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
Leasing underway at new Cherry Hill apartment complex

A joint venture has unveiled a new 152-unit apartment complex in Cherry Hill, touting a project with larger unit sizes than those found in competing developments.

Office
Denholtz: Upgrades yield leases at Somerset County office building

Denholtz Associates is touting nearly 17,000 square feet in leasing activity at a Bernardsville office building, where it recently completed $500,000 in upgrades.

Office
Lotus project banks on Newark’s rising profile, intrigue of timber construction

Lotus Equity Group hopes to tap into the intrigue of a mass timber office building as it markets plans for Riverfront Square, a sweeping mixed-use project at the site of the former Newark Bears stadium. The developer and its marketing team, led by brokers with Cushman & Wakefield, are also banking on the rising interest in Newark as a destination for new office users, following recent high-profile deals and the city’s selection as a finalist for Amazon’s second headquarters.

Residential & Mixed Use
Building a legacy: Panepinto, a pillar in Jersey City’s redevelopment, has much more to come

Panepinto Properties has had ties to virtually every major project in Jersey City since its founding in the late 1970s — and that involvement is poised to continue through new development downtown and in the resurgent Journal Square neighborhood.

Retail
Stro acquires former home of iconic party supplies store on Route 17

The Stro Cos. has acquired a well-known but vacant retail property in Lodi, with plans to renovate and reposition the local landmark to attract new tenants.

Finance & Capital Markets
Wilcox inks $25.5 million loan for Bucks County luxury apartments

G.S. Wilcox & Co. has secured $25.5 million in financing for a recently built, 151-unit luxury apartment complex about 20 miles west of Trenton.

Residential & Mixed Use
Association picks Maplewood rental project as 2018 community of the year

The Metropolitan Builders & Contractors Association of New Jersey has recognized a boutique residential and retail property in Maplewood as its mixed-use community of the year, developer JMF Properties said Monday.

Government & Public Policy
Lizura leaving EDA next month

Tim Lizura, the Economic Development Authority’s president and chief operating officer since 2012, is stepping down from the influential state organization next month.

Editor’s Note
Editor’s note: Mastering the middle

Even before I started covering commercial real estate full-time, I still came across development stories during my earlier days as a metro reporter in Central Jersey. One of those stories came when I was covering Bound Brook, a borough in Somerset County that had a tired downtown and a history of being battered by flooding from the Raritan River. But in early 2011, we learned that a developer named George Capodagli was interested in building the type of new apartments that were starting to crop up elsewhere in the state.

Industrial
Bridge details 1.7 million sq. ft. industrial project in Somerset, efforts to restock N.J. pipeline

Bridge Development Partners is planning a three-building, 1.7 million-square-foot industrial complex in Somerset County after acquiring parcels from two separate sellers, part of an effort to refill its pipeline in New Jersey after a blockbuster portfolio sale last year.