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.

Residential & Mixed Use
JLL inks sale of new 303-unit luxury rental complex in White Plains

A joint venture has sold a new 303-unit luxury apartment complex in White Plains, New York, in a deal arranged by JLL’s Morristown-based capital markets team.

Industrial
Linden Logistics Center scores LEED designation for five buildings, Greek says

The developers of the seven-building, 4.1 million-square-foot Linden Logistics Center are getting high marks for the project’s focus on sustainability and energy efficiency.

Residential & Mixed Use
Kamson sells 190-unit rental portfolio in Gloucester, Bergen for $31 million, Kislak says

Affiliates of The Kamson Corp. have sold a combined 190 apartments in Gloucester and Bergen counties for $31 million, in an off-market deal arranged by The Kislak Co. Inc.

Industrial
Profeta, Sherwin-Williams ink 685,000 sq. ft. lease to expand key Central Florida facility

An affiliate of Paul V. Profeta & Associates Inc. has leased more than 685,000 square feet to Sherwin-Williams Co. for an expanded facility in the Central Florida city of Winter Haven.

Finance & Capital Markets
Spencer Savings Bank promotes Claisse to executive vice president, chief lending officer

Spencer Savings Bank has tapped Michael Claisse as its executive vice president and chief lending officer, elevating him from his post as director of commercial real estate lending.

Office
EPRT takes 4,000 sq. ft. for satellite office in Jersey City, PPP says

A real estate investment trust has found new office space in Jersey City after signing a lease along the Hudson waterfront, brokers with Princeton Property Partners announced recently.

Finance & Capital Markets
CBRE: Fernmore snags $48 million bridge loan for 274-unit Pennsylvania rental project

Fernmore Homes has landed nearly $48 million in bridge financing for a new 274-unit luxury rental property in Pennsylvania’s Chester County, brokers with CBRE announced Tuesday.

Office
Signature acquires renovated 207,000 sq. ft. office building in Warren, C&W says

Signature Acquisitions has added to its New Jersey office holdings with its purchase of a more than 207,000-square-foot property in Warren, in a deal arranged by Cushman & Wakefield.

Events
NAIOP New Jersey honors past, present and future leaders as annual President’s Awards draws packed crowd to Newark’s Gateway Center

Commercial real estate leaders flocked to downtown Newark on Monday for one of NAIOP New Jersey’s signature events, as the association honored a slate of highly regarded members and others that have helped support the industry in the Garden State.

Industrial
BRC: Meiya Capital expands in New Jersey with 87,000 sq. ft. sublease in Edison

A logistics firm has subleased more than 87,000 square feet of industrial space in Edison, brokers with Bussel Realty Corp. announced Monday.