Nuveen Real Estate has provided a $115 million loan to refinance a portfolio of nine self-storage facilities across the tristate region, brokers with JLL announced Friday.
Officials in Perth Amboy are marking the start of a long-awaited redevelopment along the city’s waterfront, seeking to transform nearly 45 acres of contaminated, blighted property with a mix of pad-ready sites, warehouse space and open space for residents.
A large piece of Perth Amboy’s waterfront is slated to become more than 470,000 square feet of modern warehouse space, recreation space and pad-ready development sites near the city’s downtown, under a plan to clean up and revitalize the long-vacant industrial parcel.
A large stretch of downtown Perth Amboy is now an area in need of redevelopment under state law — as are several other sections of the city — allowing local officials to offer tax incentives, condemn blighted properties and take other steps to help revitalize the properties.
With new leadership in place, officials in Perth Amboy say redevelopment of both the city’s waterfront and its commercial district will be a priority, following years of fits and starts that have hindered large-scale progress in the community.
A Perth Amboy elementary school designed by DIGroup Architecture has earned certification on the U.S. Green Building Council’s Leadership in Energy and Environmental Design scale.
Four new tenants are coming to a Perth Amboy shopping center after combining to lease nearly 13,000 square feet, in a series of deals arranged by The Goldstein Group.
Officials in Perth Amboy are hoping to sharpen their focus on three key redevelopment areas in the city, touting their access to mass transit and the region’s vast highway network.
