Residential & Mixed Use
Panepinto, adding to five-decade legacy in Jersey City, breaks ground on 605-unit high-rise

Panepinto Properties has broken ground on a 53-story residential tower in Jersey City, with plans to add more than 600 apartments to the burgeoning Journal Square neighborhood as its hails its latest investment during nearly five decades in the municipality.

Office
JLL: Town & Country Living leases 30,000 sq. ft. at rebranded office building in Glen Rock

Home décor company Town & Country Living has taken 30,000 square feet at a newly renovated office building in Bergen County, according to a leasing team with JLL.

Professional Services
JLL adds nonprofit brokerage team for New York City, tristate

An accomplished broker and his team have joined JLL to lead the nonprofit, education and government practice based in the firm’s Manhattan office.

Retail
Principal sells 215,000 sq. ft. grocery-anchored retail center in Delran, JLL says

Principal Asset Management has sold a nearly 215,000-square-foot retail property in the Burlington County township of Delran, brokers with JLL announced Thursday.

Retail
Joint venture buys 38,000 sq. ft. Cinemark property at busy Route 22 intersection, JLL says

A joint venture has acquired the site of a nearly 38,000-square-foot movie theater on Route 22 in Watchung, in a newly announced deal by JLL.

Office
Dr. Reddy’s takes 53,000 sq. ft. at Princeton-area office building, C&W says

Dr. Reddy’s Laboratories has leased 53,000 square feet at a newly updated office complex outside Princeton, in one of two newly announced deals by Cushman & Wakefield.

Industrial
Developer eyes 490,000 sq. ft. of new industrial space minutes from Lincoln, Holland tunnels

Construction is underway on a project that will bring nearly 500,000 square feet of new industrial space to Jersey City, in a rare ground-up development in the submarket that will create the largest high-end logistics facility within five miles of the Lincoln and Holland tunnels.

Finance & Capital Markets
JLL arranges acquisition financing, JV equity for $23.5 million industrial deal in Sayreville

The buyer of an industrial outdoor storage property in Sayreville has secured acquisition financing for the nearly $24 million deal, brokers with JLL announced Thursday.

Office
JLL: Life sciences still strong in New Jersey amid new office, manufacturing needs

Life sciences companies remain a leading driver of commercial real estate in New Jersey, accounting for more than a third of all office leases during the first half of 2023 and fueling a pipeline of deals for lab and manufacturing space.

Industrial
Ridgecut, Brennan Investment buy Sayreville industrial property for $23 million

A joint venture has acquired a truck facility and industrial outdoor storage property in Sayreville for more than $23 million, in a deal arranged by Kassin Sabbagh Realty.