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
Value Cos. tapped to manage Connecticut rental property, expanding out-of-state footprint

Value Cos. is expanding its footprint in the region with a new management assignment at a 172-unit multifamily property in southeastern Connecticut.

Events
Petrucci welcomes more than 100, honors professionals for annual Leadership Awards Dinner (SLIDESHOW)

J.G. Petrucci Co. Inc. continued an annual tradition recently as it honored brokers, engineers and other professionals involved in its transactions and construction projects in 2023.

Industrial
LEG kicks off 204,000 sq. ft. warehouse project in long-awaited redevelopment in Belleville

Lincoln Equities Group has broken ground on a project that will bring more than 200,000 square feet of high-end warehouse space to Belleville, adding new supply to a growing submarket while revitalizing a blighted and long-contaminated site along Route 21.

Finance & Capital Markets
PEEK, Circle Squared land $21 million financing deal for 102-unit Orange rental project

PEEK Properties and Circle Squared Alternative Investments have snagged $20.5 million in financing for a planned 102-unit multifamily development in Orange, the firms announced.

Professional Services
Corporate acquisitions specialist O’Connor joins Resource Realty of Northern New Jersey

Resource Realty of Northern New Jersey has welcomed Blair O’Connor, a seasoned acquisitions executive, as a vice president in its Parsippany headquarters.

Community
NAI DiLeo-Bram, DiLeo Family Foundation to be honored by State Theatre New Jersey

NAI DiLeo-Bram & Co. and the DiLeo Family Foundation will be among this year’s honorees at an upcoming fundraiser hosted by the State Theatre New Jersey in New Brunswick.

Industrial
JLL Northeast industrial team inks full-building, 541,000 sq. ft. prelease in Dutchess County

A joint venture has leased nearly 541,000 square feet of new logistics space in New York’s Dutchess County, in a deal arranged by JLL’s East Rutherford-based Northeast industrial unit.

Retail
Krispy Kreme franchisee takes 4,000 sq. ft. in Lakewood, as brand makes long-awaited return to Ocean County

A new Krispy Kreme is coming to Ocean County after a franchisee’s lease at a Route 70 shopping center in Lakewood, brokers with JLL announced last week.

Residential & Mixed Use
Tredway, LIHC launch $20 million update of newly acquired Newark senior housing

An investment group has closed on its purchase of a 100-unit, age-restricted apartment tower in Newark with plans to begin a $20 million overhaul of the affordable housing property.

Retail
Brunelli: Fitness Factory expands in Morris County, leases 16,000 sq. ft. in Flanders

Fitness Factory Health Club has found its newest location after leasing more than 16,000 square feet in the Flanders section of Mount Olive, in a newly announced deal by R.J. Brunelli & Co.