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.

Deals
Office, industrial leases in Central Jersey among latest deals by Boniakowski

A financial services firm has leased 1,600 square feet of office space in Branchburg, in one of three newly announced deals by The Boniakowski Commercial Real Estate Group.

Office
Signature: Deals with Lindabury, Regus among 184,000 sq. ft. in Q1 leasing activity

Signature Acquisitions has secured three new tenants at a New Providence office building, including law firm Lindabury, McCormick, Estabrook & Cooper PC, announcing the deals as part of 184,000 square feet of first-quarter leasing activity across its portfolio.

Events
Creative connections: Real estate, design experts discuss the intersection of art and health in commercial spaces

From left: Andrea Hsu of NK Architects, Jennifer Ellis-Rosa of Gensler, Shuli Sadé of Sadé Studio and Shane Connell of the Connell Co. took part in a Feb. 27 panel discussion hosted by Morris Arts. — All images courtesy: Morris Arts

Government & Public Policy
Weehawken parcel sold to Amtrak for $60 million after eminent domain settlement

Amtrak has taken control of a key parcel near the Hudson River waterfront in Weehawken, having acquired it for $60 million after an eminent domain settlement negotiated by Carlin, Ward, Ash & Heiart LLC and Winne Banta Basralian & Kahn PC.

Professional Services
Connell Foley real estate attorneys among newest partners at Roseland-based firm

Connell Foley LLP has elevated real estate attorneys Thomas Leane, Melissa Lopez and Robert Verdibello to partner as part of a new round of promotions at the Roseland-based firm.

Industrial
NAI Mertz: Tenants lease 30,000 sq. ft. to bring Cherry Hill industrial park to full occupancy

Velocity Venture Partners has leased up a Cherry Hill industrial campus after four new deals totaling roughly 30,000 square feet, brokers with NAI Mertz announced this week.

Retail
LMC: E-tailer Williamspace Furniture takes 4,400 sq. ft. in Hamilton for first physical store

Ecommerce brand Williamspace Furniture is opening its first brick-and-mortar location with a new lease at a Hamilton shopping center, in a deal secured by Levin Management Corp.

Finance & Capital Markets
Lightstone, Friber Group close on $24 million loan for 91-unit East Orange rental project

Lightstone Capital has provided a $24 million loan to the developer of a newly built, 91-unit apartment building in East Orange.

Events
JLL’s Kossar to headline United Way Legacy Event, with six projects vying for Impact Awards

United Way of Northern New Jersey will honor JLL’s Rob Kossar next month at an annual fundraiser that draws hundreds of commercial real estate industry leaders, where the organization will also celebrate top projects in multiple asset classes.

Industrial
Prologis buys 1.1 million sq. ft. industrial portfolio at Exit 8A in reported $197 million deal

Prologis Inc. has added more than 1 million square feet in the region with its acquisition of two industrial properties in Monroe Township, in a deal arranged by Cushman & Wakefield.