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: Developer of 42-unit Journal Square building snags $13 million construction loan

A new 42-unit apartment building is coming to Jersey City’s Journal Square with the help of a $13.1 million construction loan, according to a debt placement team with JLL.

Office
Biosimilars firm leases 10,000 sq. ft. in Bridgewater in deal with KRE, Avison Young says

A global life sciences company has taken nearly 10,000 square feet at a Bridgewater office building, in a newly announced deal by Avison Young.

Industrial
Industrial user takes 21,000 sq. ft. near Port Newark, in deal arranged by Blau & Berg

The owner of a 175,000-square-foot industrial complex in Elizabeth has secured a new tenant with a recently completed, 21,000-square-foot lease at the property.

Industrial
Hugo Neu, trucking firm sign deal for Kearny outdoor storage site, BRC says

A trucking company has expanded its footprint in Kearny after leasing a two-acre industrial outdoor storage property, brokers with Bussel Realty Corp. announced.

Industrial
Denholtz, pickleball franchise ink 41,000 sq. ft. lease at new Hamilton flex building

Denholtz Properties has landed a tenant for a new light industrial building in Hamilton, inking a nearly 41,000-square-foot deal with a growing pickleball court franchisee.

Finance & Capital Markets
LEG scores $61 million construction loan for 420,000 sq. ft. Hamilton industrial project

Lincoln Equities Group has landed nearly $61 million in financing to build more than 420,000 square feet of new industrial space in Hamilton, brokers with Cushman & Wakefield said.

Government & Public Policy
State OKs $22 million Aspire package for Newark health care center project

State officials have given a major boost to another development in Newark, approving a nearly $22 million tax credit award for a new ground-up health care project in the South Ward.

Residential & Mixed Use
SAGE: Investor buys 31-unit Elizabeth apartment building for $4.2 million

A private investor has acquired a 31-unit apartment building in Elizabeth for $4.2 million, in a newly announced deal by SAGE Investment Real Estate Advisors.

Office
New 17,000 sq. ft. headquarters lease in Clark leads strong Q2 for Signature Acquisitions

A transportation logistics firm has leased more than 17,000 square feet at a Clark office building, the largest among nearly a dozen second-quarter deals completed by Signature Acquisitions.

Retail
Two-building, mixed-use portfolio in Roselle trades for $1.2 million, Zimmel says

A longtime property owner in Roselle has sold two commercial buildings on one of the borough’s main thoroughfares, in a transaction arranged by Zimmel Associates.