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
Blau & Berg: Yankee Line acquires former Coach USA office, garage facility in Elizabeth

Coach USA has sold a nearly 44,000-square-foot garage and office property in Elizabeth to a fellow transportation company, in a deal arranged by The Blau & Berg Co.

Office
Haddon Township commercial building trades in deal by Vantage Commercial

A local business has acquired a nearly 7,400-square-foot commercial building in Haddon Township, according to a brokerage team with Vantage Commercial.

Office
Inspired by Somerset Development buys 277,000 sq. ft. Commvault headquarters in Tinton Falls, plans new Bell Works-style facility

Inspired by Somerset Development has acquired the Tinton Falls headquarters of cybersecurity firm Commvault, with plans to repurpose the building as a new phase of its landmark Bell Works campus in nearby Holmdel.

Government & Public Policy
Tantleff sworn in for second term as NJBA chair, joining six fellow board members

The New Jersey Builders Association has installed Debra Tantleff as its chair for a second term, as it prepares for the rollout of the state’s new affordable housing law and other key policies.

Office
Onyx, PCCP sell revitalized 439,000 sq. ft. office building near Morristown, C&W says

Onyx Equities and PCCP have sold a 439,000-square-foot office building outside Morristown — reportedly for $118.5 million — following nearly a decade of ownership and an ambitious plan to rejuvenate the property.

Government & Public Policy
Greek Real Estate Partners’ Schlindwein installed as NAIOP New Jersey president

NAIOP New Jersey has welcomed its new board for the next two years, with Greek Real Estate Partners’ Matt Schlindwein taking the helm as president of the commercial real estate development association.

Residential & Mixed Use
Kislak: Trenton apartment owner sells two properties totaling 57 units for $6.2 million

A longtime apartment owner in Trenton has sold two properties with a combined 57 units, in a set of deals arranged by The Kislak Co. Inc.

Professional Services
Corliss, Ward of Giordano Halleran real estate, land use teams among newest shareholders

Giordano Halleran & Ciesla PC has named two new shareholders in its real estate and land use groups as part of four newly announced promotions on its Red Bank-based team.

Retail
Marcus: 29,000 sq. ft. strip center in Middletown trades for $5.8 million

A private investor has acquired more than 29,000 square feet of renovated retail space on Route 35 for $5.8 million, brokers with Marcus & Millichap announced Wednesday.

Finance & Capital Markets
Kennedy Funding inks $1.7 million land loan for Dominican Republic resort project

Kennedy Funding has closed a $1.7 million land loan to the firm behind a planned luxury resort property in the Dominican Republic.