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
Grocery Outlet takes 19,000 sq. ft. at Gloucester County shopping center, Equity Retail says

A discount supermarket chain has leased nearly 19,000 square feet at a Gloucester County retail property, according to a team with Equity Retail Brokers.

Residential & Mixed Use
Kislak closes $3.5 million sale of 18-unit Long Branch apartment complex

An investor has purchased an 18-unit garden apartment complex in Long Branch for $3.5 million, in a newly announced deal by The Kislak Co. Inc.

Finance & Capital Markets
Developer of mixed-use project outside Orlando inks $4 million loan with Kennedy Funding

Kennedy Funding has closed nearly $4 million in financing to the would-be developer of a mixed-use project outside Orlando.

Residential & Mixed Use
Dunellen planning board OKs 50-unit rental project downtown, Taylor Architecture says

A developer has secured a key approval for a project that would bring 50 new apartments and commercial space to Dunellen’s growing downtown.

Professional Services
MSW adds Russo, Lesser as associates to strengthen land use, construction law teams

Murphy Schiller & Wilkes has bolstered several key practice groups with the addition of Tiana Russo and Joshua Lesser as associates, the Newark-based firm announced.

Office
Lipton debuts full-floor, 15,000 sq. ft. office space in Hoboken after SJP buildout

The parent company of Lipton teas has unveiled its new full-floor office space in downtown Hoboken after a buildout spearheaded by SJP Project Solutions

Industrial
NAI Hanson: Maker of signs, trade show materials buys 12,000 sq. ft. Bergenfield flex building

A manufacturer has acquired a 12,000-square-foot industrial flex building in Bergenfield for $2.7 million, in a newly announced deal by NAI James E. Hanson.

Industrial
Peak Construction to build new 326,000 sq. ft. Brookfield warehouse in West Windsor

Brookfield Properties has tapped Peak Construction Corp. to build more than 326,000 square feet of new industrial space in West Windsor.

Government & Public Policy
EDA approves $11.5 million Aspire award for Somers Point affordable housing project

A developer is planning a 43-unit affordable housing project in Atlantic County with the help of a newly approved, $11.5 million tax credit under the state’s Aspire program.

Finance & Capital Markets
Developer lands $29 million in preferred equity for 568-unit rental portfolio in Bound Brook, Hackensack

The owner of a 568-unit apartment portfolio in Bound Brook and Hackensack has recapitalized the properties for $29 million, according to an advisory team with Berkadia.