October 2025

M id A tlantic Real Estate Journal — New Jersey — October 2025 — 19A

www.marej.com

N ew J ersey

Community-first cannabis brand to build 3,500 s/f dispensary, opening late 2025 Pink Balloon and REDCOM break ground on new dispensary in Neptune, NJ

where everyone feels com- fortable—whether you’re just starting to explore cannabis or you’ve been part of the culture for years. Accessibility and community are at the heart of what we do,” said Teri Festa, co-founder of Pink Balloon. “This project is about more than a building—it’s about investing in Neptune’s future, creating jobs, and building a space that will serve and up- lift the community for years to come,” added Mike Aquino, co-founder of Pink Balloon. “We are honored that Teri and Mike put their faith in

REDCOM to construct this dis- pensary and are excited to apply our expertise to this challeng- ing project,” said Joe Lane , account executive at REDCOM Design & Construction. Project Highlights - 3,500 s/f, two-story build- ing with high-end finishes - Three-stop ADA lift - Partial demolition and new construction - Project partners include Brick City Reconstruction (Architect), KMB Design Group (MEP), Nelson Engi - neering (Civil) and Vanessa Deleon Design Group . MAREJ

EPTUNE, NJ — Pink Balloon and REDCOM Design

& Construction celebrated the groundbreaking of Pink Balloon’s new dispensary in Neptune. The project, which in- cludes partial demolition of the existing structure, will deliver a modern, two-story ~3,500 s/f fa- cility with completion targeted for late 2025. Dignitaries and attendees included Neptune Town - ship Mayor Robert Lane , New Jersey State Sena - tor Vin Gopal (Majority Whip, District 11), members of the Neptune Township Committee, and Pink Balloon co-founders Teri Festa and Mike Aquino . “Pink Balloon is about creat - ing a space that feels welcom- ing for everyone—whether your canna-curious or a canna-seur. Our mission is to build a place Tulfra Real Estate unveils 797-unit Jersey City self- storage building Shown from left: Elya Golubitsky, Tulfra; Denise Ridley, Jersey City Councilwoman; Mayor Steven Fulop, Jersey City; Sonny Ju- mani, Tulfra; Samantha Winslow, and Lucas Grunberger, Tulfra. JERSEY CITY, NJ — Tul- fra Real Estate announced the grand opening of Jersey City Self Storage located at 300 Thomas McGovern Dr. in Jersey City. The ribbon-cutting marked the completion of the first phase of the Jersey City Self Storage facility, housing 797 modern, climate-controlled storage units and delivering 115,000 s/f of space. When fully built-out in three phases, the project will total 260,000 s/f, establishing Jersey City Self Storage as one of the pre- mier self-storage destinations in the region. Representatives from Fulton Bank, JLL Capital Markets, Mayor Steven Fulop, and com- munity partners celebrated the opening. MAREJ

Shown from left: Agustin Melendez, Brick City Reconstruction; An- drew Roth, Pink Balloon; Jason Jones, Neptune Twp. Committeeman; Mike Aquino, Pink Balloon; Derel Stroud, Neptune Twp. Committee- man; Tamara Rodriguez, REDCOM; Teri Festa, Pink Balloon; Mayor Robert Lane, Neptune Twp.; Sean Feeney, Joe Lane, and Dale Hull of REDCOM.

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199 Pomeroy Rd, Parsippany, NJ 85,200 SF | 0% Occupancy

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