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.

Industrial
Hillwood, WDG break ground on 180,000 sq. ft. logistics project in Bordentown

Global development firm Hillwood has broken ground on a nearly 180,000-square-foot logistics center in Bordentown, its first in New Jersey under a newly opened office in the region.

Professional Services
MSW welcomes Brendan Pytka as director of tax credits and incentives

Murphy Schiller & Wilkes LLP has tapped Brendan Pytka as its director of tax credits and incentives, further bolstering the law firm’s offerings for commercial real estate developers.

Office
Newmark: Deals with new, existing tenants at Bridgewater office campus total 20,000 sq. ft.

Signature Acquisitions has inked three recent deals at a Bridgewater office campus, leasing more than 20,000 square feet to new and existing tenants alongside brokers with Newmark and Deluccia Commercial Group.

Retail
Trio of drive-thru retail pad sites in Mercer, Somerset counties on the market, Pierson says

Three freestanding retail properties in Mercer and Somerset counties have hit the market for lease, each with a drive-thru, in a set of new listings by Pierson Commercial.

Deals
Evergreen Theragnostics adds new spaces in Springfield, in deals arranged by Sheldon Gross

A life sciences firm has expanded in Springfield with two additional leases in the township, in a set of newly announced deals by Sheldon Gross Realty.

Finance & Capital Markets
B&D Holdings lands $23 million acquisition loan for 206,000 sq. ft. Exit 9 industrial campus

B&D Holdings has secured a $23 million acquisition loan for more than 200,000 square feet of industrial space in New Brunswick, brokers with JLL announced Thursday.

Top News
NAI Hanson: Buyer wanted for prime development site in downtown Hackensack

A development site across from Hackensack University Medical Center is on the market for sale, offering the potential to build everything from housing to laboratory space to structured parking.

Industrial
Cheese manufacturer takes 22,000 sq. ft. in Kenilworth, Blau & Berg says

A growing cheese company has leased a 22,000-square-foot industrial building in Kenilworth, in a newly announced deal by The Blau & Berg Co.

Residential & Mixed Use
Move-ins underway at new 336-unit rental property at Jersey City-Hoboken border

The first residents have arrived at a new 356-unit luxury apartment building at the border of Jersey City and Hoboken, its developers announced this week.

Industrial
Reports: Hartz scraps plan for logistics park, open space at sprawling Hercules site on I-80

Hartz Mountain Industries reportedly has dropped its plan to build a 2.5 million-square-foot industrial park in Roxbury — one that also called for hundreds of acres of open space — following considerable pushback from a contingent of local officials, residents and others.