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
Cervelli: Tenants wanted for ground-floor, rooftop commercial space at Passaic loft project

The owner of a loft-style apartment building in Passaic has tapped Cervelli Real Estate and Property Management as its leasing team for the property’s commercial space.

Industrial
Deugen wins approval for two-building, 195,000 sq. ft. warehouse project in New Brunswick

An affiliate of Deugen Development has secured a key local approval for a plan that would bring nearly 200,000 square feet of new warehouse space to New Brunswick.

Top News
Ianuale, Trautner reflect on time as ULI New Jersey co-chairs after extended term

Ensuring a smooth transition has been a top priority for Tom Trautner and Tony Ianuale in their final months as co-chairs of the Urban Land Institute’s Northern New Jersey chapter. Fortunately, that has meant continuing what they’ve done for more than four years — engaging members through networking events and thought-provoking panel discussions.

Finance & Capital Markets
Developers of 477-unit West Side Square project in Jersey City ink $169 million financing deal

A development group has landed more than $169 million in financing for a project that will bring 477 new apartments and retail space to Jersey City’s growing West Side neighborhood.

Professional Services
Archer’s DePaolo, Prince named partners with law firm

Archer & Greiner PC has named two new partners after elevating Nicholas L. DePaolo of the firm’s real estate team and Trevor A. Prince Jr. of its business litigation group.

Industrial
Logistics user takes 109,000 sq. ft. in North Brunswick sublease, BRC says

A logistics firm has subleased 109,000 square feet at a North Brunswick industrial building, in a newly announced deal by Bussel Realty Corp.

Industrial
Hartz delivers new 515,000 sq. ft. warehouse in Teterboro, with JLL as its leasing team

Hartz Mountain Industries has taken the wraps off more than 515,000 square feet of new industrial space in Teterboro, as it markets the property alongside brokers with JLL.

Retail
Marcus: Investors trade 22,000 sq. ft. retail property near Rowan in $3.5 million deal

An investor has acquired a nearly 22,000-square-foot retail property near Rowan University’s campus in Glassboro, brokers with Marcus & Millichap announced Tuesday.

Office
Law, fintech firms combine for 2,900 sq. ft. at Sanzari’s Court Plaza in Hackensack

Two new tenants are coming to Alfred Sanzari Enterprises’ Court Plaza campus in Hackensack after signing leases at the three-building property.

Finance & Capital Markets
Kennedy Funding closes $2.7 million land loan for 82-unit Nashville residential project

Kennedy Funding has provided a $2.7 million land loan to the developer of a planned 82-unit residential community in Tennessee, the Englewood-based direct private lender announced.