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.

Industrial
Longpoint adds 445,000 sq. ft. Montville industrial portfolio in deal with First Industrial

Longpoint Partners LP has acquired more than 445,000 square feet of industrial space in Montville, one of at least two major additions recently to the firm’s holdings in New Jersey.

Industrial
Distribution business takes 16,000 sq. ft. near Port Newark, Blau & Berg says

A distribution company has leased 16,000 square feet of industrial space roughly a mile from Port Newark-Elizabeth, in a newly announced deal by The Blau & Berg Co.

Office
NAI Hanson: Attorneys swap 9,000 sq. ft. office building in sale-leaseback in Hackensack

A law practice has acquired a 9,000-square-foot office building in Hackensack as part of a new sale and partial leaseback arranged by NAI James E. Hanson.

Retail
Bagel Nook opens in 2,000 sq. ft. space in Aberdeen, Florham Realty says

A new Bagel Nook has arrived in Aberdeen after recently leasing nearly 2,000 square feet along a key corridor, in a deal arranged by Florham Realty Group Inc.

Professional Services
Tavern, sushi restaurants with shared kitchen open in Morristown in latest Stone Creek project

Two restaurants have opened new locations in downtown Morristown, operating with a shared kitchen as part of a project completed by Stone Creek Construction Group.

Office
SJP inks 111,000 sq. ft. lease in Hoboken for Unilever’s new U.S. headquarters

SJP Properties has signed a new 111,000-square-foot lease with Unilever that will bring the consumer goods giant’s U.S. headquarters to the Hoboken waterfront.

Finance & Capital Markets
PGIM details $64 million acquisition loan to Longpoint for Totowa industrial portfolio

Longpoint Partners LP has secured nearly $64 million in financing for its purchase of more than 448,000 square feet of shallow-bay industrial space in Totowa.

Industrial
Solar Landscape, NSA unveil plans for 8.5 million sq. ft. of rooftop solar on self-storage buildings

Solar Landscape, the Asbury Park-based solar developer, has inked a new partnership that could lead to projects on at least 8.5 million square feet of rooftop space nationally.

Professional Services
REDCOM breaks ground on Middlesex headquarters for road striping business

A road striping company is getting a new headquarters in Middlesex Borough as part of a project that’s now underway by REDCOM Design & Construction.

Retail
Spark Car Wash inks ground lease for new location in Wayne, Goldstein Group says

Spark Car Wash has leased a 1.5-acre site in Wayne for a new location on one of the township’s main retail corridors, brokers with The Goldstein Group announced Monday.