Murphy Schiller & Wilkes LLP

Home Depot affiliate takes 196,000 sq. ft. at new Bayonne industrial building

An affiliate of Home Depot has leased nearly 200,000 square feet at a soon-to-be-built industrial property in Bayonne, in a newly announced deal by JLL.

Office

Saxum sells repositioned Montclair office building for $4.4 million

Saxum Real Estate has sold a boutique office building in downtown Montclair for $4.4 million, in a recently completed deal by Marcus & Millichap.

Retail

Craft brewery, tasting room set to open new 12,000 sq. ft. location at Fort Monmouth

A craft brewery is set to open its doors at Fort Monmouth after recently leasing space at a repurposed commissary building, according to a brokerage team with Pierson Commercial.

Professional Services

MSW adds counsel, associate as newest members of real estate law team

Murphy Schiller & Wilkes LLP has announced two new additions to its Newark-based team of commercial real estate attorneys.

Retail

Denholtz, brewery ink 12,000 sq. ft. lease for new-look Fort Monmouth commissary building

Denholtz Properties has secured its first tenant at a repurposed commissary building at Fort Monmouth, leasing more than 12,000 square feet for a planned brewery and tasting room.

Residential & Mixed Use

Revival of Parsippany site underway as office buildings come down, with rentals soon to come

The transformation of a sprawling suburban office park in Parsippany is now on full display, as a development team continues its teardown of several aging buildings while marking the start of construction for 275 new apartments at the site.

Finance & Capital Markets

Parsippany developer lands $91 million construction loan, breaks ground on 275 rentals

A developer has secured $91 million in construction financing for 275 apartments in Parsippany, helping to kick off the transformation of a former suburban office park.

Professional Spotlight

MSW represents a wide range of clients, including major national and international developers, national and local lending institutions, institutional investors, family offices, landlord and tenants and other owners and developers of real property. Our boutique nature and multidisciplinary model has allowed the firm to represent a diverse array of clientele, from the largest real estate development and private equity firms in the country to smaller family offices based in New Jersey.

Government & Public Policy

Approvals for cannabis grow, processing sites unleash new demand for already-scarce industrial space

With licensing for recreational marijuana now underway in New Jersey, commercial real estate owners are seeing a real-time rush for spaces that will help launch the industry beyond the medicinal use market created more than a decade ago.

Reverse appeals can lead to unexpected property tax liabilities for commercial property owners

As the real estate market remains strong, and property values continue to rise across many asset classes, commercial property owners need to be aware of the growing trend with municipalities aggressively seeking to substantially increase tax assessments for commercial properties by filing their own tax appeals.