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.

Finance & Capital Markets
Bayport closes $4.9 million loan for commercial-to-residential project in Elizabeth

The developer behind a plan to convert a historic commercial building in Elizabeth into 15 apartments has secured nearly $4.9 million in financing from Bayport Funding.

Office
Deluccia Commercial Group inks sale of 7,000 sq. ft. Somerville office building

A medical and professional office building near downtown Somerville has changed hands for more than $1.1 million, in a deal arranged by Deluccia Commercial Group.

Office
Nonprofit takes 2,100 sq. ft. at Cherry Hill commercial building, Vantage Commercial says

A local nonprofit has leased more than 2,100 square feet of commercial space along a major corridor in Cherry Hill, in a newly announced deal by Vantage Commercial.

Office
Unilever debuts 111,000 sq. ft. U.S. headquarters at SJP building in Hoboken (SLIDESHOW)

Unilever has opened the doors to its new 111,000-square-foot U.S. headquarters in Hoboken, becoming the latest blue-chip tenant at SJP Properties’ Waterfront Corporate Center.

Retail
SRS: Developer inks $6 million sale of new Wawa ground lease in Gloucester County

A developer has sold the ground lease for a newly built Wawa in Gloucester County for more than $6 million, brokers with SRS Real Estate Partners announced last week.

Industrial
Print services business takes 14,000 sq. ft. in move to Mahwah, NAI Hanson says

A printing company has leased more than 14,000 square feet of industrial space in Mahwah, in a newly announced deal by NAI James E. Hanson.

People
Levin adds Yurowitz as marketing specialist to support growing business, deal volume

Levin Management Corp. has hired Hayley Yurowitz as a marketing specialist, bolstering the team supporting its strong growth and transaction volume.

Industrial
TFE-owned self-storage property in Lakewood transitions to CubeSmart

TFE Properties has expanded its partnership with CubeSmart, tapping the self-storage operator to manage an 820-unit facility near Route 70 in Lakewood.

Featured
Perth Amboy warehouse, site of New Jersey’s first-ever community solar project, back in focus as Murphy, business leaders tout program’s role in reducing energy costs

As state officials look to tackle rising energy costs, a program that has brought rooftop solar panels to dozens of New Jersey warehouses has taken on added importance as a means of easing that burden without many of the risks and hurdles of major infrastructure projects.

Residential & Mixed Use
Silverman Group bringing 62 new rentals, medical office space to Short Hills site

The Silverman Group has broken ground on a project that will bring 62 new luxury apartments and medical office space to a site just west of the Short Hills train station in Millburn.