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
Silver Edge: Buyer adds 20,000 sq. ft. Englewood warehouse in $5.3 million deal

The longtime owner of a 20,000-square-foot warehouse in Englewood has sold the property, securing more than $5.3 million in a deal with a private buyer.

Industrial
Ridgecut Road taps NAIDB as leasing team for New Brunswick terminal, warehouse parcel

Ridgecut Road has retained NAI DiLeo-Bram & Co. as its leasing agent for a newly acquired industrial property in New Brunswick.

Office
Boniakowski closes new medical condo, office building sales in Central Jersey

An investor has acquired a 3,000-square-foot medical office condominium in Franklin Township, in one of two new deals by The Boniakowski Commercial Real Estate Group.

Finance & Capital Markets
Owner of Motel 6, restaurant property in Mercer County lands new financing, Cronheim says

The owner of a Motel 6 property in Lawrence Township has secured new financing for the asset, in a transaction arranged by Cronheim Hotel Capital.

Retail
Marcus: SITE Centers sells 485,000 sq. ft. Hamilton retail center in deal with Paramount Realty

Paramount Realty has acquired a roughly 485,000-square-foot retail property in Hamilton for more than $100 million, in a newly announced deal by Marcus & Millichap.

Retail
Wick breaks ground on 60,000 sq. ft. retail center at historic Woodbridge intersection

Wick Cos. LLC has broken ground on more than 60,000 square feet of new retail space in Woodbridge that will revitalize a long-vacant property at the junction of routes 1 and 35.

Retail
Mediterranean street food eatery Miznon Kosher opens at Bell Works

The Bell Works campus in Holmdel has welcomed its newest eatery with the debut of Miznon Kosher, a Mediterranean street food concept that’s marking its first New Jersey location.

Industrial
Marcus Partners acquires stake in 1.2 million sq. ft. South Jersey, Pennsylvania light industrial portfolio in recap deal with Camber

Marcus Partners has acquired an interest in a 25-building, 1.2 million-square-foot light industrial portfolio in South Jersey and Pennsylvania.

Professional Services
LAN Associates promotes Webb, Schwenke to vice president

Architecture and engineering firm LAN Associates has promoted Matthew Webb and Ron Schwenke to the position of vice president.

People
J.G. Petrucci hires Duffy as newest project executive

J.G. Petrucci Co. Inc. has bolstered its development team with the addition of Michael Duffy as a project executive.