Day: September 4, 2025

A 4-Story Storage Facility Proposed Off Route 202 in Somerset County, New Jersey

Another self-storage facility is being proposed in Somerset County. Sempre Property Group LLC of Warren is proposing to build a three-story plus a basement, 25,844 square foot self-storage facility with 587 units at the corner of Route 202 North and ImClone Drive in Branchburg. It would be located on the wooded lot before Chubb Way. The Branchburg Zoning Board of Adjustment is expected to hear the application at its Sept. 17 meeting. The applicant is seeking multiple variances as a self-storage facility is not a permitted use in the zone.…

Newmark Secures $425 Million Refinancing for National Self-Storage Portfolio

Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark” or “the Company”), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the Company has arranged a $425 million loan on behalf of Centerbridge Partners and Merit Hill Capital for the refinancing of a national portfolio of 78 self-storage properties (“the Portfolio”). Newmark Co-President of Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani and Director John Caraviello secured the financing from Citigroup and Goldman Sachs. The Portfolio totals nearly…