Industrial
Ridgecut Road recaps low-coverage industrial properties in I-287 corridor

Ridgecut Road has recapitalized two industrial outdoor storage properties in the Interstate 287 corridor, in the latest sign of the subsector’s growing appeal to major investors.

Retail
Agus, Treeco buy ShopRite-anchored retail center in South Plainfield for $40 million

A joint venture has acquired a nearly 220,000-square-foot shopping center in South Plainfield for $40 million, brokers with JLL announced Thursday.

Industrial
Mapletree starts construction, eyes 2026 debut for 250,000 sq. ft. Westampton warehouse

Mapletree Investments Pte Ltd has broken ground on a new 250,000-square-foot industrial building in Burlington County, as it ramps up its development pipeline in key U.S. markets.

Residential & Mixed Use
JLL: Buyer wanted for Edgewater property with 62 apartments, Whole Foods-anchored retail

An upscale retail and residential property in Edgewater is on the market for sale, boasting a tenant roster that’s anchored by Whole Foods and 64 market-rate apartments.

Industrial
Accordia buys two-building, 97,000 sq. ft. shallow-bay portfolio in Charlotte

Accordia has expanded its footprint in the Southeast with its acquisition of more than 97,000 square feet of industrial space in Charlotte, the company said Monday.

Professional Spotlight
JLL

JLL worked on behalf of the borrower to arrange $155 million in construction financing for Charlie, a 386-unit multifamily development in Hoboken, New Jersey. The 27-story, luxury mixed-use residential tower is currently under construction and scheduled for completion in 2026. The development includes 386 units with an average size of 698 square feet, offering studios and junior one-, one-, two- and three-bedroom options. Units feature SmartRent controls for HVAC, along with top-tier amenities like a concierge service, fitness center and large rooftop deck with a pool. This project is also part of a public/private initiative to improve the Hoboken train station area and will receive New Jersey Aspire tax credits.

Retail
TFE sells 93,000 sq. ft. Fair Lawn shopping center after value-add upgrades

TFE Properties has sold a nearly 93,000-square-foot shopping center with redevelopment potential in Fair Lawn, inking the deal less than a year after acquiring the property.

Industrial
Weiss, JLL seeking power-heavy users (such as data centers) for Illinois industrial site

Weiss Realty is hoping to lure a data center or other power-intensive users to a sprawling industrial property in Illinois, touting its load capacity of nearly 275 megawatts.

Industrial
JLL: Ridgecut Road buys six-acre Fairfield industrial property, secures acquisition loan

Ridgecut Road has acquired and secured financing for a low-coverage industrial property in Fairfield, in a set of transactions arranged by JLL’s capital markets team.

Residential & Mixed Use
Developers break ground on 230-unit Watchung rental project just west of Route 22

A joint venture has closed on the site of a planned six-building, $104 million project that will bring 230 luxury apartments to Watchung, where construction is now underway.