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.

Finance & Capital Markets
Reynolds refis Princeton Pike Office Park for $16 million, as redevelopment plan advances

A partnership led by Reynolds Asset Management has secured a $16 million loan to refinance the Princeton Pike Office Park in Lawrence Township, where it’s planning a major redevelopment that will bring new housing, retail space and other amenities to the site.

Professional Services
Pacheco joins Levin Management as controller

Commercial real estate industry veteran Lilian Pacheco has joined Levin Management Corp. as a controller, the North Plainfield-based firm announced Tuesday.

Retail
Deluccia: Plant-based eatery signs 2,700 sq. ft. renewal in downtown Somerville

A plant-based restaurant has renewed its lease at the base of a mixed-use building in downtown Somerville, in a deal arranged by Deluccia Commercial Group.

Industrial
Industrial user expands with purchase of 98,000 sq. ft. Northvale facility, NAI Hanson says

A private business has acquired a nearly 98,000-square-foot industrial building in the Bergen County borough of Northvale, in a newly announced deal by NAI James E. Hanson.

Industrial
Link Logistics unveils new 164,000 sq. ft. warehouse at Kearny redevelopment site

Link Logistics has taken the wraps off a new industrial building in Kearny, delivering nearly 164,000 square feet of modern space under a project that it said was five years in the making.

Professional Services
Greenbaum adds Record as partner, co-chair of community association practice

Noted community association attorney Caroline Record has joined Greenbaum Rowe Smith & Davis LLP as a partner in its real estate department.

Professional Services
Veteran engineer Perry joins VHB as New Jersey managing director

Professional services firm VHB has hired Brian Perry as its new managing director for New Jersey, touting his more than two decades of experience in engineering consulting and design.

Office
C&W: Five tenants combine for 60,000 sq. ft. in new leases at Princeton-area office campus

A health care technology firm has signed a 26,000-square-foot sublease at a Plainsboro office campus, in one of five newly announced deals by Cushman & Wakefield.

Health Care & Education
Advocare leases 2,700 sq. ft. in Ocean County, WCRE says

A regional health care practice has taken more than 2,700 square feet of medical office space in Ocean County, in a newly announced deal by Wolf Commercial Real Estate.

Residential & Mixed Use
Russo welcomes Newark city officials to Vermella Broad Street, a ‘transformative, transit-oriented development’ seven years in the making

Russo Development marked the opening of nearly 300 new apartments at the north end of downtown Newark, having already leased 70 percent of a project that has brought life to a long-vacant site near NJ Transit’s Newark Broad Street station.