Finance & Capital Markets
Provident inks $19 million construction loan for Newark self-storage project, JLL says

A development team has landed a $19 million construction loan for a 1,332-unit self-storage project in Newark’s Ironbound section, according to a debt placement team with JLL.

Office
Honeywell renews 40,000 sq. ft. office lease in Hamilton, Fennelly says

Honeywell International Inc. has renewed a 40,000-square-foot lease at a Hamilton office campus, in a newly announced deal by Fennelly Associates.

Industrial
Cervenka closes on 19-acre parcel in Denville, eyes 119,000 sq. ft. industrial project

Cervenka Development Partners has acquired a 19-acre parcel in Denville that it plans to develop as nearly 120,000 square feet of modern logistics space, the firm announced Thursday.

Industrial
JLL: Construction set to slow in New Jersey industrial market, easing supply of new deliveries

New construction is outpacing leasing volume in New Jersey’s industrial real estate market, but a new report suggests that could change as development becomes increasingly difficult.

Industrial
LXP Industrial Trust sells 127,000 sq. ft. flight training facility in Whippany, JLL says

A real estate investment trust has sold a nearly 130,000-square-foot flight training facility in the Whippany section of Hanover, in a deal arranged by JLL’s New Jersey capital markets team.

Editor’s Note
On the job

As you’ll read in this month’s cover story, veteran planner and public policy expert Dan Kennedy has a full plate of advocacy issues ranging from flood hazard and stormwater regulations to infrastructure and stranded assets. Fortunately, he brings nearly two decades of experience that includes key roles in state government and six years with the Utility and Transportation Contractors Association of New Jersey.

Retail
Mixed-use portfolio in Morris Plains trades for $2 million, JLL says

The longtime owner of two mixed-use buildings and a warehouse in Morris Plains has sold the portfolio for $2 million, in a newly announced deal by JLL.

Professional Services
JLL names new associate vice president for New York metro life sciences team

JLL has added to its life sciences team in the region with one of its newest broker hires.

Office
JLL: Montvale office building sells for $15 million, trading for third time in 12 years

Nessel Development has sold a nearly 120,000-square-foot office building in Montvale for $14.75 million, under a deal arranged by JLL’s New Jersey capital markets team.

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.