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
Veris-, Woodmont-led venture sells 50,000 sq. ft. Morristown retail asset to Winfield Properties

A joint venture led by Veris Residential Inc. and Woodmont Properties has sold nearly 50,000 square feet of retail space in downtown Morristown, brokers with JLL announced Friday.

Office
ABS Management, Aerotek ink 18,000 sq. ft. lease at Parsippany office campus, JLL says

ABS Management has secured a new tenant at a refreshed office building in Parsippany, inking a lease for more than 18,000 square feet with a publicly traded staffing company.

Residential & Mixed Use
Kislak brokers sale of 10-unit Point Pleasant rental property for $3.5 million

A buyer has paid $3.5 million for a 10-unit luxury apartment property in Point Pleasant, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
Viv Muldoon Group, Ridgewood-based residential realtor, joins The Gill Group

Two prominent residential real estate teams in Ridgewood have joined forces with the addition of the Viv Muldoon Group to The Gill Group of Keller Williams Village Square Realty.

Technology
A.I. cloud startup CoreWeave to build $1 billion data center at Onyx’s NEST campus in Kenilworth

A new $1 billion data center is coming to the Northeast Science & Technology Center — the sprawling former Merck & Co. campus in Kenilworth — where cloud computing firm CoreWeave has signed a long-term lease with Onyx Equities and Machine Investment Group.

People
Reynolds Asset Management taps Green as CFO to support growing portfolio

Real estate finance veteran Stuart Green has joined Reynolds Asset Management as its chief financial officer, bolstering the firm’s executive team as it eyes continued growth.

Deals
Quinas arranges sale of long-vacant retail property in Newark for $625,000

The site of a vacant 2,500-square-foot retail property in Newark has changed hands for $625,000, in a newly announced deal by The Quinas Cos. Inc.

Office
Mullica Hill property, former fitness studio, trades in deal by Vantage Commercial

A private entity has purchased a nearly 2,400-square-foot office building along a key corridor in Gloucester County, in a newly announced deal by Vantage Commercial.

Finance & Capital Markets
Developers ink $7 million permanent loan for new 41,000 sq. ft. warehouse in Randolph

A joint venture has landed $7 million in permanent financing for nearly 41,000 square feet of newly built warehouse space in Randolph, brokers with JLL announced Thursday.

Industrial
Deugen: Construction underway for new U-Haul storage, truck rental complex in Saddle Brook

Deugen Design Build has broken ground in Saddle Brook on a new 125,000-square-foot self-storage and truck rental facility for U-Haul International.