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.

Retail
LMC: Lease brings new McDonald’s to Middlesex

A newly built, 3,500-square-foot McDonald’s has opened its doors in the borough of Middlesex, following a lease arranged by brokers with Levin Management Corp.

Office
Colliers: Fast-growing solar company expands in Metuchen

A solar company has expanded its footprint in Metuchen by committing to an additional 18,000 square feet, in a deal arranged by brokers with Colliers International.

Government & Public Policy
Demolition expected to spur redevelopment of 36-acre Fort Monmouth site

State officials have paved the way for the demolition of a 750,000-square-foot former research complex at Fort Monmouth, allowing them to market a larger 36-acre site on the property to prospective developers.

Retail
HFF brokers $21 million sale of Toms River shopping center

Investors have acquired a 120,349-square-foot community shopping center in Toms River, in a $21.1 million deal arranged by brokers with HFF.

Finance & Capital Markets
Case launches small loan program for projects nearing stabilization

Case Real Estate Capital LLC, a commercial real estate investment and financing firm, has launched a new program to provide lower-interest loans for properties that are close to stabilization.

Residential & Mixed Use
Developer, arts organization ink lease at new Montclair rental project

An arts organization will occupy the ground floor of a new apartment building in downtown Montclair, as its developer nears the completion of leasing at the 40-unit property.

Office
NAI Mertz: Cybersecurity firm leases 4,600 sq. ft. in Mount Laurel

A cybersecurity firm is set to open its first New Jersey office in Mount Laurel, following a 4,566-square-foot lease brokered by NAI Mertz.

Retail
Ocean County bank building sells for $1.57 million, Marcus & Millichap says

A private investor has sold a 3,000-square-foot bank building in Ocean County, according to brokers with Marcus & Millichap who orchestrated the deal.

Residential & Mixed Use
NJCU, developer break ground on next phase of $400 million redevelopment in Jersey City

A developer is set to begin construction on a new 149-unit apartment building on land owned by New Jersey City University, in what will be the second of four residential projects aimed at growing the institution’s footprint and sparking the west side of Jersey City.

Industrial
Tulfra plans self-storage in Clifton redevelopment project

Tulfra Real Estate has acquired a vacant 6.5-acre property alongside Route 3 in Nutley, where it plans to develop a 125,000-square-foot self-storage facility.