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.

Finance & Capital Markets
‘Modera Lofts’ owner refis 366-unit property in Jersey City for $136 million, Cushman says

The owner of a loft-style luxury apartment building in downtown Jersey City has refinanced the property for $136 million, brokers with Cushman & Wakefield announced Thursday.

Industrial
Saddleback touts 97,000 sq. ft. in leasing in latest North Jersey industrial deals

Demand is strong across Saddleback Real Estate Developers’ northern New Jersey industrial portfolio, fueling some 97,000 square feet in leasing activity in a series of recent transactions.

Retail
Prism inks 3,500 sq. ft. lease with Panera to bring bakery café to ON3 campus

Panera Bread has joined the fast-growing retail lineup at ON3, with plans to open a drive-thru location in Clifton under a newly announced deal with Prism Capital Partners.

Industrial
Cervelli lists 30,000 sq. ft. Green Brook industrial building (with redevelopment potential)

The owner of a 30,000-square-foot industrial building in Somerset County has put the property on the market, in an offering by Cervelli Real Estate & Property Management.

Office
Deluccia: Nonprofit finds new home with 7,000 sq. ft. Green Brook office lease

A nonprofit has taken nearly 7,000 square feet at a Green Brook office building, according to a brokerage team with Deluccia Commercial Group.

Residential & Mixed Use
Panepinto debuts 605-unit Journal Square tower, with occupancy slated for late spring

Panepinto Properties has launched leasing at a new 605-unit luxury rental tower in Journal Square, the developer’s latest in a long line of high-profile projects in Jersey City.

Residential & Mixed Use
Kushner unveils ‘The Journal’ as leasing surges at long-awaited 1,723-unit project in Jersey City

Kushner has already hit a key leasing milestone at The Journal, a response that matches not only the scale of the property but the anticipation for its long-awaited arrival in Jersey City.

Industrial
CBRE: Morgan Stanley sells fully leased 450,000 sq. ft. warehouse at Exit 8A

Morgan Stanley has sold a more than 450,000-square-foot industrial building in Monroe Township, in a newly announced deal by CBRE.

Finance & Capital Markets
Greek scores $46 million bridge loan for new 287,000 sq. ft. Philly industrial building

Greek Real Estate Partners has closed on a $46 million bridge loan for more than 287,000 square feet of newly completed industrial space in Philadelphia, the firm announced this week.

Industrial
Trade association for electricians extends 5,000 sq. ft. lease in Somerset, Sheldon Gross says

A trade group has extended its lease for a key training facility in the Somerset section of Franklin, brokers with Sheldon Gross Realty announced Wednesday.