Industrial
Prologis inks nearly 870K sq. ft. to logistics, retail firms

Industrial real estate giant Prologis has inked two new deals in New Jersey totaling nearly 870,000 square feet, with CBRE Group Inc. serving as its broker in the recent transactions.

Finance & Capital Markets
Investors announces more than $300M in CRE loans

Investors Bank has originated than $308 million in loans in recent weeks, financing more than a dozen transactions involving multifamily and commercial properties.

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.