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
JLL: Bridge Industrial inks $29 million loan for spec warehouse project in South Plainfield

Bridge Industrial has closed on a nearly $29 million construction loan for a project that will bring more than 167,000 square feet of new industrial space to South Plainfield.

Retail
Chipotle leases 2,300 sq. ft. for new drive-thru store in Wayne, Goldstein Group says

Chipotle Mexican Grill has taken more than 2,300 square feet for a new location on a key thoroughfare in Wayne, in a recent deal arranged by The Goldstein Group.

Health Care & Education
NAI Hanson: Glen Rock building adds physical therapy chain with new 2,220 sq. ft lease

A physical therapy chain has leased nearly 2,200 square feet of medical office space in downtown Glen Rock, brokers with NAI James E. Hanson announced this week.

Retail
Woodbridge Center to remain retail, dining destination after $70 million sale to mystery buyer

The ailing Woodbridge Center is seemingly poised to remain a mall under its new owner, but its exact future is still unclear after the recent sale of the property for $70.4 million, in a deal that was reported to be a massive loss for its bondholders.

Finance & Capital Markets
Veteran broker Pizzolato joins Accordia as EVP for acquisitions, capital markets

Accordia Realty Ventures has tapped Matthew Pizzolato as its executive vice president for acquisitions and capital markets, in a key hire aimed at supporting its expansion plans.

Industrial
Principal leases new 191,000 sq. ft. industrial building in North Brunswick, C&W says

Principal Asset Management has secured a tenant for more than 191,000 square feet of new industrial space in North Brunswick, in a deal arranged by Cushman & Wakefield.

Residential & Mixed Use
Kushner debuts ‘Livana’ brand for growing collection of luxury rentals in New Jersey

Kushner has unveiled a new brand for its fast-growing portfolio of upscale apartment properties in New Jersey, including two that will hit the market in the coming weeks.

Residential & Mixed Use
Hoboken property with 10 rentals, ground-floor retail fetches $6.1 million, Marcus says

A private investor has acquired 13 apartments and two retail spaces in downtown Hoboken, in a $6.1 million deal arranged by Marcus & Millichap.

Office
Resource Realty: Roxbury office building trades for $1.8 million after reaching full occupancy

An investor has sold a fully leased, 8,000-square-foot corporate and medical office building in Morris County, in one of three recent deals by Resource Realty of Northern New Jersey.

Industrial
P & I Global Tire Solutions takes 15,000 sq. ft. in Linden, in BRC-brokered deal

A tire recycling company has found a new home after leasing a nearly 15,000-square-foot industrial building in Linden, brokers with Bussel Realty Corp. announced Monday.