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
Ace Pickleball Club coming to North Brunswick after 27,000 sq. ft. deal, LMC says

An indoor pickleball franchise has taken 27,000 square feet at Brunswick Shopping Center off Route 1 in North Brunswick, according to a team with Levin Management Corp.

Retail
Vantage Commercial: Goodwill of South Jersey, Philly takes 20,000 sq. ft. in Toms River

Goodwill Industries of Southern New Jersey and Philadelphia has leased nearly 20,000 square feet for a new store in Toms River, in a deal arranged by Vantage Commercial.

Finance & Capital Markets
Kennedy Funding closes $1.9 million land loan for Ontario resort property

The owner of a resort under construction in Ontario, Canada, is set to acquire another 125 acres for the project, having secured a nearly $1.9 million loan from Kennedy Funding.

Retail
Grocery-anchored center in Park Ridge sells for $17 million, Marcus says

A private investor has acquired a nearly 72,000-square-foot, grocery-anchored retail property in Park Ridge for $17 million, according to a brokerage team with Marcus & Millichap.

Education
Kislak: Site of 8,000 sq. ft. ex- Goddard School building in Jackson trades for $2.8 million

The former site of a preschool and daycare center in Jackson Township has changed hands for $2.8 million, in a newly announced deal by The Kislak Co. Inc.

Office
WCRE: Berlin office building sold in deal between BFP Properties, Badmacs Holdings

BFP Properties LLC has sold a 4,100-square-foot office building in the Camden County borough of Berlin, in a deal arranged by Wolf Commercial Real Estate.

Professional Services
NAI Hanson acquires The Garibaldi Group, NAI Summit to combine storied brokerage firms

NAI James E. Hanson has acquired The Garibaldi Group, bringing together two of New Jersey’s oldest and most recognizable brokerage and real estate services firms.

Industrial
PNK Holdings buys fully approved parcel for 281,000 sq. ft. warehouse in Hammonton

A developer is planning nearly 281,000 square feet of new warehouse space after acquiring 25 acres in Atlantic County, brokers with Lee & Associates of Eastern Pennsylvania LLC said.

People
Hanback named head of development at Rockefeller Group

Rockefeller Group has tapped Executive Vice President Brandi Hanback as the sole leader of its U.S. development platform and a pipeline that totals more than 17 million square feet.

Office
JLL: Buyer wanted for Parsippany office building with ‘significant upside’ from redevelopment

Another office building in Parsippany is on the market for sale for potential redevelopment or repositioning, in a newly announced offering by JLL’s New Jersey capital markets team.