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
P3 Properties sells Galloway retail center for $13.7 million, C&W says

P3 Properties has sold a nearly 107,000-square-foot retail property in the Atlantic County township of Galloway, brokers with Cushman & Wakefield announced Friday.

Government & Public Policy
EDA eyes $10 million grant program to support small businesses buying liquor licenses

State officials are developing a new grant program that would help small businesses defray the cost of a liquor license purchased under a landmark law enacted earlier this year.

Retail
TFE adds three-building, 93,000 sq. ft. retail property in Fair Lawn, in JLL-brokered deal

TFE Properties has expanded to Bergen County with its purchase of nearly 93,000 square feet of retail space on a 6.3-acre site in Fair Lawn, in a deal arranged by JLL.

Office
WCRE: Cherry Hill office building sold in deal with end-user

A private user has purchased a 20,000-square-foot office building in Cherry Hill, in a newly announced deal by Wolf Commercial Real Estate.

Government & Public Policy
Scutari, acting governor, signs law to allow self-certification of construction documents

Commercial real estate leaders are cheering a newly enacted state law that will allow architects and engineers to self-certify applications for construction permits and other documents, touting it as another step toward streamlining development and cutting red tape.

Finance & Capital Markets
JLL: Tulfra lands $44 million, five-year loan for new 160-unit rental property in Rochelle Park

Tulfra Real Estate has secured $44 million in financing for its newly built, 160-unit luxury apartment building in Rochelle Park, brokers with JLL announced Thursday.

Retail
FNRP adds 88,000 sq. ft. ShopRite-anchored center in Ocean County

First National Realty Partners has acquired a nearly 88,000-square-foot, grocery-anchored shopping center in the Waretown section of Ocean Township.

Residential & Mixed Use
Walters eyes Q4 delivery, launches affordable housing lottery for 63-unit Chatham project

A new 63-unit, income-restricted apartment property in Chatham is one step closer to opening with the start of an affordable housing lottery at the complex.

Retail
Glassboro carwash, laundry business trades in off-market deal, Vantage Commercial says

A carwash and laundry business near Rowan University in Glassboro has changed hands for an undisclosed sum, in a newly announced deal by Vantage Commercial.

Industrial
New 380,000 sq. ft. cold storage warehouse coming to ex-Novartis site in East Hanover

By Joshua Burd A cold storage developer has announced plans for a new 380,000-square-foot temperature-controlled warehouse at a former piece of the Novartis Corp. campus in East Hanover. The operator, RealCold, said it was partnering with site owners Onyx Equities…