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
Englewood business park sees 30,000 sq. ft. in leasing, NAI Hanson says

The owner of an industrial and flex park in Englewood has inked 20,000 square feet in leasing activity, in a series of transactions brokered by NAI James E. Hanson.

Industrial
Oils, fragrance supplier debuts solar array at Carteret HQ

A global distributor of essential oils and aromatic chemicals has unveiled a new 200,000-square-foot solar array at its headquarters facility in Carteret, the firm announced recently.

Professional Services
Son of Kimmerle Group founder joins firm as CFO

A second generation has joined the leadership team at Kimmerle Group, an architecture and project management firm based in Harding Township.

Finance & Capital Markets
Avison Young brokers $37 million in financing for North Jersey development projects

Brokers with Avison Young have arranged nearly $37 million in financing for two multifamily and mixed-use projects in Essex and Hudson counties, the firm said.

Retail
Two more Kmart stores slated to close in N.J.

At least eight Kmart stores in New Jersey will among those to have closed this year, following an announcement on Thursday that parent company Sears Holdings Corp. would shutter additional locations beyond the lists unveiled earlier this year.

Office
Cleaning service hires executive to lead N.J. office

OpenWorks, a nationwide provider of franchise commercial cleaning services, has hired a former pharmaceutical sales executive to lead its new office in New Jersey.

Retail
Liquor store joins tenant roster at Woodbridge shopping center

A regional liquor store operator has expanded its footprint with the addition of a new 5,500-square-foot store at a shopping center along Route 1 & 9 in Woodbridge.

Government & Public Policy
Payment solutions firm commits to 90,000 sq. ft. HQ in Lawrenceville, EDA says

An invoicing and payment software firm will relocate within Mercer County to nearly 90,000 square foot in Lawrenceville, state officials said Wednesday, thanks in part to a 10-year, $12.9 million tax credit that was awarded to the business earlier this month.

Health Care & Education
Rowan developer unveils ‘centerpiece’ of $400 million campus project

A developer has taken the wraps off the largest piece of a mixed-use, $400 million project that has transformed Rowan University’s footprint in downtown Glassboro.

Finance & Capital Markets
HFF: Clifton industrial project refis for $23.35 million

HFF has arranged a $23.35 million refinancing for the developers that recently repositioned a 204,000-square-foot industrial building in Clifton, the firm announced this week.