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.

Retail
Azarian: Bolivian bakery to open first storefront with new lease in Livingston

A specialty bakery has leased more than 900 square feet at the busy Livingston Town Center along Route 10, in a newly announced deal by Azarian Realty Co.

Industrial
LEG nears completion of new 420,000 sq. ft. logistics center in Hamilton

More than 420,000 square feet of new high-end industrial space is taking shape in Hamilton, bringing new life to a site that’s just off Interstate 295 and minutes from NJ Transit rail service.

Office
Hilton Realty buys two-building, 268,000 sq. ft. portfolio in Princeton South Corporate Center

Hilton Realty has expanded its holdings in the Princeton area after acquiring a nearly 268,000-square-foot office complex in Ewing, brokers with JLL announced Wednesday.

Industrial
Outsized impact: New Jersey warehouses support 1.35 million jobs, $113 billion in personal income, study finds

Warehouses and distribution centers in New Jersey are home to more than 760,000 on-site employees and support more than 1.35 million jobs overall, according to a newly released report, highlighting the vital role that the facilities play in the state’s economy.

Industrial
C&W: Alexander Properties sells Mahwah, Fairfield industrial portfolio to Faropoint

Alexander Properties has sold a nearly 124,000-square-foot industrial portfolio in northern New Jersey to Faropoint, the fast-growing real estate investment manager based in Hoboken.

Professional Services
Violet PR welcomes Johnson as account director to lead U.S. campaigns

Violet PR has bolstered its Montclair-based team with the addition of veteran strategist Dan Johnson as an account director.

Education
Marcus: Investor buys net-leased Montessori school site in Bergen County for $7.4 million

The site of a new 10,000-square-foot early education center in Bergen County has traded for $7.35 million, according to a listing team with Marcus & Millichap.

Finance & Capital Markets
JLL: Bridge Industrial snags $27 million bridge loan for new Piscataway warehouse

Bridge Industrial has secured $27.1 million in bridge financing for a nearly 148,000-square-foot warehouse in Piscataway, in a newly announced deal by JLL.

Residential & Mixed Use
Investor buys 63-unit Bloomfield apartment building for $11 million, Kislak says

A longtime owner has sold a historic 63-unit apartment building in Bloomfield for nearly $11 million, brokers with The Kislak Co. Inc. announced Tuesday.

Residential & Mixed Use
PEEK expands third-party construction group with Charles, Gartner in leadership roles

PEEK Properties has fortified its third-party development platform for multifamily projects with the additions of industry veterans Nick Charles and Luis Gartner.