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
RCS, Lamar Cos. buy 368,000 sq. ft. Jersey City office building in deal brokered by C&W

30 Montgomery St. in Jersey City — Courtesy: Real Capital Solutions/Lamar Cos. By Joshua Burd A joint venture has planted a flag in Jersey City with its acquisition of a well-known 16-story office building in the waterfront Exchange Place district.…

Industrial
Velocity, sustainable packaging firm ink 155,000 sq. ft. deal to fill historic Pennsauken building

Velocity Venture Partners has all but leased up a major industrial building in Pennsauken after securing a 155,000-square-foot deal with a maker of sustainable shipping products.

Education
NJIT opens 25,000 sq. ft. translational research center at NEST campus in Kenilworth

New Jersey Institute of Technology has officially launched a new research hub at the Northeast Science and Technology Center in Kenilworth, where it’s leasing 25,000 square feet from a joint venture that’s repositioning the former Merck & Co. campus.

Deals
Vantage: Investors scoop up Collingswood medical office building, eyeing redevelopment

Local investors have acquired a commercial property in Collingswood with plans to redevelop the site, leveraging the borough’s well-known downtown and its access to mass transit.

Retail
Zoltek lists 2.2-acre leasing opportunity for retailers on Route 31 in Warren County

The owner of some two acres along Route 31 in Warren County has tapped Zoltek Commercial Real Estate Services to secure a user for the highly visible and highly trafficked parcel.

Finance & Capital Markets
Kennedy Funding closes $4.4 million land loan for 39-acre residential project in Texas

The owner of a nearly 39-acre residential site outside Austin, Texas, has closed on $4.4 million in financing from Kennedy Funding, the Englewood-based direct private lender.

Office
Jersey Mike’s leases 70,000 sq. ft. in major office deal at Bell Works Fort Monmouth

With an initial public offering in the works, Jersey Mike’s Subs has found new office space at the historic Fort Monmouth property thanks to a lease with Inspired by Somerset Development.

People
SJP Properties adds Welch, former C&W analyst, as investment associate

Peter Welch By Joshua Burd SJP Properties has welcomed Peter Welch as an investment associate, adding to the team focused on acquiring and developing high-end office, residential and mixed-use properties across New York, New Jersey and select Southeast markets. The…

Residential & Mixed Use
Hudson Atlantic closes sale of 59-unit senior affordable housing building in Bayonne

A private buyer has closed on a 59-unit senior affordable housing property at the south end of Bayonne, according to a listing team with Hudson Atlantic Realty.

Industrial
Schmidt Baking takes 20,000 sq. ft. in Newark industrial deal with Seagis, Blau & Berg says

Seagis Property Group has secured a new tenant in Newark, leasing nearly 20,000 square feet of industrial space to a division of America’s largest family-owned variety baker.