The Most Comprehensive Source for Commercial Real Estate News in the Region 

Rick Stern Columbus, NJ — U.S. Department of Agriculture Rural Development’s NJ State director Rick Stern announced an investment that will help small and emerging businesses in rural NJ access the tools and support they need to formalize, grow and sustain their operations. William Patterson University of New Jersey is receiving a Rural Business Development Grant of $128,000 to support the delivery of technical assistance, business training, access to capital, and digital tra

Alan Sussman represents seller of 33,841 s/f multi-tenant property Millville, NJ — A.J. Sussman Company, a regional commercial and investment real estate brokerage specializing in income-producing properties, announced the sale of Dollar Tree Plaza, a neighborhood retail shopping center located at 700 N. 2nd Street in Millville. The 33,841 s/f multi-tenant property, situated on 3.46 acres, sold for $2.4 million ($72 psf). Founder and principal Alan Sussman represented the sel

The landlord representation was handled in-house by Jeff Hale of Sudler Companies Lakewood, NJ – Global commercial real estate advisor, Avison Young announced that First Priority Group (FPG), a manufacturer of emergency and specialty vehicles, has signed a full‑building, 75,000 s/f industrial lease at 1719 Oak St. in Lakewood. The substantial footprint represents a major operational expansion for FPG, enabling the company to significantly increase production capacity as it re

Mixed-use project to spur investment along key stretch of Long Branch’s Broadway Corridor Shown from left: Debra Tantleff, founding principal of TANTUM Real Estate; James Taylor, CEO of Downeaster Development; Long Branch Mayor John Pallone; Long Branch Councilman Bill Dangler; and Charles Shirley, business administrator. TANTUM Real Estate© LONG BRANCH, NJ — Downeaster Development and TANTUM Real Estate broke ground on The Elbie, a 78-unit rental community that will bring re

Harrisburg, PA — Campbell Commercial Partners has successfully sold 8011 Paxton St. in Harrisburg. The 1.55 acre property was purchased by Dillsburg Roofing Siding and Windows, LLC. The flex property is comprised of multiple buildings totaling approximately 9,055 s/f. Larry Kostelac of Campbell Commercial Partners represented the seller in the transaction. Laura Martin of SVN Latus represented the buyer.

WASHINGTON, DC — Marcus & Millichap Capital Corporation (MMCC) arranged $4,134,000 in financing for a newly built, 11-unit multifamily property located at 1706 17th St. Southeast in Washington, DC. Jared Cassidy, senior director in MMCC’s Washington, D.C. office secured 5-year, non-recourse agency financing at 70% loan-to-value on behalf of a private client. The loan also includes 3 years of interest-only payments and a flexible prepayment structure. “This financing supports

Greensboro, NC and Richmond, VA — G.S. Wilcox & Co. has completed $18.9 million in combined financing for two retail properties in Greensboro, North Carolina and Richmond, Virginia for a New Jersey-based borrower. Both retail properties are anchored by the local grocery chain Food Lion. The financings were arranged by Bridget Wilcox, partner, Wesley Wilcox, partner, and Will Gallagher, associate Producer, and were secured through two correspondent life insurance companies of

MILLVILLE, DE — Institutional Property Advisors (IPA) announced the sale and financing of Ascend by the Sea, a 216-unit multifamily asset in Millville, DE. “Located in Sussex County, the fastest-growing county in Delaware and part of the Delmarva Peninsula coastal corridor, Ascend by the Sea has virtually no competition from other institutional-quality multifamily rental communities,” said Bob Dean, IPA senior managing director. “Within a two-mile radius, the population has i