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.

Retail
LMC: McDonald’s opens new 4,500 sq. ft. location at Somerset’s Rutgers Plaza

A new McDonald’s has arrived at a Franklin Township shopping center, following a 4,500-square-foot lease announced last fall and the repurposing of an existing pad site.

Food & Beverage
Stone Creek completes construction at Mabel, Bell Works’ first full-service eatery (SLIDESHOW)

The landmark Bell Works complex in Holmdel has welcomed its first full-service restaurant with the help of Stone Creek Construction Group, the project’s general contractor.

Residential & Mixed Use
Invel Capital buys 111-unit Waldwick rental property for $39 million

Invel Capital has acquired a 111-unit multifamily property in Waldwick for $39 million, adding an asset that was built less than a decade ago and is steps from NJ Transit rail service.

Industrial
Logistics firm takes 150,000 sq. ft. at new warehouse in Lawrence Twp., Avison Young says

Alcamo Capital has landed a tenant for a newly developed warehouse in Lawrence Township, inking a lease for more than 150,000 square feet under a deal arranged by Avison Young.

Finance & Capital Markets
Reynolds inks $30.5 million refi for 103-unit Orange rental project, in JLL-brokered deal

Reynolds Asset Management has closed on a $30.5 million loan to refinance a new 103-unit apartment building in Orange, the developer announced Tuesday.

Top News
Denholtz Properties rebrands as Denholtz, highlighting focus on investment management

Denholtz Properties, the real estate firm founded more than 70 years ago, has shortened its name as part of a rebrand announced Tuesday by its Red Bank-based team.

Industrial
Appco Pharma expands to 27,000 sq. ft. at Piscataway industrial building, BRC says

A generic drug company has expanded to more than 27,000 square feet at a Piscataway industrial building, in a newly announced deal by Bussel Realty Corp.

Office
Accordia inks 7,000 sq. ft. renewal at Fairfield office building, in one of three new deals by firm

Accordia has announced three new office deals in the region, including a nearly 7,000-square-foot lease renewal at its Greenbrook Executive Center in Fairfield.

Industrial
Investors buy South Plainfield industrial outdoor storage site for $33 million, NAI Hanson says

An investment group has acquired a nearly nine-acre industrial outdoor storage site in South Plainfield for $33.25 million, in a newly announced deal by NAI James E. Hanson.

Finance & Capital Markets
Buyer of 77-unit Somerset rental property lands $18 million bridge loan from NewPoint

NewPoint Real Estate Capital has provided $17.75 million in bridge financing to the buyer of a new 77-unit multifamily property in the Somerset section of Franklin Township.