Industrial
REIT buys 260,000 sq. ft. cold storage facility in Perth Amboy, HFF says

A real estate investment trust has acquired a 260,046-square-foot, triple net leased Preferred Freezer Services facility in Perth Amboy, brokers with HFF said Monday.

Current Issue
From the publisher: The strength of a few, a missed opportunity for many

Aside from a handful of top players who dominate the business, there is a noticeable lack of commercial mortgage brokers and mortgage banking firms that are based here in the Garden State. How can that be, in a state that has billions of dollars in mortgages to originate and billions more to refinance?

Finance & Capital Markets
HFF brokers $28.5 million refinance for I-80 industrial complex

The owner of a three-building, 443,030-square-foot warehouse complex in Mount Olive has refinanced the property for $28.5 million, brokers with HFF said Thursday.

Finance & Capital Markets
HFF brokers $19 million refi for Somerset County retail center

Advance Realty has refinanced a grocery-anchored, 104,331-square-foot retail center in Bound Brook with a $19 million loan arranged by HFF.

Retail
Jersey Shore retail center sells for $41.5 million, HFF says

A grocery-anchored retail center in Monmouth County has changed hands for more than $40 million, following a sale arranged by brokers with HFF.

Finance & Capital Markets
HFF lands $10.2 million loan for Tulfra self-storage project

Brokers with HFF have secured $10.2 million in financing for a developer to build a 925-unit self-storage facility on the border of Nutley and Clifton.

Residential & Mixed Use
HFF: Hoboken apartment complex sells for $146 million

An affiliate of J.P. Morgan Asset Management has sold a 240-unit, luxury apartment complex in Hoboken for $146 million, HFF said, in New Jersey’s largest apartment sale in 2018.

Industrial
HFF sources $37 million loan for Secaucus industrial project

The developer of a newly built, two-building industrial complex in Secaucus has secured nearly $37 million in permanent financing, according to brokers with HFF who arranged the loan.

Office
HFF: Investor acquires seven Parsippany buildings, completes office park

An office park in Parsippany is under a single ownership for the first time in decades, HFF said, following an investor’s acquisition of seven properties on the campus.

Industrial
Developers grapple with scarce opportunities, soaring prices while riding N.J. industrial wave

In New Jersey’s booming industrial market — where rent growth is unprecedented and speculative development is rewarded — owners and investors still face a major challenge when it comes to deploying capital and keeping their pipelines filled.