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
Crow Holdings inks 156,000 sq. ft. industrial lease in Burlington with GMB North America

Crow Holdings Development has filled more than half of a new industrial building in Burlington, leasing 156,000 square feet to a subsidiary of global auto parts manufacturer GMB.

Industrial
Greek enters Florida, buying 100,000 sq. ft. industrial building near Tampa for $23 million

Greek Real Estate Partners has expanded to Florida with its acquisition of a 100,000-square-foot industrial building outside Tampa, the company announced Thursday.

Retail
Galloway shopping center fills 2,700 sq. ft. with two new leases, Vantage Commercial says

Two new tenants are coming to an Atlantic County retail center after a pair of leases totaling more than 2,700 square feet, brokers with Vantage Commercial announced Thursday.

Government & Public Policy
Plan to replace Newark Bay Bridge moves ahead after environmental review by Coast Guard

The U.S. Coast Guard has signed off on the first piece of a plan to rebuild the Newark Bay-Hudson County Extension, supporting the findings of an environmental review by the New Jersey Turnpike Authority and issuing a key permit to help the $6 billion project proceed.

Government & Public Policy
Coming together: Real estate, environmental leaders see continued partnership as New Jersey’s landmark community solar program expands

State regulators have renewed their support for a landmark program that has created not only new revenue streams for warehouse owners and solar developers, but a source of common ground for the business and environmental communities.

Health Care
BGO, Anchor Health buy 41,000 sq. ft. Montclair medical office building for $17.9 million

A joint venture has acquired a nearly 41,000-square-foot medical office building and an adjacent parking garage in downtown Montclair for $17.9 million, in a deal arranged by CBRE.

Industrial
Seasoned broker Wernick joins Branch Industrial as senior director

Boutique real estate advisory firm Branch Industrial has expanded its team with the addition of Jeremy Wernick as a senior director.

Finance & Capital Markets
JLL inks $50 million financing deal for Burlington County rental property

The owner of a 275-unit multifamily property in the Burlington County township of Westampton has snagged $50 million in financing, in a newly announced deal by JLL.

Deals
Basking Ridge office leases among latest Chilmark deals in northern, central New Jersey

The owner of a nearly 116,000-square-foot office campus in Somerset County has inked four leases as part of a string of recent transactions by Chilmark Real Estate Services.

Retail
Stretching, athletic recovery facility takes 1,400 sq. ft. in Bridgewater, BRC says

A health and wellness concept is expanding with a newly signed lease at a Bridgewater shopping center, brokers with Bussel Realty Corp. announced Wednesday.