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.

Finance & Capital Markets
Frassetto Cos. inks $10 million loan for new Hudson Valley warehouse, in JLL-brokered deal

Frassetto Cos. has landed $10 million in permanent financing for more than 80,000 square feet of new warehouse space in New York’s Orange County, brokers with JLL announced.

Retail
Retail tenants lease space at new Haddon Twp. apartment project, Vantages Commercial says

Three tenants are coming to the base of a new multifamily property in Haddon Township, in a series of deals arranged by Vantage Commercial.

Industrial
Smaller deals by 3PL, food and beverage firms boost New Jersey industrial leasing, CBRE says

Smaller deals are looming large in New Jersey’s industrial market, helping to drive occupancy gains as developers eye continued momentum in the second half of the year.

Office
Advance eyes new retail, dining at Bedminster campus with Freshpet headquarters as a catalyst

Advance Realty Investors is breaking ground in Bedminster on a build-to-suit, 30,000-square-foot global headquarters for Freshpet, with plans to add 20,000 square feet of new retail space as part of a broader plan to transform a campus on Route 206. — Rendering courtesy: Advance

Industrial
B&D, J.P. Morgan Asset Management add 205,000 sq. ft. North Brunswick industrial portfolio

B&D Holdings and investors advised by J.P. Morgan Asset Management have acquired a 205,000-square-foot portfolio of shallow-bay industrial buildings in North Brunswick.

Deals
Fennelly: Comfort Keepers buys 7,500 sq. ft. Hamilton commercial property for $1 million

At-home care provider Comfort Keepers has acquired a 7,500-square-foot mixed-use building in Hamilton for $1 million, brokers with Fennelly Associates announced Wednesday.

Retail
Azarian: Neptune City retail center fully leased after 1,600 sq. ft. deal with UPS Store

The UPS Store has taken more than 1,600 square feet at a major grocery-anchored retail property in Neptune City, according to a leasing team with Azarian Realty Co.

Residential & Mixed Use
Buyer wanted for 2.25-acre redevelopment portfolio in Union City, Kislak says

A portfolio of 13 parcels in Union City is on the market for sale, brokers with The Kislak Co. Inc. said, touting it as a redevelopment opportunity along New Jersey’s booming Gold Coast.

Office
Report: New Jersey coworking space ticks upward in Q2, surpasses 2.75 million sq. ft.

New Jersey’s supply of coworking space is still growing steadily, with an inventory that’s nearing 3 million square feet amid continued demand for virtual offices and other options.

Deals
Marcus: Local buyer adds 14-unit retail, office property in Saddle Brook for $3.1 million

A local private investor has purchased nearly 14,000 square feet of retail and office space in Saddle Brook for more than $3.1 million, brokers with Marcus & Millichap said Tuesday.