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
Zimmel moves headquarters after 27 years, taking new space in Edison’s Raritan Center

Zimmel Associates has found a new home in Edison’s Raritan Center after moving its headquarters for the first time in more than 25 years.

Retail
LMC: Planet Fitness inks leases for new Watchung, Middlesex locations

Planet Fitness is expanding in central New Jersey with newly signed leases in Watchung and Middlesex Borough, in a set of deals arranged by Levin Management Corp.

Office
International metals company signs 4,800 sq. ft. renewal at Sanzari’s Glenpointe campus

Alfred Sanzari Enterprises has signed a lease renewal at Glenpointe in Teaneck with a business in the precious metals industry, the landlord announced Wednesday.

Residential & Mixed Use
Hartz unveils 250-unit luxury rental project as part of Cranford redevelopment

Hartz Mountain Industries has taken the wraps off a new 250-unit luxury apartment property in Cranford, where it expects to welcome its first residents as soon as early next year.

Residential & Mixed Use
Matthews: Loft-style, 35-unit rental building in Jersey City trades for nearly $13 million

A multifamily property in Jersey City that was converted from a vacant warehouse has sold for $12.65 million, brokers with Matthews Real Estate Investment Services announced Tuesday.

Industrial
Crow Holdings inks full-building, 147,000 sq. ft. lease for new Philly industrial project

Crow Holdings Development has found a tenant for a new 147,000-square-foot industrial project in Philadelphia, inking a full-building lease with a global supply chain firm.

Finance & Capital Markets
Tulfra closes on Fulton Bank construction loan for 795-unit Jersey City self-storage project

Tulfra Real Estate has secured construction financing for a planned 795-unit self-storage facility in Jersey City, the first of three phases for a project near Liberty State Park.

Industrial
Wise Foods takes 61,000 sq. ft. in Totowa industrial deal, Lee & Associates – WBE says

A food business has leased a 61,000-square-foot industrial site in Totowa to expand its North Jersey footprint, brokers with Lee & Associates – WBE announced Tuesday.

Industrial
Newmark: Ares provides $135 million loan for East Hanover cold storage, warehouse project

The developers of some 584,000 square feet of new cold storage and industrial space in East Hanover have secured a $135 million construction loan, brokers with Newmark said Tuesday.

Office
JLL: Princeton University acquires 158,000 sq. ft. West Windsor office building for $33 million

Princeton University has gone from tenant to landlord in West Windsor after acquiring a more than 158,000-square-foot office building off Route 1, in a newly announced deal by JLL.