Residential & Mixed Use
Accurate’s pipeline is surging, with an aggressive (but long-term) approach to development

Accurate has been prolific in building and lining up new multifamily development projects across New Jersey, having completed some 1,000 residential units since 2021 alone. It now has construction underway, approvals in place or sites under control to build another roughly 6,400 apartments and townhomes, including some 4,000 in Newark, with more to come.

Editor’s Note
Sustained success

As you’ll read in this month’s cover story, the state’s Community Solar Energy Pilot Program has made it both easier and more lucrative for commercial property owners in New Jersey to go green, allowing solar developers to lease their rooftops and sell power to nearby residents. The policy has been critical to the growth of Solar Landscape, a solar developer founded in 2012 that’s been integral to the program’s rollout. Based in Asbury Park, the 10-year-old firm has leased more than 20 million square feet of rooftop space in New Jersey, making it a key player in the commercial real estate market in just a few years.

Retail
Unity Bank unveils new full-service Lakewood branch, plans additional site in Fort Lee

Unity Bank has opened a new full-service branch in Lakewood and is planning another in Fort Lee, as the Clinton-based lender expands its footprint across the state.

Industrial
Division of HVAC giant Watsco takes 24,000 sq. ft. at Lakewood warehouse

A subsidiary of HVAC distributor Watsco Inc. has leased 24,000 square feet of warehouse space in Lakewood, according to a legal team with Bertone Piccini LLP.

Professional Services
Tokarski Millemann Architects details addition, renovation at Lakewood Mazda dealership

Tokarski Millemann Architects has completed construction documents for a soon-to-be-updated Mazda dealership in Lakewood, the Wall-based firm announced.

Industrial
BRC inks sale of 53,000 sq. ft. Lakewood industrial building

An investor has purchased a nearly 53,000-square-foot industrial building in Lakewood, in a newly announced transaction by Bussel Realty Corp.

Retail
LMC adds 840,000 sq. ft. management assignment in New Jersey, Pennsylvania

The owner of a nine-property, 840,000-square-foot portfolio in New Jersey and Pennsylvania has tapped Levin Management Corp. to manage the mix of mostly retail assets.

Retail
CBRE: Auto dealership chain inks $55 million sale-leaseback in New Jersey, Pennsylvania

An automotive group has completed a $55 million sale-leaseback involving a series of dealerships and other buildings in New Jersey and Pennsylvania, in a deal arranged by CBRE.

Industrial
Sudler touts record leasing activity in 2020, fueling 98 percent occupancy portfolio-wide

Sudler Cos. has started 2021 at nearly full occupancy across its portfolio after a year in which it saw 1.2 million square feet of leasing velocity.

Industrial
Sudler inks four leases totaling 226,000 sq. ft. at Lakewood industrial park

Sudler Cos. has leased up four new speculative industrial buildings in Lakewood, securing 225,600 square feet in commitments as it prepares to break ground on the final property.