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.

Retail
LeFrak bringing new shops, restaurants to Newport after 27,000 sq. ft. in leasing deals

Several new retail and restaurant tenants are coming to LeFrak’s waterfront Newport district in Jersey City after a series of leases dating to last year.

Retail
Health, beauty chain coming to 15,000 sq. ft. former grocery store in Camden, WCRE says

A local operator has acquired a nearly 15,000-square-foot grocery store property in Camden, brokers with Wolf Commercial Real Estate announced Friday.

Residential & Mixed Use
Kushner breaks ground on $500 million redevelopment of Monmouth Mall, eyeing 1,000 new rentals and open-air community hub

Kushner has broken ground on its long-awaited, closely watched redevelopment of the Monmouth Mall property in Eatontown, where plans call for 1,000 new apartments, a sweeping overhaul of the existing retail and an infusion of new public spaces for the community.

Residential & Mixed Use
Merion Realty sells 35-unit Hunterdon County rental building, Berkadia says

A multifamily owner has sold a 35-unit apartment building in Hunterdon County for a reported $9.3 million, in a newly announced deal by Berkadia.

Industrial
Fennelly: Bordentown property sold, slated to become 182,000 sq. ft. warehouse

A fraternal organization has sold a vacant 22,000-square-foot building in Bordentown to a developer for more than $4 million, in a newly announced deal by Fennelly Associates.

Finance & Capital Markets
JLL inks $26 million loan for Denholtz’s newly acquired 214,000 sq. ft. logistics park in Texas

Denholtz Properties has secured more than $26 million in acquisition financing for nearly 214,000 square feet of high-end industrial space in Texas, in a deal arranged by JLL.

Community
Petrucci, local officials unveil new special needs and faith-based school projects in Plainfield

Two new schools have opened their doors in Plainfield this year with the support of J.G. Petrucci Co. Inc. and its subsidiary, Iron Hill Construction Management.

Office
Tech accelerator debuts 35,000 sq. ft. HQ in downtown Newark, eyeing ripple effect

A global venture capital firm has opened the doors to a new 35,000-square-foot facility in Newark that serves as a hub for developing tech startups across a host of industries.

Retail
Urban Edge acquires new-look 448,000 sq. ft. retail center in Roxbury for $83 million

Urban Edge Properties has acquired a newly redeveloped, 448,000-square-foot shopping center in Morris County for $83 million, the real estate investment trust announced this week.

Professional Services
Garibaldi Group acquires NAI Summit to expand service lines, Lehigh Valley presence

The Garibaldi Group has acquired NAI Summit, the Allentown, Pennsylvania-based real estate services firm, in a move aimed at bolstering its brokerage and property management platforms and expanding its business in the Lehigh Valley region.