Retail
Urban Edge set to acquire 92,000 sq. ft. Bridgewater lifestyle center for $54 million

Urban Edge Properties is on track to acquire an upscale retail center in Bridgewater for more than $54 million, as it continues to reshape its extensive holdings in New Jersey.

Industrial
Legacy, Commerce Park buy 27,000 sq. ft. industrial property in Totowa

A joint venture has acquired a nearly 27,000-square-foot industrial building in Totowa with plans to modernize and reposition it as a mixed-use commercial property.

Finance & Capital Markets
CrownPoint lands construction loan for 854-unit South River self-storage project, JLL says

CrownPoint Group has closed on construction financing for a planned 854-unit self-storage facility in Middlesex County, according to a debt placement team with JLL.

Top News
Regeneron taps JLL to market ex-Avon research campus in Suffern for sale, lease

Regeneron is seeking a buyer or tenant for a well-known, 235,000-square-foot research and development campus just north of Bergen County, according to a listing team with JLL.

Finance & Capital Markets
Legacy owner scores $296 million loan for 1,880-unit New Jersey apartment portfolio

The owner of nearly 1,900 garden-style apartments in northern and central New Jersey has closed on $296 million in financing for the portfolio, brokers with JLL announced.

Retail
Morristown-based JLL team lists grocery-anchored retail center in Connecticut for sale

The owner of a grocery-anchored shopping center in southwest Connecticut has tapped JLL’s Morristown-based capital markets team to sell the property.

Finance & Capital Markets
JLL: ‘Vintage City’ team lands $83 million debt, mezzanine deal for 258-unit Elizabeth project

A development team has secured more than $83 million in capital to build 258 new luxury apartments in Elizabeth, in the second phase of a project that has won widespread acclaim.

Finance & Capital Markets
Bridge Industrial snags $86 million bridge loan for new 356,000 sq. ft. Bayonne warehouse

Bridge Industrial has landed more than $86 million in financing for some 356,000 square feet of newly built warehouse space in Bayonne, in a transaction arranged by JLL.

Finance & Capital Markets
JLL: Investor lands $11.5 million acquisition loan, eyes new grocery-anchored center in Clifton

A developer has secured acquisition financing for a nearly 49,000-square-foot commercial property in Clifton that it plans to reposition as a grocery-anchored retail center.

Events
Is Newark a magnet for capital? Yes, but it’s complicated.

It was a reminder of Newark’s allure as a destination for those who see the value of its workforce, transit access and deep network of anchor institutions. Capturing that upside is far more complicated, according to panelists who explained why and how developers, investors and other stakeholders are making deals work in the city.