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.

Industrial
Greek teams with Hampshire, Principal for 281,000 sq. ft. warehouse project in Parsippany

A joint venture is set to break ground on more than 281,000 square feet of new industrial space in Parsippany, in a project that will revitalize another former office property in the township.

Retail
Wayfair coming to Princeton market with new 135,000 sq. ft. brick-and-mortar store

A new 135,000-square-foot Wayfair store is coming to the Princeton area, as the online home furnishings retailer continues to build its brick-and-mortar footprint across the country.

Finance & Capital Markets
Ania Management lands $38 million Benmark Capital loan to refi 203-unit Paterson portfolio

Benmark Capital has closed a $38 million loan to Ania Management to refinance a portfolio of more than 200 workforce housing units and commercial space in Paterson.

Food & Beverage
Doren Development bringing Bojangles to newly acquired Mount Holly restaurant site

Doren Development has acquired a drive-thru restaurant property in Mount Holly that’s now slated to become a new location for Bojangles, the Southern-style restaurant chain.

Technology
Startup focused on clean copper extraction takes 15,000 sq. ft. at Kenilworth’s NEST campus

Another startup is coming to the Northeast Science and Technology Center in Kenilworth, where it will lease 15,000 square feet of laboratory space to help bring its technology to market.

Finance & Capital Markets
Deugen inks $31 million loan with Axonic for office-to-industrial project in Parsippany

Deugen Development has landed nearly $31 million in financing to acquire and raze an aging office building in Parsippany that it plans to redevelop as a 340,000-square-foot warehouse.

Industrial
C&W: Investor grabs 32,000 sq. ft. South Plainfield industrial building for $3.8 million

The site of a nearly 32,000-square-foot former GE Healthcare facility in South Plainfield has traded for $3.8 million, brokers with Cushman & Wakefield announced Wednesday.

Retail
Convenience store coming to West Side Square as Jersey City project’s first retail tenant

The highly anticipated West Side Square project in Jersey City has its first retail tenant, securing a convenience store that will serve the property’s residents and those in the surrounding area.

Industrial
RRNNJ: Fairfield industrial building fully leased after deals with floral supplier, construction firm

The owner of a Fairfield industrial building has secured two new leases, filling more than 20,000 square feet in a set of deals arranged by Resource Realty of Northern New Jersey.

Industrial
Food manufacturer, distributor buys 6,000 sq. ft. Middlesex facility for $3.2 million, BRC says

A food production facility in Middlesex Borough has changed hands for $3.2 million, providing what brokers say is a turnkey commercial kitchen for its new owner.