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.

Office
LeFrak, Fidelity Investments ink 185,000 sq. ft. lease renewal at Jersey City office tower

LeFrak has signed a nearly 185,000-square-foot lease renewal with Fidelity Investments, a longtime tenant at one of the developer’s Jersey City office towers.

Industrial
Office furniture installer inks 214,000 sq. ft. industrial lease in Elizabeth

A commercial furniture installer has taken nearly 214,000 square feet at an Elizabeth industrial building, brokers with The Blau & Berg Co. announced last week.

Retail
Restaurant group buys 14,000 sq. ft. Glassboro property, Vantage Commercial says

A regional restaurant operator has acquired a 14,000-square-foot commercial building in Glassboro, according to a brokerage team with Vantage Commercial.

Retail
CBRE: Middletown retail center fully leased after tile company takes 2,000 sq. ft.

A flooring company has leased nearly 2,000 square feet at a recently updated shopping center in Middletown, in a newly announced deal by CBRE.

Industrial
Devli adds 176,000 sq. ft. distribution center in Connecticut

Devli Real Estate has added to its portfolio in the region with the acquisition of a 176,000-square-foot industrial building outside New Haven, Connecticut.

Industrial
CBRE: Organic foods distributor buys 105,000 sq. ft. Moonachie warehouse for $31 million

A distributor of natural and organic foods has acquired a 105,000-square-foot industrial building in the Meadowlands for $31 million, in a newly announced deal by CBRE.

Government & Public Policy
Buyer wanted for 230,000 sq. ft. Treasury office building in downtown Trenton

The state is seeking a buyer for a 10-story, 230,000-square-foot office building in downtown Trenton that it says can support a range of uses and is eligible for key incentive programs.

Finance & Capital Markets
STRO, Truist close $25 million loan to refi 353,000 sq. ft. Wayne industrial building

The STRO Cos. has closed on a $25 million loan to refinance a fully leased, 353,000-square-foot industrial building in Wayne that it has owned for more than 30 years.

Retail
Rose Commercial: Ex-Cherry Hill restaurant becomes dental office after recent sale, lease

A former restaurant property in Cherry Hill has a new owner and a new tenant after a set of transactions arranged by Rose Commercial Real Estate.

Retail
WCRE completes 2,100 sq. ft. retail lease off White Horse Pike in Camden County

A retail user has leased more than 2,100 square feet in the Camden County borough of Stratford, brokers with Wolf Commercial Real Estate announced this week.