Traded: New Jersey

Traded: New Jersey Recent commercial real estate transactions in New Jersey.

LOANIMAGE: Daniel Neiss, Avi Weinstock & Dovid KaufmanDATE: 08/28/2026MARKET: North Plainfield, NJASSET TYPE: Multifamil...
09/18/2026

LOAN
IMAGE: Daniel Neiss, Avi Weinstock & Dovid Kaufman
DATE: 08/28/2026
MARKET: North Plainfield, NJ
ASSET TYPE: Multifamily

BROKERS: Avi Weinstock, Daniel Neiss & Dovid Kaufman - Meridian Capital Group (.Capital.Group)

LOAN AMOUNT: $30,675,000
LOAN TYPE: Acquisition
LOAN TERMS: 74% of Purchase Price 5-year fixed rate at 6.16%, full term interest-only, stepdown prepayment penalty, no deposits required, non-recourse

LENDER TYPE: Balance Sheet Loan

SALEIMAGE: Jacklene Chesler, Patrick Norris & Brittany LeventoffDATE: 09/17/2026ADDRESS: 2035 Lincoln HighwayMARKET: Edi...
09/18/2026

SALE
IMAGE: Jacklene Chesler, Patrick Norris & Brittany Leventoff
DATE: 09/17/2026
ADDRESS: 2035 Lincoln Highway
MARKET: Edison, NJ
ASSET TYPE: Office

SELLER: Jason Cheng - Friendwell Management USA
BROKERS: Jacklene Chesler, Patrick Norris () & Brittany Leventoff () - Colliers ()

SALE PRICE: $11,700,000
SF: 98,556 ~ PPSF: $119

NOTE: Friendwell Management USA sold its 98,556-square-foot Edison Square West office headquarters in Edison, N.J., for $11.7 million in a negotiated pre-auction sale and will remain in the building under a sale-leaseback. The Class A office property has 17,000 square feet of immediate vacancy, with another 13,000 square feet expected to open up as Friendwell downsizes.

LEASEIMAGE: Jamie Sackeim & Jerry WelkisDATE: 09/17/2026ADDRESS: 700 Paramus ParkMARKET: Paramus, NJASSET TYPE: Retail ~...
09/18/2026

LEASE
IMAGE: Jamie Sackeim & Jerry Welkis
DATE: 09/17/2026
ADDRESS: 700 Paramus Park
MARKET: Paramus, NJ
ASSET TYPE: Retail ~ SF: 59,000

LANDLORD: Heidenberg Properties Group
TENANT: NRG Adventure Park
LANDLORD'S REP: Jamie Sackeim - TSCG (The Shopping Center Group) ()
TENANT'S REP: Jerry Welkis & Stephan Miller - Welco Realty

NOTE: NRG Adventure Park signed a lease for a 59,000-square-foot entertainment venue at Paramus Park South in Paramus, N.J., above a 100,000-square-foot grocery store. The space will feature a ropes course, trampolines, a climbing wall and virtual-reality games.

09/18/2026

LEASE
IMAGE: Jamie Sackeim & Jerry Welkis
DATE: 09/17/2026
ADDRESS: 700 Paramus Park
MARKET: Paramus, NJ
ASSET TYPE: Retail ~ SF: 59,000

LANDLORD: Heidenberg Properties Group
TENANT: NRG Adventure Park
LANDLORD'S REP: Jamie Sackeim - TSCG (The Shopping Center Group) ()
TENANT'S REP: Jerry Welkis & Stephan Miller - Welco Realty

NOTE: NRG Adventure Park signed a lease for a 59,000-square-foot entertainment venue at Paramus Park South in Paramus, N.J., above a 100,000-square-foot grocery store. The space will feature a ropes course, trampolines, a climbing wall and virtual-reality games.

LOANIMAGE: Gerard QuinnDATE: 09/17/2026ADDRESS: 412 Whiton StreetMARKET: Jersey City, NJASSET TYPE: Multifamily ~ UNITS:...
09/18/2026

LOAN
IMAGE: Gerard Quinn
DATE: 09/17/2026
ADDRESS: 412 Whiton Street
MARKET: Jersey City, NJ
ASSET TYPE: Multifamily ~ UNITS: 56

LENDER: RWC Lending
LANDLORD: Lea Bell Caliandro - Tower Management Service, L.P.; Lakerock
BROKER: Gerard Quinn - JLL ()

LOAN AMOUNT: $16,500,000
LOAN TYPE: Acquisition
LOAN TERMS: five-year, fixed-rate

NOTE: Tower Management partnered with Lakerock to acquire the 56-unit Jasmin Terrace II apartment building in Jersey City’s Bergen-Lafayette neighborhood, with JLL arranging the joint venture and acquisition financing. RWC Lending provided a $16.5 million, five-year, fixed-rate acquisition loan for the 2024-built property.

