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
Mullica Hill property, former fitness studio, trades in deal by Vantage Commercial

A private entity has purchased a nearly 2,400-square-foot office building along a key corridor in Gloucester County, in a newly announced deal by Vantage Commercial.

Finance & Capital Markets
Developers ink $7 million permanent loan for new 41,000 sq. ft. warehouse in Randolph

A joint venture has landed $7 million in permanent financing for nearly 41,000 square feet of newly built warehouse space in Randolph, brokers with JLL announced Thursday.

Industrial
Deugen: Construction underway for new U-Haul storage, truck rental complex in Saddle Brook

Deugen Design Build has broken ground in Saddle Brook on a new 125,000-square-foot self-storage and truck rental facility for U-Haul International.

Government & Public Policy
Apartment industry leaders, lawmakers gather for annual NJAA PAC reception (SLIDESHOW)

The strength of the New Jersey Apartment Association was on display this week as its members joined some four dozen lawmakers for the organization’s annual legislative reception.

Finance & Capital Markets
Lenders Capital closes $2 million loan for Hullfish restaurant project in Lawrenceville

A property owner in Lawrence Township has secured a $2 million loan for a plan to build a new restaurant in the town, in a deal arranged by Lenders Capital Realty Services.

Residential & Mixed Use
Cervelli: Six-unit rental building in Jersey City Heights sold for $1.1 million

A private investor has purchased a six-unit apartment building in Jersey City Heights for $1.1 million, in a deal arranged by Cervelli Real Estate & Property Management.

Industrial
Binswanger: Eagle Cliff adds to holdings with 305,000 sq. ft. Philadelphia industrial deal

Eagle Cliff Real Estate Partners has acquired a 305,000-square-foot distribution center in Northeast Philadelphia, brokers with Binswanger announced recently.

Residential & Mixed Use
Boutique apartment building in Jersey City’s Bergen-Lafayette trades for $391,000 per unit

An investor has acquired a new 16-unit luxury apartment building in Jersey City for $6.65 million, in a deal arranged by Redwood Realty Advisors.

Industrial
Bridge Logistics, HVAC manufacturer sign 24,000 sq. ft. industrial lease in Teterboro

Bridge Logistics Properties has leased up a Meadowlands industrial building with a new commitment by an HVAC manufacturing company.

Residential & Mixed Use
Deluccia inks sale of six-unit apartment, retail building in downtown Somerville

A local family has sold a six-unit apartment and retail building in downtown Somerville, in a newly announced deal by Deluccia Commercial Group.