Chatham NJ

BNE Real Estate Group secured a $103 million loan from Northwestern Mutual to refinance a new 245-unit luxury rental property at 2 River Road in Chatham, New Jersey. The six-story development, which opened for leasing in December, has leased nearly 65% of its units, targeting empty nesters and young professionals. The project, on formerly industrial land, benefited from a special overlay district created by the borough council. Designed by Minno & Wasko Architects, the property offers one- to three-bedroom units with amenities like a pet spa and 24/7 concierge, with rents ranging from $3,195 to $5,900.