Finance & Capital Markets
JLL: Builder of Somerset apartments refinances for $12 million

A developer has secured a $12 million loan in connection with a new 61-unit apartment building in the Somerset section of Franklin, brokers with JLL announced Thursday.

Industrial
Buyer wanted for 60,400 sq. ft. Meadowlands industrial building

The owner of a 60,400-square-foot light industrial building in the Meadowlands is seeking a buyer, in a newly announced offering by JLL’s New Jersey team.

Office
JLL tapped to lease 120,000 sq. ft. office building in Morris County

Highstone Equity Group has selected JLL as its leasing agent at a nearly 120,000-square-foot office building in Cedar Knolls.

Retail
Goldstein Group brokers sale of bank, restaurant buildings in North Jersey

A former Chase bank branch in Lake Hopatcong has changed hands for an undisclosed price, in one of two newly announced transactions by The Goldstein Group.

Residential & Mixed Use
JLL marketing 22-acre development site at Linde campus in New Providence

Chemical maker Linde is seeking a buyer for the site of a vacant research building in New Providence, where it has secured approvals for up 297 multifamily units.

Retail
JLL: Buyer wanted for net-leased Home Depot in Bloomfield

A net leased Home Depot property in Essex County is on the market for sale, in a newly announced offering by JLL’s New Jersey capital markets team.

Industrial
Endurance breaks ground on 289,000 sq. ft. warehouse project in Burlington Twp.

A developer has broken ground on a two-building industrial project that will bring nearly 300,000 square feet of new warehouse space to Burlington Township.

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.