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
Tulfra secures $11.7 million loan for warehouse, self-storage project in West Caldwell

Tulfra Real Estate has landed $11.7 million in financing for a repurposed industrial property in West Caldwell, where it recently inked a long-term, 68,000-square-foot lease and is now building a 760-unit self-storage facility.

Retail
Growing thrift chain takes 40,000 sq. ft. in Union, LMC says

A regional thrift chain is expanding its footprint in New Jersey with a newly signed, 40,000-square-foot lease announced Thursday by Levin Management Corp.

Office
Denholtz, home care provider sign 8,000 sq. ft. lease in Hamilton

A home care provider has leased more than 8,000 square feet at a Hamilton office building, bringing the property to full occupancy less than a year after it changed hands.

Health Care & Education
Atlantic City plans ‘eds and meds’ expansion with $38 million medical arts complex

A regional health care network is planning a $38 million, 65,000-square-foot medical arts complex in Atlantic City, in one of the latest new developments in the iconic resort town.

Residential & Mixed Use
Developer unveils new 74-unit rental project in Lakewood

TFE Properties has completed the first piece of a new apartment community in Lakewood, a 74-unit complex located between Route 9 and the Garden State Parkway.

Finance & Capital Markets
Amboy Bank, B-360 ink $33 million construction loan for East Orange project

Amboy Bank has closed on a $33 million construction loan for the developer of an 18-story luxury residential building in East Orange, the latest partnership between the two entities.

Government & Public Policy
Newark plans search for new economic, housing director with Palmieri set to retire

Newark’s top official for economic and housing development is stepping down next week after a little more than a year on the job.

Retail
Wayne retail center at full occupancy after deal with gymnastics school, CBRE says

A children’s gymnastics business has leased 2,650 square feet at a Wayne shopping center, bringing the 30,000-square-foot property to full occupancy.

Office
JLL: Wealth management, payroll firms take space at Cherry Hill office park

A newly upgraded, three-building office park in Cherry Hill is nearly full after two recent leases totaling nearly 45,000 square feet, brokers with JLL announced this week.

Retail
Vantage RES inks 34,000 sq. ft. retail sale in Burlington

Two owners have sold more than 34,000 square feet of retail space near Route 130 in Burlington, under a transaction arranged by Vantage Real Estate Services.