A fast casual restaurant chain has picked Linden for its first New Jersey location, with plans to open a 3,200-square-foot store along the city’s main highway retail corridor.
The developer of a 113-unit apartment building in Linden has secured more than $17 million in financing, in a newly announced deal by Marcus & Millichap Capital Corp.
A developer has secured a $395 million loan for a portfolio of multifamily assets, including the former Newark Bears stadium site where plans now call for 4,200 residential units.
The owner of a 129-unit apartment portfolio in Union and Essex counties has landed more than $10 million in financing, in a newly completed transaction by Cronheim Mortgage.
A flavor and food ingredients company has purchased an 8,000-square-foot industrial building in Linden for more than $1 million, according to brokers with Bussel Realty Corp.
After building its New Jersey portfolio to nearly 8 million square feet in recent years, Duke Realty Corp. is poised for further growth in the state with several high-profile developments underway.
The pandemic has not stifled rent growth in New Jersey’s industrial market, as Amazon and other e-commerce users continue to drive leasing and construction activity statewide.
Amazon is adding to its already-vast footprint in New Jersey, announcing plans for 14 new locations geared toward the last mile of its fulfillment process.
A development and leasing team recently welcomed dozens of brokers to a virtual open house for a planned eight-building, 4.1 million-square-foot logistics park in Linden, complete with a construction update, aerial drone footage and a networking session for those on the call.
