Finance & Capital Markets
NAI Hanson brokers $25.5M refinance of Woodbridge retail site

The owner of a 122,643-square-foot retail complex with national tenants in Woodbridge has refinanced the property for $25.5 million, following a deal arranged by NAI James E. Hanson.

Retail
Flooring store continues expansion into N.J., Brunelli says

A Floor & Décor superstore will anchor a newly proposed shopping center at a busy highway intersection in Woodbridge, leasing agent R.J. Brunelli & Co. LLC said Monday.

Government & Public Policy
At NAIOP forum, mayors offer a how-to guide for development

As Woodbridge Mayor John McCormac will tell you, a neighborhood can have a 30-year-old, polluted industrial site that has been abandoned for more than a decade — yet local residents still oppose the mere concept of redevelopment.

Residential & Mixed Use
Russo details mixed-use plans for iconic Hess property

The landmark Hess tower in Woodbridge may be getting some company in the years ahead. That’s according to a plan laid out Wednesday by developer Ed Russo, whose firm is part of a joint venture that aims to acquire and transform some 30 acres around the iconic building. He said the Carlstadt-based firm and its partner, Onyx Equities, intend to build a mixed-use community with roughly 600 residential units and 40,000 square feet of retail space.

Finance & Capital Markets
Redwood Realty brokers multifamily sales in Woodbridge, Union City

Redwood Realty Advisors has closed the sale of two garden apartment properties for a combined price of nearly $4 million.

Retail
‘Water life’ products retailer leases space in Woodbridge

Boating goods retailer West Marine has leased 14,650 square feet at St. Georges Crossing in Woodbridge, Levin Management said Tuesday.