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
Owner of Hampton Inn near Newark Airport refis with new senior loan, Cronheim says

The owner of a newly updated hotel near Newark Liberty International Airport has refinanced the property, in a deal arranged by Cronheim Hotel Capital.

Retail
Universal Lacrosse opens 3,200 sq. ft. shop at Larken’s Raritan Crossing property

A lacrosse shop has opened a new location in Raritan Borough, where it occupies more than 3,200 square feet under a lease with Larken Associates.

Office
WCRE: Private tenant takes 1,200 sq. ft. at Cherry Hill office building

The owner of a boutique office building in Cherry Hill has secured a new tenant for the property, according to a broker with Wolf Commercial Real Estate.

Professional Services
Alban Group names Smith as president, Gobel as project engineer

The Alban Group has named a new president, tapping Tammy Smith for the post in one of two promotions announced Thursday by the Newark-based construction firm.

Industrial
Environmental services firm leases new 10,000 sq. ft. facility in Somerset, Sheldon Gross says

An environmental services firm has leased a newly built, 10,000-square-foot commercial property in Franklin Township, according to a brokerage team with Sheldon Gross Realty.

Health Care
Sanzari: Hackensack Meridian Health adds 8,100 sq. ft. at Hackensack medical arts building

Alfred Sanzari Enterprises has leased more than 8,100 square feet in Hackensack to a division of Hackensack Meridian Health, bringing a well-known medical office building to full occupancy.

Food & Beverage
Advance, Episcope Hospitality partner to bring new upscale café and restaurant to Harrison

A new restaurant and café are coming to Harrison’s Riverbend District, the growing mixed-use neighborhood developed in recent years by Advance Realty Investors.

Office
Vantage Commercial: Investor buys, inks new lease at Gloucester County office building

A private investor has acquired a more than 13,000-square-foot office building in Gloucester County, in a newly announced deal by Vantage Commercial.

Office
JLL: Blackrock signs early renewal, extends for 176,000 sq. ft. at Princeton office space

Blackrock has signed a major lease extension at a Princeton-area office building, where it will maintain a footprint of 176,000 square feet under the new deal with Argent Ventures.

Residential & Mixed Use
Owner of 1,032-unit Plainsboro rental property seeking buyer for 52-acre complex

A massive garden apartment complex in Plainsboro is on the market for sale, according to brokers with JLL, with the potential to draw offers of more than $300 million.