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.

Events
United Way reveals commercial, industrial award finalists for annual real estate luncheon

United Way of Northern New Jersey has unveiled the finalists for its commercial real estate awards next month, part of a program that will mark its 25th year of partnering with industry executives for the organization’s largest annual fundraiser.

Office
LPC: SeaCube Container leases 15,000 sq. ft. at Montvale office building

A company that buys and leases refrigerated shipping containers has taken more than 15,000 square feet of office space in Montvale, in a deal arranged by Lincoln Property Co.

Residential & Mixed Use
Denholtz, LMG launch preleasing at 167-unit rental project outside Charlotte

Preleasing is underway at a 167-unit luxury apartment building near Charlotte where Denholtz Properties has partnered with the boutique developer Lansing Melbourne Group.

Finance & Capital Markets
Kennedy Funding inks $2.7 million loan for mixed-use project near Tacoma, Washington

Kennedy Funding has closed a $2.7 million loan in connection with a mixed-use project that will bring nearly 600 new multifamily units to a suburb outside Tacoma, Washington.

Retail
Onyx, PCCP sell 219,000 sq. ft. Plainsboro retail center for $42 million

Onyx Equities and PCCP LLC have sold a Princeton-area shopping center, reportedly for some $42 million, following a major upgrade nearly a decade ago that helped boost occupancy at the nearly 219,000-square-foot property.

Retail
Onyx, PCCP sell 219,000 sq. ft. Plainsboro retail center for $42 million

Onyx Equities and PCCP LLC have sold a Princeton-area shopping center, reportedly for some $42 million, following a major upgrade nearly a decade ago that helped boost occupancy at the nearly 219,000-square-foot property.

Retail
Pierson Commercial promotes Mackowski to director

Pierson Commercial has promoted Robert Mackowski to the role of director with the retail-focused brokerage and advisory firm.

Industrial
BRC: Textile wholesaler, life sciences user ink leases at Somerset industrial flex building

Two tenants have leased a combined 25,000 square feet of industrial and laboratory space in the Somerset section of Franklin, according to brokers with Bussel Realty Corp.

Hospitality & Tourism
Choice Hotels acquires 2.6-acre site on Somerset’s Easton Avenue, The Goldstein Group says

A global hotel chain has acquired a 2.6-acre land parcel in the Somerset section of Franklin, brokers with The Goldstein Group announced Monday.

Retail
Fennelly: Sandwich, wing shop takes 1,300 sq. ft. at Briarwood Shopping Village in Hamilton

A sandwich and wing restaurant is expanding in the region after leasing nearly 1,300 square feet in Hamilton, in a newly announced deal by Fennelly Associates.