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
Spencer Savings Bank promotes Claisse to executive vice president, chief lending officer

Spencer Savings Bank has tapped Michael Claisse as its executive vice president and chief lending officer, elevating him from his post as director of commercial real estate lending.

Office
EPRT takes 4,000 sq. ft. for satellite office in Jersey City, PPP says

A real estate investment trust has found new office space in Jersey City after signing a lease along the Hudson waterfront, brokers with Princeton Property Partners announced recently.

Finance & Capital Markets
CBRE: Fernmore snags $48 million bridge loan for 274-unit Pennsylvania rental project

Fernmore Homes has landed nearly $48 million in bridge financing for a new 274-unit luxury rental property in Pennsylvania’s Chester County, brokers with CBRE announced Tuesday.

Office
Signature acquires renovated 207,000 sq. ft. office building in Warren, C&W says

Signature Acquisitions has added to its New Jersey office holdings with its purchase of a more than 207,000-square-foot property in Warren, in a deal arranged by Cushman & Wakefield.

Events
NAIOP New Jersey honors past, present and future leaders as annual President’s Awards draws packed crowd to Newark’s Gateway Center

Commercial real estate leaders flocked to downtown Newark on Monday for one of NAIOP New Jersey’s signature events, as the association honored a slate of highly regarded members and others that have helped support the industry in the Garden State.

Industrial
BRC: Meiya Capital expands in New Jersey with 87,000 sq. ft. sublease in Edison

A logistics firm has subleased more than 87,000 square feet of industrial space in Edison, brokers with Bussel Realty Corp. announced Monday.

Retail
Pediatric dental office leases 4,000 sq. ft. at Ewing’s Capitol Plaza, LMC says

A pediatric dental practice has taken nearly 4,000 square feet at a Mercer County shopping center, becoming the second health care tenant to join the property this year.

Industrial
Weiss Realty taps JLL as leasing team for 488,000 sq. ft. Illinois warehouse

Moonachie-based Weiss Realty is seeking a new tenant for a warehouse in Illinois, naming a Chicago-based team with JLL as its leasing agent for the 488,000-square-foot property.

Residential & Mixed Use
Advance, growing footprint in Hoboken’s North End, breaks ground on 52-unit rental project

Advance Realty Investors has broken ground on a project that will bring 52 new luxury apartments to a key intersection in Hoboken’s growing North End.

Industrial
Altman-led group buys defunct office site in Parsippany, plans 140,000 sq. ft. warehouse

A joint venture is planning some 140,000 square feet of new logistics space in Parsippany after acquiring an aging office building just south of Interstate 80.