Professional Services
JLL taps longtime team member as associate focused on multifamily investment sales

A longtime member of JLL’s New Jersey capital markets practice is now an associate with the Morristown-based team.

Finance & Capital Markets
Investors take pause, reassess as interest rates shock commercial real estate market

The rapid rise in interest rates has caused a sudden slowdown and growing uncertainty in New Jersey’s investment sales market, leading buyers to reassess their plans in the near term, while placing newfound pressure on even the strongest asset classes.

Office
Pharma, life sciences users leading New Jersey office leasing in 2022, JLL finds

From leasing to new construction, pharmaceutical and life sciences firms remained a leading force in New Jersey’s commercial real estate market through the first three quarters of 2022.

Residential & Mixed Use
Bijou, Accurate to partner in Montclair apartment project, in joint venture deal brokered by JLL

Development firms Bijou Properties and Accurate are teaming to build 74 luxury apartments in downtown Montclair, brokers with JLL announced Monday.

Office
Kushner taps JLL as leasing team for 160,000 sq. ft. Florham Park office building

Kushner Cos. has retained JLL as its leasing agent for the nearly 160,000-square-foot office building in Florham Park that has long served as its home base in New Jersey.

Industrial
Tenant takes 569,000 sq. ft. at new multistory Bronx warehouse, JLL Northeast team says

A joint venture has leased nearly 570,000 square feet at its newly developed, two-story logistics facility in the Bronx, in a deal by JLL’s Northeast Industrial team.

Finance & Capital Markets
Hampshire, Invesco score construction loan for 112,000 sq. ft. Meadowlands industrial project

A joint venture has closed on a construction loan for a development that will bring more than 110,000 of new logistics space to North Arlington, brokers with JLL announced Monday.

Industrial
Massive ex-manufacturing site in Sayreville to be reborn as 1.1 million sq. ft. logistics hub

A long-dormant and formerly contaminated site in Sayreville, once home to gunpowder and chemical plants, is finding new life under a development that will add more than a million square feet of modern industrial space to the market in Central Jersey. The three-building Arsenal Trade Center also promises to bring new jobs and ratables to the Raritan Bay region. Experts say that, while players like Amazon are stepping back from warehouse and logistics expansion in the state, the market for such properties remains robust.

Retail
KABR, BTF acquire 125,000 sq. ft. Rockland County retail center, in JLL-brokered deal

The KABR Group and BTF have purchased a grocery-anchored retail center in Rockland County for $30 million, in a deal by JLL’s Morristown-based capital markets team.

Industrial
Devli acquires Wallington industrial site, assembling 34-acre development parcel

Devli Real Estate has assembled 34 acres of industrial property in Wallington, creating a rare large tract of developable land in and around the Meadowlands submarket.