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
Developer refis 79,000 sq. ft. office building for $8.8 million, HFF says

The owner of an office building in Eatontown has refinanced the property for $8.8 million, in a transaction arranged by brokers with HFF.

Finance & Capital Markets
Wilcox touts $2.5 million loan for historic Morristown property

G.S. Wilcox & Co. has brokered $2.5 million in financing for a nearly 24,000-square-foot, mixed-use building in downtown Morristown.

Industrial
At SIOR event, developers urge brokers to broaden their horizons

As tenants adopt a more regional approach to industrial space, New Jersey brokers must do the same and expand their focus to the Lehigh Valley and other neighboring markets. Brokers now have an opportunity to provide their clients with additional options beyond the core submarkets of northern and central New Jersey, developers say, noting that many regional tenants have already grown comfortable with casting a wider net.

Market Sectors
Big-box industrial deals pile up in Q3

New Jersey industrial landlords have inked a flurry of big-box leases in recent months, Cushman & Wakefield said, driving nearly 9 million square feet of deal volume during the third quarter.

Finance & Capital Markets
Developer lands $258 million loan package for 1,161 units in three towns

A developer has secured nearly $260 million in financing for multifamily projects in Bayonne, Linden and Raritan, following a transaction arranged by Meridian Capital Group.

Retail
Tulfra acquires Cranford site, plans redevelopment

Tulfra Real Estate has acquired a defunct industrial property in Cranford that it now plans to redevelop as a QuickChek store.

Professional Services
Goldstein Group broker named executive VP

The Goldstein Group has promoted one of its longtime brokers to executive vice president.

Office
Gloucester County office building sold for $900,000, Markeim Chalmers says

A residential real estate company has acquired a 10,000-square-foot office building in Washington Township, according to real estate services firm Markeim Chalmers Inc.

Residential & Mixed Use
Value Cos. picked to manage recently sold, 100-unit Bridgewater complex

The new owner of a 100-unit rental community in Bridgewater has tapped Value Cos. to oversee leasing and management of the property.

Professional Services
Eastern Union announces new chief sales, operating officer

Eastern Union Funding has named a new chief sales and operating officer, tapping a 25-year veteran of the lending and investment sales sector to fill the position.