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
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.

Residential & Mixed Use
Final condo sold at Wonder Lofts, acclaimed adaptive reuse project in Hoboken

Developers have sold the final penthouse at the acclaimed Wonder Lofts property in Hoboken, capping off a project that transformed a historic factory building into 83 upscale homes.

Industrial
Link Logistics, food manufacturer ink 54,000 sq. ft. industrial lease in Linden, BRC says

Link Logistics has filled more than 54,000 square feet of industrial space in Linden after securing a lease with a food manufacturer, brokers with Bussel Realty Corp. said Monday.

Retail
Marcus: Fully leased 18,000 sq. ft. strip center in North Bergen trades for $6.4 million

A local private investor has purchased a retail center in North Bergen for $6.415 million, brokers with Marcus & Millichap announced Monday.