152-key hotel, a 1,000-space parking garage and street-level retail space along Columbus Drive. In the process, they have anchored the resurgence of a neighborhood just a few blocks from the Hudson River, paving the way for other projects in the booming multifamily submarket.