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
LMC: Planet Fitness inks leases for new Watchung, Middlesex locations

Planet Fitness is expanding in central New Jersey with newly signed leases in Watchung and Middlesex Borough, in a set of deals arranged by Levin Management Corp.

Office
International metals company signs 4,800 sq. ft. renewal at Sanzari’s Glenpointe campus

Alfred Sanzari Enterprises has signed a lease renewal at Glenpointe in Teaneck with a business in the precious metals industry, the landlord announced Wednesday.

Residential & Mixed Use
Hartz unveils 250-unit luxury rental project as part of Cranford redevelopment

Hartz Mountain Industries has taken the wraps off a new 250-unit luxury apartment property in Cranford, where it expects to welcome its first residents as soon as early next year.

Residential & Mixed Use
Matthews: Loft-style, 35-unit rental building in Jersey City trades for nearly $13 million

A multifamily property in Jersey City that was converted from a vacant warehouse has sold for $12.65 million, brokers with Matthews Real Estate Investment Services announced Tuesday.

Industrial
Crow Holdings inks full-building, 147,000 sq. ft. lease for new Philly industrial project

Crow Holdings Development has found a tenant for a new 147,000-square-foot industrial project in Philadelphia, inking a full-building lease with a global supply chain firm.

Finance & Capital Markets
Tulfra closes on Fulton Bank construction loan for 795-unit Jersey City self-storage project

Tulfra Real Estate has secured construction financing for a planned 795-unit self-storage facility in Jersey City, the first of three phases for a project near Liberty State Park.

Industrial
Wise Foods takes 61,000 sq. ft. in Totowa industrial deal, Lee & Associates – WBE says

A food business has leased a 61,000-square-foot industrial site in Totowa to expand its North Jersey footprint, brokers with Lee & Associates – WBE announced Tuesday.

Industrial
Newmark: Ares provides $135 million loan for East Hanover cold storage, warehouse project

The developers of some 584,000 square feet of new cold storage and industrial space in East Hanover have secured a $135 million construction loan, brokers with Newmark said Tuesday.

Office
JLL: Princeton University acquires 158,000 sq. ft. West Windsor office building for $33 million

Princeton University has gone from tenant to landlord in West Windsor after acquiring a more than 158,000-square-foot office building off Route 1, in a newly announced deal by JLL.

Office
Onyx leases 25,000 sq. ft. to Einhorn Barbarito in latest deal at ‘The Arbors’ in Parsippany

Onyx Equities has lured another tenant to a revitalized office campus in Parsippany, having leased nearly 25,000 square feet to a locally based law firm.