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.

Residential & Mixed Use
PRC enters New Jersey, acquires 150-unit affordable housing complex in Paulsboro

Real estate firm PRC has acquired a 150-unit apartment complex in Paulsboro, where it’s now planning a major update to help maintain the property’s affordable housing subsidies.

Health Care
Children’s Hospital of Philadelphia eyes new Hamilton facility after buying ex-theater site

The Children’s Hospital of Philadelphia has acquired a former AMC movie theater property in Hamilton as part of a plan to bring a new pediatric care facility to the Mercer County township.

Office
Haleon takes 79,000 sq. ft. for new North American HQ at The Park in Berkeley Heights

Consumer health company Haleon has leased nearly 79,000 square feet at The Park in Berkeley Heights, bringing another tenant to the property as The Connell Co. continues its sweeping overhaul of the 185-acre business and lifestyle campus.

Office
New upscale retail, office space coming to Weichert campus in Morris Plains, RIPCO says

Construction is underway on a project that will transform the Weichert corporate campus in Morris Plains, starting with more than 120,000 square feet of new office and retail space.

Residential & Mixed Use
Urby breaks ground in Hoboken as residential brand expands in Hudson County

Urby has broken ground on a 16-story, 345-unit apartment tower in Hoboken that will mark the latest expansion of the distinctive residential brand.

Residential & Mixed Use
KSR: Developer buys Plainfield property for $4.25 million, eyeing major residential project

A developer has acquired the site of a vacant building in Plainfield that will become part of a planned residential project, in a deal arranged by Kassin Sabbagh Realty.

Industrial
Federal Business Centers, uniform company ink 6,400 sq. ft. lease in Edison, BRC says

An athletic uniform company has taken nearly 6,400 square feet of industrial space in Edison’s Raritan Center, brokers with Bussel Realty Corp. announced Wednesday.

Industrial
Investor buys 6,300 sq. ft. Newark warehouse in all-cash deal, QCRE says

A local investor has purchased a nearly 6,300-square-foot industrial property in Newark for $1 million, in a newly announced deal by The Quinas Cos. Inc.

Finance & Capital Markets
JLL sources $131 million loan for latest phases of Elmwood Park’s Riverwalk project

A developer has landed more than $131 million in senior financing for a four-building, 390-unit multifamily project in Elmwood Park, according to a debt placement team with JLL.

Industrial
Brookfield taps RRNNJ to lease spec 422,000 sq. ft. warehouse in Orange County

Brookfield Properties has named Resource Realty of Northern New Jersey as its leasing team for a new 422,000-square-foot speculative distribution center in New York’s Orange County.