The owner of a ShopRite-anchored retail center in Woodbridge has refinanced the property for more than $43 million, according to a debt placement team with JLL.
The rapid rise in interest rates has caused a sudden slowdown and growing uncertainty in New Jersey’s investment sales market, leading buyers to reassess their plans in the near term, while placing newfound pressure on even the strongest asset classes.
Industrial rents in northern and central New Jersey continued to soar in the third quarter, amid ongoing demand for relatively few spaces and locations near the New Jersey Turnpike, fueling deals such as Samsung’s lease for more than 735,000 square feet in Linden.
PGIM Real Estate has announced several new partnerships aimed at bolstering the firm’s commitment to supporting racial equity and social justice in the U.S.
Russo Development and PGIM Real Estate have completed demolition of a defunct office complex in Mahwah, paving the way for construction of a new 200,000-square-foot industrial building at the site.
The owners of a two-building, 258-unit multifamily property in Montclair have closed on more than $87 million in financing for the asset, in a deal arranged by JLL.
CT Realty and PGIM Real Estate have acquired 282 acres in Salem County for a plan to develop a two-building, 1.7 million-square-foot industrial park at the Delaware Memorial Bridge.
A joint venture has sold a newly built, 511,200-square-foot industrial building in Phillipsburg for $110 million, allowing a Boston-based firm to expand its footprint in the state.
A joint venture has closed on the site of a Mahwah office building that it now plans to redevelop as 200,000 square feet of modern industrial space, brokers with CBRE said Monday.
