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.

Health Care & Education
Cresa: Regional Cancer Care Associates takes 10,000 sq. ft. to double footprint in Sparta

A major oncology practice is expanding with a new 10,000-square-foot lease in Sparta, brokers with Cresa’s New Jersey team announced recently.

Residential & Mixed Use
Kushner eyes early 2025 launch for long-awaited, 1,723-unit rental project in Journal Square

Apartments at a massive mixed-use project in Jersey City are now just months away from hitting the market, with preleasing for the 1,723-unit property set to begin early next year.

Industrial
Woodmont, Sagard lease 104,000 sq. ft. to 3PL firm at new-look South Brunswick warehouse

A joint venture has landed a tenant for a newly renovated warehouse in South Brunswick, leasing more than 104,000 square feet to a third-party logistics firm.

Finance & Capital Markets
G.S. Wilcox sources loans totaling $25 million for Clifton, Mount Holly retail landlord

The owner of two shopping centers in Clifton and Mount Holly has secured a combined $25 million in financing, in a set of recent loans arranged by G.S. Wilcox & Co.

Professional Services
Jones moves to Hudson Atlantic as multifamily sales associate

Hudson Atlantic has expanded its brokerage team with the addition of Amanda Jones as a multifamily sales associate, the Parsippany-based firm announced.

Retail
Investor adds 8,400 sq. ft. Moorestown daycare center in $5.4 million deal, Marcus says

A daycare center in Moorestown sold for some $5.4 million, brokers with Marcus & Millichap announced Tuesday.

Retail
Bennett Realty: Buyer wanted for 122,000 sq. ft. shopping center in Iselin

The owner of a 122,000-square-foot shopping center in Woodbridge has retained Bennett Realty & Development to sell the property, the Holmdel-based brokerage announced Tuesday.

Retail
Yoga studio takes 3,300 sq. ft. in downtown Summit in deal arranged by Sheldon Gross

A yoga studio has leased a 3,300-square-foot retail space in downtown Summit, Sheldon Gross Realty brokers announced last week.

Top News
Accordia 2.0: Inside the commercial real estate firm’s next chapter — and the story behind its new leadership team

Accordia is entering a new phase as a developer, investor and asset manager, with high-profile additions to its team, a revamped business plan and several major projects on the horizon.

Industrial
Trucking firm expands to 159,000 sq. ft. at Seagis-owned warehouse in Metuchen, BRC says

A trucking company has expanded to nearly 159,000 square feet at an industrial property in Metuchen, Bussel Realty Corp. announced in a news release Monday.