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
Hartz preleases 109,000 sq. ft. Cranford warehouse, eyes 132,000 sq. ft. second phase

Hartz Mountain Industries has leased more than 109,000 square feet of new industrial space in Cranford, securing deals with an HVAC wholesale distributor and a third-party logistics firm.

Industrial
MCB adds new 368,000 sq. ft. warehouse in Howell in $70 million deal

MCB Real Estate has purchased a newly built, 368,000-square-foot industrial building in Howell for nearly $70 million, the investment management firm announced Tuesday.

Top News
Rutgers Center for Real Estate names EisnerAmper as latest corporate sponsor

Accounting and advisory firm EisnerAmper has become the newest corporate sponsor of the nearly decade-old Rutgers University Center for Real Estate.

Industrial
NAI Hanson: Admiral Metals leases 12,000 sq. ft. in Sparta industrial flex deal

A metals processor and distributor has taken more than 12,000 square feet of industrial flex space in Sussex County, in a newly announced deal by NAI James E. Hanson.

Industrial
Woodmont, Butters break ground on 84,000 sq. ft. warehouse in latest South Florida project

Woodmont Industrial Partners has broken ground on an 84,000-square-foot facility in South Florida, its latest joint venture in the region with Butters Construction & Development.

Residential & Mixed Use
Developers join Jersey City leaders to tout new housing stock, resurgence in Bergen-Lafayette

The historic Bergen-Lafayette neighborhood in Jersey City took center stage last week as city officials marked the arrival of two new apartment buildings with a combined 208 units.

Professional Services
Progress Capital team joins Cushman debt, equity platform in New Jersey, suburban New York

Cushman & Wakefield has made a major addition in New Jersey, announcing that the Progress Capital team led by Kathy Anderson, Brad Domenico and Brian Anderson has joined its debt and equity group based in East Rutherford.

Real Estate NJ Owners Council
KRE Group launches leasing at 239-unit garden-style project in East Hanover

Kushner Real Estate Group has delivered the latest project in its portfolio of modern garden apartments, unveiling a 239-unit property at a well-known site in East Hanover.

Finance & Capital Markets
Nuveen closes $28 million loan for 215,000 sq. ft. North Bergen industrial asset, JLL says

Nuveen Real Estate has provided $28 million in permanent financing to the owner of a 215,000-square-foot industrial building in North Bergen, brokers with JLL announced.

Office
SJP unveils 11,000 sq. ft. buildout in Bridgewater for Everest Clinical Research

SJP Project Solutions has completed the buildout of more than 11,000 square feet of office space in Bridgewater that serves as a new U.S. hub for a contract research organization.