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.

Office

Church renews 6,200 sq. ft. lease at Key Properties building in Englewood

A church has renewed the lease at its longtime home in Englewood, where it occupies more than two-thirds of a 9,000-square-foot building owned by Key Properties.

Industrial

Bridge details blockbuster industrial sale to Duke Realty

Bridge Development Partners has reaped more than $500 million from the sale of a 3.4 million-square-foot industrial portfolio, including more than 2 million square of space in New Jersey.

Residential & Mixed Use

HFF: Investors acquire AvalonBay community in Mercer County

AvalonBay Communities Inc. has sold a 312-unit apartment complex in Lawrenceville for nearly $90 million, marking the developer’s second sale of a New Jersey property in recent weeks.

Retail

Pilates chain set to continue rapid expansion in N.J., Ripco says

A fast-growing Pilates chain has added roughly 20 locations in New Jersey in the past two years, with plans to add at least another 10 in the state as part a continued nationwide expansion.

Office

Pharma firm inks 37,000 sq. ft. HQ lease in Saddle Brook

A pharmaceuticals firm has taken a full floor at a Saddle Brook office building as part of a relocation of its global headquarters, according to brokers involved with the deal.

Industrial

Zimmel touts more than 63,000 sq. ft. in northern, central N.J. deals

A global logistics and shipping company has leased a 20,000-square-foot warehouse in Carteret, in one of six recent transactions announced this week by Zimmel Associates.

Event Coverage

NAIOP honors leaders in advocacy, industry service at annual awards dinner

On the eve of Election Day, the state’s top commercial real estate association took a night to highlight some of it recent legislative triumphs — and the members behind those victories.

Residential & Mixed Use

Linden rental property sells for $8.15 million, Kislak says

The developer of a 48-unit apartment building in Linden has sold the property for more than $8 million, in a transaction brokered by The Kislak Co. Inc.

Finance & Capital Markets

HFF brokers $17.4 million acquisition loan for Toms River retail center

A joint venture has closed on a Toms River shopping center with the help of $17.4 million in acquisition financing from an area bank, brokerage firm HFF said Monday.