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.

Residential & Mixed Use
Walters expands design team with three new hires

Walters Homes has hired three new employees within its custom architectural services division, in an effort to meet the demands of its residential pipeline.

Industrial
TIAA sells 617,000-square-foot Amazon distribution center for $147 million

An institutional investor has paid more than $147 million to acquire a 617,000-square-foot Amazon fulfillment center in Teterboro.

Office
Prism unveils plans for Ralph Lauren building in Nutley

Prism Capital Partners has detailed its plans for the Nutley office building that will become home to Ralph Lauren Corp., the latest tenant to commit to its 116-acre ON3 campus.

Professional Services
Brunelli announces hire for newly created tenant rep position

R.J. Brunelli & Co. LLC has brought on a retail industry veteran to fill a newly created position.

Finance & Capital Markets
Kennedy closes $2.75 million loan in Colombia, its latest abroad

An Englewood Cliffs-based lender has added to its international portfolio with the closing of a $2.75 million loan for a land acquisition in Colombia

Retail
LA Fitness takes 45,000 sq. ft. in Lodi, Goldstein Group says

LA Fitness is expanding its footprint in northern New Jersey with a new location in Lodi, following a 45,000-square-foot lease arranged by The Goldstein Group.

Finance & Capital Markets
KRE Group, National close on $210 million loan for Journal Squared

Kushner Real Estate Group and National Real Estate Advisors have landed $210 million in permanent financing for the first phase of Journal Squared, a sprawling redevelopment in Jersey City that will bring three new towers with more than 1,800 apartments.

Retail
Franklin retail center trades for $12.8 million

A private investor has acquired a Somerset County shopping center for nearly $13 million, in a transaction arranged by brokers with Marcus & Millichap.

Deals
Kushner Cos. expands Long Branch holdings with two new sites, Kislak says

Kushner Cos. has acquired two properties in Long Branch to complete an oceanfront corner assemblage alongside its Pier Village complex, brokers with The Kislak Co. Inc. said.

Finance & Capital Markets
HFF brokers another loan for South Jersey warehouse investor

HFF has arranged new financing for an investor’s purchase of a 112,000-square-foot industrial building in Mount Laurel.