Industrial
Stonemont delivers new 296,000 sq. ft. spec warehouse project in Passaic

Atlanta-based Stonemont Financial Group has completed construction on nearly 296,000 square feet of new industrial space off Route 21 in Passaic.

Finance & Capital Markets
CBRE: Recycling firm inks $19 million refi for new 124,000 sq. ft. Passaic facility

The owner of a new 124,000-square-foot recycling facility in Passaic has secured an $18.6 million loan for the property, brokers with CBRE announced Tuesday.

Residential & Mixed Use
Cervelli: Tenants wanted for ground-floor, rooftop commercial space at Passaic loft project

The owner of a loft-style apartment building in Passaic has tapped Cervelli Real Estate and Property Management as its leasing team for the property’s commercial space.

Finance & Capital Markets
Balance sheet lender Bayport Funding sees growing pipeline in North Jersey after recent construction, fix-and-flip financing deals

Real estate lender Bayport Funding is staying bullish on New Jersey after a flurry of recent deals in the state, including a combined $8.25 million in transactions in eastern Bergen County.

Residential & Mixed Use
BridgeInvest, Birch Group ink $35 million acquisition loan for 147-unit Passaic rental property

A private lender has closed a nearly $35 million loan to finance The Birch Group’s acquisition of a newly opened, 147-unit multifamily property in Passaic.

Residential & Mixed Use
Kislak inks multifamily deals in Passaic, Orange totaling $3.9 million

A building with 23 apartments and a restaurant space in Passaic has traded for $2.5 million, in one of two newly announced deals by The Kislak Co. Inc.

Residential & Mixed Use
Cervelli brokers sale of 17-unit Passaic apartment building

A private investor has purchased a 17-unit apartment building in Passaic, in an off-market deal by Cervelli Real Estate & Property Management.

Office
NAI Hanson named leasing agent for 70,000 sq. ft. Passaic office building

The owner of a 70,000-square-foot office building in downtown Passaic has tapped NAI James E. Hanson as its leasing agent.

Residential & Mixed Use
Passaic building with 13 apartments, retail space trades for $4.3 million, Kislak says

A distinctive 13-unit apartment and retail building in Passaic has changed hands for $4.3 million, in a deal arranged by The Kislak Co. Inc.

Residential & Mixed Use
Gebroe-Hammer inks sale of 53 apartments in Passaic, Paterson in deals totaling $9.8 million

An investor has purchased a 23-unit apartment building in Passaic for $4.5 million, in the largest of three newly announced deals in the region by Gebroe-Hammer Associates.