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.

Finance & Capital Markets
Apartment owner lands $2.7 million loan for 43-unit North Plainfield complex, Cronheim says

The owner of a 43-unit garden apartment complex in North Plainfield has closed on $2.65 million in financing, according to a debt placement team with Cronheim Mortgage.

Retail
JLL: IVX Health adding six locations in New Jersey with 14,000 sq. ft. in new leases

A fast-growing network of infusion clinics is expanding in New Jersey with six newly signed retail leases throughout the state, in a series of deals arranged by JLL.

Office
Sanzari signs 2,600 sq. ft. renewal, expansion in Hackensack with criminal defense firm

A criminal defense law firm has signed a lease expansion at Alfred Sanzari Enterprises’ Court Plaza office complex in downtown Hackensack, the landlord announced Tuesday.

Residential & Mixed Use
Veris buys out Ironstate, consolidates ownership of Jersey City Urby in $39 million deal

Veris Residential Inc. is now the sole owner of a distinctive 762-unit apartment tower in Jersey City after acquiring Ironstate Holdings’ 15 percent stake in the building.

Retail
High-end 147,000 sq. ft. North Brunswick retail center on the market for sale, JLL says

The owner of The Shoppes at North Brunswick on Route 1 is seeking a buyer for the nearly 147,000-square-foot upscale retail property, brokers with JLL announced this week.

Professional Services
Mele, Ward help to bolster T&M Associates land development team

T&M Associates has strengthened its land development team in recent months with the addition of industry veterans Joseph Mele and Ryan Ward.

Industrial
Cannabis grower takes 95,000 sq. ft. at Mount Holly industrial building, Zimmel says

A cannabis cultivator has leased a 95,000-square-foot industrial building in Mount Holly, in a newly announced transaction by Zimmel Associates.

Residential & Mixed Use
Marcus: Investor buys six-unit Hudson County apartment building for $1.2 million

An investor has sold a six-unit apartment building in West New York for nearly $1.2 million, brokerage firm Marcus & Millichap announced Monday.

Residential & Mixed Use
Adoni sells new 39-unit Woodbridge apartment building for $14 million

Adoni Property Group has sold a new 39-unit luxury apartment building in Woodbridge for $14.3 million, in a deal arranged by Cushman & Wakefield.

Residential & Mixed Use
JLL: Buyer wanted for 54-unit Bridgewater apartment complex with upside

The owner of a 54-unit apartment complex in Bridgewater is seeking a buyer for the property, brokers with JLL said, touting it as a value-add opportunity in an affluent region.