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
Deluccia: Accounting, advisory firm leases 2,100 sq. ft. at Warren office building

A full-service accounting firm has taken 2,100 square feet at a Somerset County office building, in a newly announced deal by Deluccia Commercia Group.

Industrial
March lands full-building tenant, refinances new 70,000 sq. ft. warehouse in Wayne

March Construction has filled some 70,000 square feet of new warehouse space in Wayne after a recent lease with a fast-growing importer of nuts, dried fruits, herbs and spices.

Top News
Newark Regional Business Partnership launches Real Estate Council with industry heavyweights

The Newark Regional Business Partnership, the longtime host of a signature commercial real estate event, is doubling down on its ties to the industry with a newly formed advisory group.

Finance & Capital Markets
G.S. Wilcox arranges loans totaling $25.5 million for New Jersey, Pennsylvania warehouses

The owner of a new 70,000-square-foot industrial property in Wayne has closed on $15 million in financing, in one of two newly announced deals by G.S. Wilcox & Co.

Industrial
NAI Hanson: Distributor buys 15,000 sq. ft. industrial flex building in Teterboro

A distributor of energy equipment and other products has purchased a nearly 15,000-square-foot industrial flex building in Teterboro, in a deal arranged by NAI James E. Hanson.

Retail
Hudson County cafes, eateries ink leases to expand in Jersey City, Grid Real Estate says

Three restaurants are expanding in Jersey City with a series of newly announced leases by Grid Real Estate, the brokerage firm with longstanding ties to Hudson County.

Residential & Mixed Use
Larken’s Heckman named executive vice president of multifamily operations

Larken Associates has promoted longtime team member Jessica Heckman to executive vice president of multifamily operations, the Branchburg-based firm said Tuesday.

Top News
Regeneron taps JLL to market ex-Avon research campus in Suffern for sale, lease

Regeneron is seeking a buyer or tenant for a well-known, 235,000-square-foot research and development campus just north of Bergen County, according to a listing team with JLL.

Finance & Capital Markets
Arrow: Owner of 264,000 sq. ft. North Brunswick warehouse inks $34 million permanent loan

A developer has secured a $33.5 million permanent loan for some 264,000 square feet of industrial space in North Brunswick, in a deal arranged by Arrow Real Estate Advisors.

Finance & Capital Markets
Legacy owner scores $296 million loan for 1,880-unit New Jersey apartment portfolio

The owner of nearly 1,900 garden-style apartments in northern and central New Jersey has closed on $296 million in financing for the portfolio, brokers with JLL announced.