Industrial
Industrial sector could bounce back quickly — and stronger — after short-term hit from COVID

Industrial developers and companies seeking logistics space are unlikely to face lasting damage from the coronavirus pandemic, experts say, but the market is still poised for major changes amid disruptions to supply chains and consumer spending habits.

Finance & Capital Markets
P3 Properties lands $60 million loan for Parsippany office acquisition

The buyer of a two-building, 550,000-square-foot office complex in Parsippany has secured nearly $60 million in financing, under a newly announced transaction by JLL.

Office
JLL: Owner of ex-Toys R Us headquarters eyes office, retail uses in repositioning plan

The new owner of the former Toys R Us headquarters in Wayne has tapped JLL to market the property, seeking a mixed-use, multitenant approach as it repositions the campus.

Industrial
JLL: New Jersey industrial demand starts strong in Q1, faces new test from COVID-19

Industrial leasing stayed strong in New Jersey ahead of the COVID-19 outbreak, as experts now wait to determine the long-term impact of the pandemic on the state’s surging market for warehouse and distribution space.

Industrial
West Deptford industrial building trades for $20 million, JLL says

An investment fund has acquired a fully leased, 183,000-square-foot industrial property in West Deptford for $20.2 million, in a transaction arranged by JLL.

Office
NKF inks 66,000 sq. ft. lease at Warren office, tech campus

A global communications firm has leased more than 65,000 square feet at a three-building commercial campus in Warren, in a newly announced transaction by Newmark Knight Frank.

Finance & Capital Markets
Buyer of Jersey City rental building lands $41 million loan, JLL says

The buyer of a newly developed, 104-unit apartment building in Jersey City has secured more than $40 million in financing, in a transaction arranged by JLL.

Finance & Capital Markets
JLL sources $17.5 million loan for mixed-use Red Bank project

Denholtz Properties has secured more than $17 million in financing to develop 57 luxury apartments and retail space in Red Bank, brokers with JLL announced Thursday.

Residential & Mixed Use
Luxury apartment, retail complex in Metuchen sells for $30 million

The developer of a two-year-old luxury residential and retail complex in Metuchen has sold the property for nearly $30 million, in a transaction arranged by JLL.

Office
JLL: Office owner expands in Parsippany, acquires 550,000 sq. ft. complex

An investment group has acquired a two-building, 550,000-square-foot office complex in Parsippany, adding to its footprint after having revitalized an adjacent property.