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.

Office
Accordia inks 7,000 sq. ft. renewal at Fairfield office building, in one of three new deals by firm

Accordia has announced three new office deals in the region, including a nearly 7,000-square-foot lease renewal at its Greenbrook Executive Center in Fairfield.

Industrial
Investors buy South Plainfield industrial outdoor storage site for $33 million, NAI Hanson says

An investment group has acquired a nearly nine-acre industrial outdoor storage site in South Plainfield for $33.25 million, in a newly announced deal by NAI James E. Hanson.

Finance & Capital Markets
Buyer of 77-unit Somerset rental property lands $18 million bridge loan from NewPoint

NewPoint Real Estate Capital has provided $17.75 million in bridge financing to the buyer of a new 77-unit multifamily property in the Somerset section of Franklin Township.

Retail
Retail properties in Paramus, Wayne change hands in latest deals by The Goldstein Group

A business owner has acquired a nearly 17,000-square-foot retail building in Paramus, in one of two newly announced deals by The Goldstein Group.

Deals
Newmark Associates: New Testament Ministries buys 23,000 sq. ft. Somerset County facility

A new congregation is coming to a 23,000-square-foot facility in Bernards Township after a sale involving two faith-based organizations, brokers with Newmark Associates CRE said.

Industrial
SL Industrial Partners adds 17-building, 925,000 sq. ft. portfolio outside Chicago

SL Industrial Partners has more than doubled its footprint in the Chicago area after buying more than 925,000 square feet of industrial flex space across three business parks.

Office
Onyx, Porzio Bromberg ink 43,000 sq. ft. lease as Parsippany campus adds another law firm

Onyx Equities has lured another law firm to The Arbors @ Parsippany office campus, leasing more than 43,000 square feet to a practice that has spent nearly 65 years in the Morristown area.

Residential & Mixed Use
LCOR breaks ground on 386-unit rental tower for sweeping ‘Hoboken Connect’ project

Construction is underway on the new 386-unit apartment tower that will mark a key private-sector component of a landmark, mixed-use project around Hoboken Terminal.

People
Levine joins Gottesman Real Estate Partners as vice president

Gottesman Real Estate Partners has hired Zachary Levine as vice president, bolstering the team overseeing its portfolio across New York, New Jersey, Connecticut and North Carolina.

Finance & Capital Markets
Cronheim sources $5.9 million refi for 90,000 sq. ft. New Providence flex building

The owner of nearly 90,000 square feet of industrial flex space in New Providence has refinanced the property for $5.85 million, in a deal arranged by Cronheim Mortgage.