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
Medical supplies distributor inks 70,000 sq. ft. lease in Fairfield

Saddleback Real Estate Developers has leased nearly 70,000 square feet in Fairfield to a well-known distributor of medical supplies, the industrial owner said Tuesday.

Office
Markeim Chalmers brokers $2.4 million office sale in Cherry Hill

A local investor has paid nearly $2.4 million to acquire a pair of office buildings in Cherry Hill, according to a broker with Markeim Chalmers Inc. who negotiated the deal.

Health Care & Education
Gateway project quickly transforming Atlantic City beachfront (VIDEO)

A mixed-use, $220 million project that could help lift the fortunes of Atlantic City is still a year from completion, but it has already started to transform a parcel of beachfront property in the resort town.

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.