Regions Northeast | New Jersey
Trammell Crow to Build Piscataway Business Center
July 8, 2008

Trammell Crow Co. received township approval for the construction of Piscataway Business Center, a two-building industrial project totaling 538,050 square feet located in Piscataway, N.J. Piscataway Business Center 1 will be comprised of 307,800 square feet and Center 2 will be  231,000 square feet. Each building will have more than 550 parking spots. The 44-acre site is located at South Washington Avenue and Centennial Avenue and has easy access to the New Jersey Turnpike and the Garden State Parkway. Only 35 miles outside of New York, construction is expected to begin spring 2009. Each building will be available for sale or lease. Mindy Lissner, Lou Belfer and Stacey Weinberg with CB Richard Ellis’ New Jersey office have been appointed to oversee the leasing team for the project.


 
Recent New Jersey Headlines
Financing Closes for New Jersey Retail/Office Center
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The 185,000-square-foot office and retail property at 2143 State Route 35 in Holmdel, N.J., has been financed to the tune of $17.4 million.
$25M Loan in Place for 276,000-SF Jersey Office Portfolio
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A joint venture involving Ivy Equities and Urdang Capital Management has gotten its hands on nearly $25.2 million in financing for a group of four office buildings in Parsippany, N.J.
The Orbach Group Acquires Miry Run Apartments in New Jersey
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The Orbach Group has purchased the Miry Run Apartments, a nine-building complex housing 144 units.  The  acquisition is the second Hamilton, N.J. property in the company’s portfolio, joining Victoria Apartments, bringing the Hamilton total to 460 units.
Freddie Mac Program Paves Way for $38M Refi of New Jersey Apartment Property
Aug. 15, 2008
A refinancing deal valued at $38.7 million has closed for Hunters Chase Apartments, a 360-unit multifamily community in Evesham, N.J.