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.

Industrial
Resource Realty: Turf products supplier inks 21,000 sq. ft. renewal in Fairfield

A supplier of turf products has renewed its lease for more than 21,000 square feet of warehouse space in Fairfield, in one of three new deals by Resource Realty of Northern New Jersey.

Industrial
RealCold joins Russo, Onyx to kick off 380,000 sq. ft. cold storage project in East Hanover

Construction is set to begin for a new 380,000-square-foot cold storage facility in East Hanover, in a project that’s bringing new life to a piece of the iconic Novartis Corp. campus on Route 10.

Industrial
Wharton plans modern industrial space in Cherry Hill after buying 43,000 sq. ft. call center

Wharton Industrial has acquired a nearly 43,000-square-foot facility in Cherry Hill that it now plans to update and reintroduce as a modernized warehouse space.

Industrial
IPRG: Specialty foods company sells Paterson cold storage complex for $3.9 million

A private investor has acquired a nearly 26,000-square-foot cold storage and warehouse complex in Paterson for $3.9 million, in a newly announced deal by IPRG.

Office
Sanzari leases 5,200 sq. ft. in Hasbrouck Heights for new Hornrock office space

Hornrock Properties has found new office space in Hasbrouck Heights after signing a lease at Alfred Sanzari Enterprises’ Heights Plaza property.

Health Care & Education
Atkins completes makeover of 77,000 sq. ft. medical office building in Gloucester County

Atkins Cos. has completed a highly touted, multimillion-dollar update of a 77,000-square-foot medical office building near a major hospital in Washington Township.

Hospitality & Tourism
Connell breaks ground on 60,000 sq. ft. dining, entertainment building at The Park in Berkeley Heights (SLIDESHOW)

The Connell Co. has started construction on a 60,000-square-foot entertainment building that will serve as a focal point of its redeveloped business campus in Berkeley Heights.

Finance & Capital Markets
KRE lands $175 million loan from Kennedy Wilson for new 595-unit Journal Square tower

Kushner Real Estate Group has secured a $175 million senior construction loan for a new 595-unit luxury apartment tower in Journal Square, its latest in the booming Jersey City district.

Industrial
M&M unveils two-building, 360,000 sq. ft. warehouse project in Piscataway, C&W says

M&M Realty Partners has delivered nearly 360,000 square feet of new industrial space in Piscataway that it’s now marketing alongside brokers with Cushman & Wakefield.

Industrial
Ridgecut Road acquires 2.5-acre industrial outdoor storage property in Union

Ridgecut Road has added to its industrial outdoor storage portfolio in New Jersey with a recent closing in Union Township, in a deal arranged by brokers with JLL.