Industrial
Bridge, furniture maker ink 309,000 sq. ft. lease in Somerset, NAI DiLeo-Bram says

A furniture manufacturer has leased more than 300,000 square feet at Bridge Development Partners’ newly built industrial park in Franklin Township, NAI DiLeo-Bram & Co. announced.

Office
Investor sells Morris County office building for $50 million, completing value-add plan

An investment firm has sold a 232,000-square-foot office building in Morris County for $50 million, more than doubling the price it paid to acquire the property in early 2017.

Office
Tenant interest in ‘hub-and-spoke’ model brings added focus to state’s new-look office stock

A growing number of New York City-based firms have considered short-term office space in the suburbs, in an effort to reduce density, keep employees closer to home and reduce their reliance on mass transit. The movement has provided landlords and brokers with a chance to showcase New Jersey’s growing stock of revamped and rejuvenated office buildings.

Residential & Mixed Use
JLL seeking buyer for 350-unit luxury rental property in Englewood

The owner of a 350-unit luxury apartment complex in Englewood is seeking a buyer for the property, in a newly announced offering by JLL’s New Jersey capital markets team.

Industrial
Chilmark announces New Jersey industrial, office deals totaling 120,000 sq. ft.

A retail distributor has leased nearly 80,000 square feet of industrial space in Hamilton, in the largest of four newly announced transactions by Chilmark Real Estate Services.

Professional Services
JLL names new executive VP for New Jersey office leasing team

JLL has added to its New Jersey office leasing team with the hiring of a veteran broker.

Finance & Capital Markets
JLL inks $49 million refi loan for Texas multifamily project

The developer of a 306-unit multifamily project near Fort Worth, Texas, has refinanced for $49.1 million, under a transaction arranged by JLL’s New Jersey capital markets team.

Office
Bank, co-working firm ink leases as JLL is named agent at Parsippany office buildings

An investment group has picked JLL to market five newly acquired office buildings in Parsippany, where the team has closed two new leases totaling nearly 57,000 square feet.

Office
JLL: Investors acquire 228,000 sq. ft. office building in Florham Park

A joint venture has acquired a 228,000-square-foot office building in Florham Park, under a newly announced deal by JLL’s New Jersey capital markets group.

Finance & Capital Markets
JLL: Developer lands permanent financing for new Union rental project

The developer of an 80-unit luxury apartment building in Union has secured permanent financing for the property, in a transaction arranged by JLL.