Industrial
Samsung takes 735,000 sq. ft. in Linden, as N.J. industrial rents continue surge in Q3

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.

Finance & Capital Markets
PGIM Real Estate commits $150,000 to nonprofits focused on racial equity, social justice

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.

Industrial
Russo, PGIM set to break ground on 200,000 sq. ft. Mahwah industrial project

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.

Finance & Capital Markets
LCOR, Madison International land $87 million loan for Montclair luxury apartments

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.

Industrial
Joint venture eyes 1.7 million sq. ft. logistics park after buying 282 acres in Salem County

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.

Industrial
Petrucci, PGIM sell 511,000 sq. ft. Phillipsburg warehouse for $110 million

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.

Industrial
Russo, PGIM eye 200,000 sq. ft. industrial building after buying Mahwah office property

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.

Residential & Mixed Use
Joint venture acquires 100-unit upscale apartment complex in Edgewater

An investment group has completed its first deal with the purchase of a 100-unit luxury apartment complex in Edgewater, in a transaction arranged by brokers with JLL.

Industrial
Peloton leads Q3 industrial deals with 840,000 sq. ft. lease in Linden, CBRE says

Peloton Interactive has leased 840,000 square feet at a new logistics park in Linden, leading the way among tenants as the state’s industrial market continued to thrive in the third quarter.

Industrial
CBRE: Logistics firm takes 607,000 sq. ft. at new Bridge industrial park in Warren County

A logistics firm has committed to more than 600,000 square feet of industrial space in Phillipsburg, marking the latest tenant at a sprawling new campus along Interstate 78.