Plans for Monmouth Square, Kushner Cos. redevelopment of the Monmouth Mall property in Eatontown, call for the addition of new apartment buildings and landscaped, walkable public space meant to draw retail customers and residents from both the borough and neighboring towns. — Renderings by Minno & Wasko Architects and Planners/Courtesy: Kushner By Joshua Burd For the crowd assembled outside Monmouth Mall in Eatontown, the understatement of the day belonged to Mayor Anthony Talerico Jr., who said it was “safe to say that the mall’s redevelopment was at times controversial, you may have hear ..read more

Plans for Monmouth Square, Kushner Cos. redevelopment of the Monmouth Mall property in Eatontown, call for the addition of new apartment buildings and landscaped, walkable public space meant to draw retail customers and residents from both the borough and neighboring towns. — Rendering by Minno & Wasko Architects and Planners/Courtesy: Kushner By Joshua Burd For the crowd assembled outside Monmouth Mall in Eatontown, the understatement of the day belonged to Mayor Anthony Talerico Jr., who said it was “safe to say that the mall’s redevelopment was at times controversial, you may have heard ..read more

Halstead Place Apartments at 67 Halstead St. in Clinton — Courtesy: Berkadia By Joshua Burd A multifamily owner has sold a 35-unit apartment building in Hunterdon County for a reported $9.3 million, in a newly announced deal by Berkadia. Brokers with the firm represented Merion Realty Partners in its disposition of Halstead Place Apartments, located at 67 Halstead St. in Clinton. AcquiVest acquired the six-year-old, three-story building, which has a mix of one-, two- and three-bedroom rentals with 20 percent reserved as affordable housing. Berkadia senior managing directors Nat Gambuzza, Zacha ..read more

103 Dunns Mill Road in Bordentown — Courtesy: Fennelly Associates By Joshua Burd A fraternal organization has sold a vacant 22,000-square-foot building in Bordentown to a developer for more than $4 million, in a newly announced deal by Fennelly Associates. The buyer, Tosh Wolfe, plans to redevelop the property at 103 Dunns Mill Road as a 182,000-square-foot warehouse facility that will capitalize on the continued demand from tenants in the asset class, according to a news release. It will do so thanks in part to the approved zoning for the building, the brokerage team said, adding that the bui ..read more

Clovis Crossing at 1603 Clovis Barker Road in San Marcos, Texas — Courtesy: JLL By Joshua Burd Denholtz Properties has secured more than $26 million in acquisition financing for nearly 214,000 square feet of high-end industrial space in Texas, in a deal arranged by JLL. According to the debt placement team, Palladius Capital Management provided the loan in connection with the two-building Clovis Barker Logistic Park in San Marcos. Red Bank-based Denholtz announced last month that it purchased the newly built, 213,817-square-foot property at 1603 Clovis Barker Road, roughly 30 miles f ..read more

J.G. Petrucci Co. Inc. and its subsidiary, Iron Hill Construction Management, recently joined Plainfield city officials to mark the opening of Koinonia Academy, a 45,000-square-foot school specifically designed for children with special needs, and First Children School, an institution offering a faith-based and comprehensive learning experience for enrolled children. — All photos courtesy: J.G. Petrucci Co. Inc. By Joshua Burd Two new schools have opened their doors in Plainfield this year with the support of J.G. Petrucci Co. Inc. and its subsidiary, Iron Hill Construction Management. The fir ..read more

Venture capital firm SOSV welcomed state and city officials in Newark recently to unveil the new 35,000-square-foot headquarters for HAX, a facility for developing technology startups across a host of industries. — Photo by Charles David/Courtesy: HAX By Joshua Burd A global venture capital firm has opened the doors to a new 35,000-square-foot facility in Newark that serves as a hub for developing tech startups across a host of industries. Known as HAX, the accelerator at 707 Broad St. is already home to more than 30 companies from around the world and in fields such as climate, industrial aut ..read more

By Dan Kennedy New Jersey stands at a pivotal moment in its economic evolution. We’re presented with a unique opportunity based on consumer needs and federal priorities, including meaningful financial incentives. If New Jersey is to position itself as a hub for advanced industries such as data centers, energy storage and cold storage manufacturing, it needs to act. Compare Loudin County’s work with Dominion Energy to make Northern Virginia the place where “the internet lives” with recent rate cases in New Jersey’s Cumberland County, where significant limitations in Atlantic City Electric’s ser ..read more

The Shops Ledgewood Commons at 461 Route 10 in Roxbury — File photo/Courtesy: Advance Realty Investors By Joshua Burd Urban Edge Properties has acquired a newly redeveloped, 448,000-square-foot shopping center in Morris County for $83 million, the real estate investment trust announced this week. Located on Route 10 in Roxbury, the property known as The Shops at Ledgewood Commons is home to the likes of Walmart, Marshalls, Burlington, Ulta, Starbucks and Chipotle. They’re among the many tenants at the former site of the Ledgewood Mall, which Advance Realty Investors deconstructed and repurpose ..read more

John Breece By Joshua Burd GTL Construction has bolstered its team in New Jersey with the addition of John Breece as a site superintendent. According to the firm, Breece arrives with extensive expertise in commercial and industrial construction. He oversees all trades involved in the construction process, working closely with architects, engineers, code officials and clients directly. Breece’s recent projects include an interior renovation and training facility for Lakeland Bank in Hillsborough and amenity spaces at 194 Wood Ave., an office building in the Iselin section of Woodbridge. “With h ..read more