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.

Residential & Mixed Use
LJS breaks ground on fully affordable Randolph rental project with special needs housing

Construction is underway in Randolph for what will be a fully affordable, 25-unit rental community designed for families and individuals with special needs.

Finance & Capital Markets
CBRE: Accordia closes on $31 million construction loan for West Caldwell rental project

Accordia has landed a nearly $31 million construction loan for a planned 92-unit luxury apartment building in West Caldwell, in a newly announced deal by CBRE.

Industrial
LEG leases 44,000 sq. ft. in Rockland to national fire protection products maker, distributor

Lincoln Equities Group has filled 44,000 square feet of new industrial space in New York’s Rockland County, securing a lease with a national fire protection company.

Events
Bell Works Holmdel to host annual career day on May 15

The popular Bell Works career day is returning to the landmark campus in Holmdel, one of the state’s largest concentrations of businesses and community gathering spaces.

Residential & Mixed Use
Sharbell unveils 150-unit Robbinsville condo project for families, seniors

Sharbell Development Corp. has debuted a collection of 150 condominiums in Robbinsville that combines market-rate homes with a separate 55-and-over section within a single development.

Residential & Mixed Use
Florio, ANIA Management tap Kislak to sell 85 multifamily properties in Paterson

One of Paterson’s most prolific developers is looking to sell an expansive multifamily portfolio, having retained The Kislak Co. Inc. to find a buyer for the 85 properties.

Featured
Advance launches Bridgewater innovation campus with up to 1.1 million sq. ft. of ‘purpose-built’ R&D, advanced manufacturing space

Advance Realty Investors has unveiled plans to build up to 1.1 million square feet of new life science and advanced manufacturing space in Bridgewater, part of a campus that will have shared amenities to create what it’s touting as a cohesive, end-to-end ecosystem.

Finance & Capital Markets
JLL sources acquisition loans totaling $71 million for Bergen County, Southeast retail portfolio

Medipower Group has scored a combined $71.3 million in acquisition financing for a Bergen County shopping center and six retail properties in the Southeast.

Retail
RIPCO: Costello’s Ace Hardware opens new flagship New Jersey store in Cedar Knolls

A new Ace Hardware has arrived in the Cedar Knolls section of Hanover, occupying 23,000 square feet along Ridgedale Avenue under a lease secured by RIPCO Real Estate.

Office
AY: Verdantas takes 11,000 sq. ft. in Bridgewater to combine three Somerset County offices

Environmental consulting firm Verdantas has found a new home in Central Jersey after leasing nearly 11,000 square feet of office space in Bridgewater.