SALEIMAGE: Michelle HanDATE: 08/17/2026ADDRESS: 110 Ridgewood AvenueMARKET: ParamusASSET TYPE: HospitalBUYER: Peter Trap...
09/18/2026

SALE
IMAGE: Michelle Han
DATE: 08/17/2026
ADDRESS: 110 Ridgewood Avenue
MARKET: Paramus
ASSET TYPE: Hospital

BUYER: Peter Traphagen
SELLER: John LoGrasso
BROKER: Michelle Han () () - Sotheby's International Realty ()

SALE PRICE: $2,639,000
SF: 6,456 ~ PPSF: $408

NOTE: NJ TRADED | CLOSED

Another successful New Jersey transaction closed.

Michelle Han represented both the Buyer and Seller as Disclosed Dual Agent, managing the transaction from initial negotiations through closing.

Representing both sides of a transaction requires clear communication, transparency, careful coordination, and the ability to keep all parties focused on getting the deal successfully across the finish line.

Congratulations to both the Buyer and Seller on a successful closing.

SALEIMAGE: Eli Millstein, Seth Zuidema, Gary Gabriel, Kyle Schmidt, Steven Millstein & Jon KushnerDATE: 09/08/2026ADDRES...
09/17/2026

SALE
IMAGE: Eli Millstein, Seth Zuidema, Gary Gabriel, Kyle Schmidt, Steven Millstein & Jon Kushner
DATE: 09/08/2026
ADDRESS: 1 Paul Kohner
MARKET: Elmwood Park
ASSET TYPE: Industrial

BUYER: Steven Millstein - The STRO Companies () & Jon Kushner - The KRE Group
SELLER'S REP: Seth Zuidema (), Gary Gabriel & Kyle Schmidt - Cushman & Wakefield ()

SALE PRICE: $18,000,000
SF: 117,000 ~ PPSF: $153

LEASEIMAGE: Andrew Stern, Andrew Connolly, Matt Ogle & Erin GraceDATE: 07/01/2026ADDRESS: 124 Bay StreetMARKET: Jersey C...
09/17/2026

LEASE
IMAGE: Andrew Stern, Andrew Connolly, Matt Ogle & Erin Grace
DATE: 07/01/2026
ADDRESS: 124 Bay Street
MARKET: Jersey City, NJ
ASSET TYPE: Commercial

LANDLORD: Kushner & KABR Group
TENANT: Chelsea Piers
LANDLORD'S REP: Andrew Stern & Andrew Connolly - Newmark ()
TENANT'S REP: Matt Ogle & Erin Grace - JLL ()

ASKING RENT: $100/ft ~ SF: 50,200
LEASE TYPE: Modified Gross Lease

NOTE FROM LANDLORD'S REP: Other deals complete by Newmark at the property, in the heart of NYC's "Sixth Borough":
4,409 square feet to One Medical
4,122 square feet to Hudson Golf
3,270 square feet to Rumble Boxing
3,134 square feet to Daily Provisions
2,750 square feet to Han Dynasty
1,730 square feet to Spear Physical Therapy

LOANIMAGE: Shaya SchubertDATE: 08/28/2026ADDRESS: 88 Sloan StreetMARKET: South OrangeASSET TYPE: MultifamilyBROKER: Shay...
09/16/2026

LOAN
IMAGE: Shaya Schubert
DATE: 08/28/2026
ADDRESS: 88 Sloan Street
MARKET: South Orange
ASSET TYPE: Multifamily

BROKER: Shaya Schubert - Meridian Capital Group (.Capital.Group)

LOAN AMOUNT: $17,000,000
LOAN TYPE: Refinance

NOTE FROM BROKER: Meridian arranged a $17 million first mortgage to refinance a newly completed Class A multifamily property in South Orange, NJ. The bank loan retires the existing construction financing. Shaya Schubert of Meridian negotiated the transaction and can be reached at 718-753-9071.

LOANDATE: 09/11/2026MARKET: Matawan & Eatontown, NJASSET TYPE: MultiFamily ~ UNITS: 402LENDER: A Life Insurance CompanyL...
09/16/2026

LOAN
DATE: 09/11/2026
MARKET: Matawan & Eatontown, NJ
ASSET TYPE: MultiFamily ~ UNITS: 402

LENDER: A Life Insurance Company
LANDLORD'S REP: Charlie Lefkowitz

LOAN AMOUNT: $68,000,000
LOAN TYPE: Refinance
LOAN TERMS: 5 Years

NOTE FROM LANDLORD'S REP: All In coupon rate of 6.00% 1.55% Above the 5 Year treasury Closed in under 35 Days

Address

Hoboken, NJ
07030

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