A nine-building, grocery-anchored retail center spanning nearly 400,000 square feet has changed hands on Long Island, in a deal arranged by JLL’s Morristown-based capital markets team.
Urban Edge Properties has secured $290 million to refinance its 1 million-square-foot Bergen Town Center in Paramus and Maywood, in a newly announced deal by JLL.
A developer has leased more than 845,000 square feet at a new industrial park in Hamilton, securing a tenant for the final piece of the project near the Trenton border.
A six-building office park outside Princeton is on the market for sale, offering more than 500,000 square feet with value-add potential in one of the state’s top submarkets.
The owner of a Bergen County office building has tapped JLL as its leasing agent, offering 50,000 square feet of contiguous space across the property’s top two floors.
A contract research organization has leased nearly 27,000 square feet of office space in Plainsboro, in a newly announced deal by Commercial Property Network Inc.
Office vacancy in northern and central New Jersey continued upward in early 2023, driven by a slowdown in leasing and large blocks of space flooding the market, even as high-end buildings remained a draw for tenants seeking a more modern work environment.
Invesco Real Estate and The Hampshire Cos. have obtained a $34.5 million construction loan to build nearly 188,000 square feet of new industrial space in Bergen County.
A joint venture has acquired a nearly 222,000-square-foot industrial building in Teterboro with the help of $39 million in financing secured by JLL, the debt placement team said Tuesday.
