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
Fire protection firm sells South Plainfield industrial portfolio for $4 million, NAIDB says

A private investor has expanded its holdings in South Plainfield, adding more than 12,000 square feet of industrial space in a portfolio sale arranged by NAI DiLeo-Bram & Co.

Retail
TFE adds two ex-Rite Aid properties in high-traffic locations in Manchester, Lacey

TFE Properties has purchased two former Rite Aid locations in Ocean County, touting their redevelopment and leasing potential in growing commercial corridors.

Health Care
Johnson & Johnson takes naming rights, expands ties to key incubator space at New Brunswick’s HELIX project

Johnson & Johnson is lending its name to what will be an iconic new public space and a key piece of the emerging HELIX campus in its hometown of New Brunswick.

Technology
AI startup Osmo unveils Elizabeth manufacturing space, headquarters for pioneering ‘digital scent design’ technology

A startup has opened its new headquarters and production site in Elizabeth, where it will hone a technology that uses artificial intelligence to create and detect smells.

Food & Beverage
Panepinto inks retail lease at new Journal Square tower to bring global ramen concept to Jersey City (and East Coast)

An acclaimed ramen brand with a global footprint is coming to Jersey City with a new ground-floor restaurant at 505 Summit, a gleaming luxury apartment tower by Panepinto Properties.

Finance & Capital Markets
CBRE: Sterling Organization scores $18 million loan for Perth Amboy retail center

The owner of a grocery-anchored retail center in Perth Amboy has secured more than $18.4 million in financing for the property, brokers with CBRE announced Monday.

Finance & Capital Markets
Owner of 500,000 sq. ft. Middlesex industrial building lands $50 million B-note, Wilcox says

A big-box warehouse owner in Middlesex County has secured a $50 million loan for the property, in a newly announced deal by G.S. Wilcox & Co.

Retail
Goldstein Group: Ex-pharmacy space in Maplewood sold, slated to become restaurant

A restauranteur has found space in Maplewood after acquiring a vacant retail property on Springfield Avenue, according to a listing team with The Goldstein Group.

Residential & Mixed Use
JLL lists Bloomfield apartment towers for sale, offering 356 units with renovation upside

For investors seeking a property that’s “primed for a full renovation” with value-add potential, a two-building, 356-unit apartment complex is now on the market for sale in Bloomfield.

Residential & Mixed Use
Taylor: East Orange planning board approves redesigned, 100-unit rental project with rooftop amenity spaces

Officials in East Orange have granted a key change to what’s now a 100-unit multifamily project, creating what its design team said is a more refined and resident-focused set of amenities.