Industrial
Accordia buys two-building, 97,000 sq. ft. shallow-bay portfolio in Charlotte

Accordia has expanded its footprint in the Southeast with its acquisition of more than 97,000 square feet of industrial space in Charlotte, the company said Monday.

Professional Spotlight
JLL

JLL worked on behalf of the borrower to arrange $155 million in construction financing for Charlie, a 386-unit multifamily development in Hoboken, New Jersey. The 27-story, luxury mixed-use residential tower is currently under construction and scheduled for completion in 2026. The development includes 386 units with an average size of 698 square feet, offering studios and junior one-, one-, two- and three-bedroom options. Units feature SmartRent controls for HVAC, along with top-tier amenities like a concierge service, fitness center and large rooftop deck with a pool. This project is also part of a public/private initiative to improve the Hoboken train station area and will receive New Jersey Aspire tax credits.

Retail
TFE sells 93,000 sq. ft. Fair Lawn shopping center one year after acquisition

TFE Properties has sold a nearly 93,000-square-foot shopping center with redevelopment potential in Fair Lawn, inking the deal less than a year after acquiring the property.

Industrial
Weiss, JLL seeking power-heavy users (such as data centers) for Illinois industrial site

Weiss Realty is hoping to lure a data center or other power-intensive users to a sprawling industrial property in Illinois, touting its load capacity of nearly 275 megawatts.

Industrial
JLL: Ridgecut Road buys six-acre Fairfield industrial property, secures acquisition loan

Ridgecut Road has acquired and secured financing for a low-coverage industrial property in Fairfield, in a set of transactions arranged by JLL’s capital markets team.

Residential & Mixed Use
Developers break ground on 230-unit Watchung rental project just west of Route 22

A joint venture has closed on the site of a planned six-building, $104 million project that will bring 230 luxury apartments to Watchung, where construction is now underway.

Finance & Capital Markets
Kaplan snags $36 million construction loan for 142-unit Sayreville rental project, JLL says

Kaplan Cos. has secured a $36 million construction loan for a planned six-building, 142-unit multifamily project in Sayreville, in a newly announced deal by JLL.

Residential & Mixed Use
Buyer wanted for 421-unit luxury rental property in Westchester County suburb, JLL says

The developer of more than 400 luxury apartments in Westchester County has listed the property for sale, in a newly launched offering by JLL’s Morristown-based capital markets team.

Finance & Capital Markets
Luxury senior housing project in Nutley scores $29 million construction loan, JLL says

A developer has secured a nearly $30 million construction loan for an 85-unit, age-restricted residential project in Nutley, brokers with JLL announced Thursday.

Office
Law firm Davison Eastman takes 14,000 sq. ft. in new Freehold office deal, JLL says

A law firm is changing addresses in Freehold after agreeing to lease nearly 14,000 square feet at an adjacent building along Route 33, according to a brokerage team with JLL.