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
Colliers: Tenant recommits to Bergen County industrial space

A logistics firm has renewed its 74,368-square-foot lease at a Teterboro industrial building, according to brokers with Colliers International Group.

Government & Public Policy
EDA marks launch of street-level business incentives in five cities

State officials have formally rolled out two funding programs meant to spur investment in street-level retail space in five cities: Trenton, Paterson, Passaic, Camden and Atlantic City.

Retail
Middletown shopping center welcomes ‘old world’ Italian market

An Italian market has rolled out its third location in New Jersey with the opening of a new 15,000-square-foot store in Middletown, according to brokers involved in the deal.

Office
NAI Hanson: Design firm moving headquarters in Summit

An architectural firm is relocating within Summit to nearly 2,400 square feet of sublease space, following a deal arranged by NAI James E. Hanson.

Finance & Capital Markets
Retail owner refinances for $19.75 million, Eastern Union says

Eastern Union Funding has arranged a nearly $20 million loan for a client to refinance a 106,000-square-foot shopping center in Jackson, the firm said Tuesday.

Event Coverage
Panel: Redevelopment coming in all shapes and sizes in Bergen County

From downtown Fort Lee to the idyllic suburbs of Montvale and Park Ridge, Bergen County has become a focal point for New Jersey’s evolving commercial real estate landscape. Many of those changes were on display during a recent conference known as the New Jersey Gold Coast North and Bergen County CRE Summit.

Industrial
Newmark brokers six-building, $34 million industrial sale

A landlord has sold a six-building industrial portfolio in Morris County for $34 million, according to executives with Newmark Associates.

Residential & Mixed Use
HFF brokers sale of Newark apartment towers

A private equity firm has sold two 15-story apartment towers about 10 minutes outside downtown Newark, according to brokers with HFF who orchestrated the transaction.

Health Care & Education
Health care investor makes first New Jersey acquisition in Hackensack

A medical office investor has made its entrance to New Jersey, acquiring a 62,000-square-foot building less than a mile from Hackensack University Medical Center.

Office
WCRE: Nonprofit acquires new headquarters building in Voorhees

A nonprofit agency has acquired a 21,654-square-foot office building in Voorhees that will serve as its new headquarters, Wolf Commercial Real Estate announced.