Market Sectors

New Jersey has an unmatched location and a population that developers dream about. It’s no wonder the commercial real estate industry is flourishing and evolving across all segments of the market.

Office
Lindabury moves to New Providence in new headquarters focused on flexibility, collaboration

Lindabury has found a new home in Union County, unveiling a 17,000-square-foot headquarters in New Providence after more than 35 years in nearby Westfield.

Industrial
Devli Real Estate adds 37,000 sq. ft. industrial building in Leonia

Devli Real Estate has acquired a 37,000-square-foot industrial building in Leonia, expanding its presence in a supply-constrained submarket near the George Washington Bridge.

Retail
March Associates leases 2,000 sq. ft. in Wayne to boutique Pilates studio, RIPCO says

March Associates has welcomed a new tenant to a Wayne retail center, leasing 2,000 square feet to a specialty fitness brand under a deal arranged by RIPCO Real Estate.

Residential & Mixed Use
Kislak brokers $7.9 million sale of Pennsylvania tract slated for 420-unit senior housing project

A developer has acquired a nearly 67-acre parcel in Central Pennsylvania with plans in place to build 420 age-restricted homes, in a newly announced deal by The Kislak Co. Inc.

Retail
Deluccia: Longtime owner sells well-known STS property in Somerville for $1.6 million

A prominent commercial property along Route 202/206 in Somerville has traded for $1.6 million, according to a brokerage team with Deluccia Commercial Group.

Featured
Velocity, charter bus operator ink 48,000 sq. ft. deal at Lawrenceville industrial building

A charter bus company has secured 48,000 square feet of industrial space in Lawrence Township under a newly completed lease with Velocity Venture Partners.

Retail
Developers of massive mixed-use project in East Orange land $134 million recap

The team behind The Crossings at Brick Church Station in East Orange has closed on nearly $134 million in new financing and capital for the project, where leasing is underway for 400 apartments and new retail space adjacent to NJ Transit rail service.

Residential & Mixed Use
JLL lists 132-unit Fort Lee rental property for sale, touting ‘embedded upside potential’

The owner of a 132-unit luxury apartment building in Fort Lee is seeking a buyer for the property, in a newly announced listing by JLL’s Morristown-based capital markets group.

People
Rockefeller Group promotes Moore to CIO, Gadlin to CAO

Rockefeller Group has elevated two of its senior executives, promoting R. Stokes Moore to chief investment officer and Marisa Gadlin to chief administrative officer.

Finance & Capital Markets
C&W: Eastman inks $38 million recap, refi for 380,000 sq. ft. Livingston office complex

Eastman Cos. has refinanced and recapitalized The Eisenhower, its flagship office complex in Livingston, in a newly announced deal by Cushman & Wakefield.