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
R+B: Work meets culture at new MTL office in Roseland, where accounting firm’s extensive art collection is on full display (SLIDESHOW)

Accounting firm Meisel, Tuteur & Lewis PC has opened the doors to its new 22,000-square-foot headquarters in Roseland, in a project designed by architects with Rotwein+Blake.

Industrial
Developers, business groups launch ‘Circulate NJ’ coalition to tout logistics industry amid pushback to warehouse projects

Commercial real estate and business leaders have a launched new coalition to promote the benefits of New Jersey’s logistics sector and defend against rhetoric that has stalled a growing number of warehouse development projects in recent years.

Industrial
Altman JV acquires Hamilton tract slated for 171,000 sq. ft. warehouse

Development firm Altman has lined up its second New Jersey project in less than a month, acquiring a parcel in Hamilton that’s slated for nearly 171,000 square feet of new logistics space.

Finance & Capital Markets
PGIM inks $129 million senior loan to refi 1.2 million sq. ft. Cinnaminson warehouse project

PGIM Real Estate has closed more than $129 million in financing to the developer of a new 1.2 million-square-foot industrial property in Cinnaminson, the company announced Monday.

Office
Interstate Waste Services adds 30,000 sq. ft. in latest expansion at Sanzari’s Glenpointe campus

A waste collection and recycling firm has expanded by nearly 30,000 square feet at Alfred Sanzari Enterprises’ Glenpointe campus in Teaneck, the real estate company said Monday.

Industrial
Tire business takes 6,500 sq. ft. in Roselle industrial deal, BRC says

A tire shop has leased 6,500 square feet at an industrial site in Roselle, brokers with Bussel Realty Corp. announced Monday.

Retail
Honeygrow eyes newest New Jersey location with 2,500 sq. ft. lease in Freehold

Stir fry and salad chain honeygrow is once again expanding in New Jersey with a newly completed lease in Freehold, one of several locations that the eatery announced Monday.

Editor’s Note
Looking forward

As you’ll read in this month’s cover story, builders and advocates see New Jersey’s new affordable housing guidelines as a good starting point after more than a decade of uncertainty, conveying cautious optimism even as they confront the financial hurdles, legal battles and political debates that have slowed housing production in the past.

Residential & Mixed Use
Developer sells new 108-unit rental property in Mount Holly for $34 million

Affiliates of Fernmoor Homes have sold a newly built, 108-unit multifamily property in Mount Holly for $33.6 million.

Residential & Mixed Use
Procida completes major Cherry Hill rental project, taps Newmark to list complex for sale

After taking over a long-stalled residential development in Cherry Hill, Procida Funding is seeking a buyer for the newly completed, 507-unit rental property.