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
WCRE: Cleaning services firm takes 5,200 sq. ft. in Pennsauken flex industrial deal

A commercial cleaning services firm has leased more than 5,000 square feet at a flex industrial facility in Pennsauken, Wolf Commercial Real Estate announced in a news release Friday.

Retail
CBRE: MetLife sells 103,000 sq. ft. grocery-anchored center in Philadelphia suburb

MetLife Investment Management has sold a more than 103,000-square-foot retail center outside Philadelphia, in a newly announced deal by CBRE.

Retail
LMC: Target takes 76,000 sq. ft. in Flemington with upgrades coming to key shopping center

Target is coming to Flemington after signing an anchor lease at a 239,000-square-foot shopping center on Route 202, in a newly announced deal by Levin Management Corp.

Residential & Mixed Use
Mill Creek seals JV partnership, breaks ground on 253-unit Fort Lee apartment towern

Mill Creek Residential has broken ground on a 253-unit luxury rental tower in Fort Lee, having secured joint venture equity as part of a deal arranged by JLL.

Finance & Capital Markets
C&W: Lincoln Equities, PCCP refi new 333,000 sq. ft. warehouse in Bayonne for $126 million

Lincoln Equities Group and PCCP LLC have secured more than $126 million to refinance nearly 333,000 square feet of newly built industrial space in Bayonne.

Professional Services
Conlon joins Scarinci Hollenbeck real estate team as law firm adds six attorneys

Scarinci & Hollenbeck LLC has bolstered its real estate practice with the addition of Patrick T. Conlon, one of several new attorneys in the firm’s Red Bank and New York City offices.

Food & Beverage
Mabel, coastal European-themed eatery, opens as Bell Works’ first full-service restaurant

The first full-service restaurant at Bell Works has opened its doors at the 2 million-square-foot property, bringing another amenity to its many tenants and residents in and around Holmdel.

Retail
Progress Realty buys 385,000 sq. ft. Sam’s Club-anchored center near Buffalo for $43 million

Progress Realty Partners has acquired a 385,000-square-foot retail center outside Buffalo, New York, as it looks to build its portfolio in growing markets outside New Jersey.

Technology
Brightcore, Luminace detail new community solar project at Fairfield and Montville properties

New solar panels are coming to eight commercial buildings in Fairfield and Montville as part of a project announced Wednesday by Brightcore Energy and Luminace.

Top News
Revlon takes 62,000 sq. ft. for R&D hub at Onyx-led NEST campus in Kenilworth

Revlon is heading to Onyx Equities’ Northeast Science and Technology Center in Kenilworth, where it will lease 62,000 square feet for its New Jersey-based research and development hub.