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
Deugen flips Cranbury IOS site after securing key entitlements for 16-acre property

Deugen Investment Group has sold a 16.1-acre industrial outdoor storage property in Cranbury, inking the deal less than a year after acquiring it with an eye toward enhancing the site’s zoning.

Residential & Mixed Use
Kaplan marks 65 years of community-building in Sayreville, debuts 142-unit rental project

Kaplan Cos. has unveiled a 142-unit rental community in Sayreville, a milestone with a dual meaning as the firm celebrates 65 years of building in the Middlesex County borough.

Industrial
GSA sets Aug. 4 auction for 810,000 sq. ft. industrial complex in Somerville

The federal government is gearing up to sell more than 800,000 square feet of industrial space in Somerville as part of an upcoming auction by the U.S. General Services Administration.

Community
Morris County Chamber presents Newmark CRE with Community Service Award

The Morris County Chamber of Commerce has honored Newmark Associates CRE with its Community Service Award, highlighting its commitment to the region during nearly four decades in business.

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.