Professional Spotlight
JLL

JLL Capital Markets facilitated the sale, joint venture acquisition equity and debt placement for 1 Electronics Drive, a 16-acre flex/industrial property located in Hamilton, Mercer County, New Jersey. Acting on behalf of the seller BTR Capital Group, JLL Capital Markets arranged the sale to Saxum Real Estate. Additionally, working on behalf of the new owner, JLL secured joint venture equity from Meadow Partners along with acquisition financing from Prime Finance.

Residential & Mixed Use
Buyer wanted for two-year-old, 232-unit rental property in Belleville, JLL says

The owner of 232 luxury apartments in Belleville has put the property on the market for sale, in an offering that comes just two years after the completion of the two-building development.

Industrial
Seagis buys new 211,000 sq. ft. Kearny warehouse in deal with Russo, River Development

Seagis Property Group has acquired more than 211,000 square feet of newly completed logistics space in Kearny, in a deal arranged by Cushman & Wakefield.

Office
JLL: Private buyer adds 155,000 sq. ft. former MetLife office building in Hanover

Ravine Development Co. LLC has sold a nearly 155,000-square-foot office building in Hanover Township, brokers with JLL announced Monday.

Community
NAIOP New Jersey golf classic raises funds for 15,000 meals for Community FoodBank of N.J.

The state’s commercial real estate sector came together last month for a day of friendly competition and community action as NAIOP New Jersey hosted its 2024 Golf Classic and Pickleball Tournament, in a show of support for the Community FoodBank of New Jersey

Industrial
JLL: Link Logistics eyes 123,000 sq. ft. warehouse after acquiring Parsippany office parcel

Link Logistics has acquired the site of an empty office building in Parsippany that’s slated to be redeveloped as a 123,000-square-foot warehouse, in a newly announced deal by JLL.

Finance & Capital Markets
Tulfra lands permanent loan with Nuveen for new 160-unit rental property in Rochelle Park

Tulfra Real Estate has secured permanent financing for its new 160-unit luxury apartment building in Rochelle Park, in a deal arranged by JLL.

Industrial
Terreno, 3PL firm sign 75,000 sq. ft. industrial lease in Elizabeth

Terreno Realty Corp. has landed a new tenant for a nearly 75,000-square-foot industrial space in Elizabeth, in a deal arranged by The Blau & Berg Co. and JLL.

Residential & Mixed Use
Prism eyes multifamily development at 33-acre former office campus in Woodland Park

Prism Capital Partners has acquired a 33-acre former corporate campus in Woodland Park with zoning in place to build up to 400 residential units, in a deal arranged by JLL.

Finance & Capital Markets
Nuveen closes $28 million loan for 215,000 sq. ft. North Bergen industrial asset, JLL says

Nuveen Real Estate has provided $28 million in permanent financing to the owner of a 215,000-square-foot industrial building in North Bergen, brokers with JLL announced.