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: Petrucci lands JV equity, Provident construction loan for Bucks County warehouse project

J.G. Petrucci Co. Inc. has secured joint venture equity and construction financing for a 330,000-square-foot industrial project in Pennsylvania’s Bucks County, brokers with JLL announced.

Finance & Capital Markets
Developer lands $47 million CMBS loan for new 140-unit rental property in Paramus

The developer of a new 140-unit apartment complex in Paramus has closed on nearly $47 million in financing, in a deal arranged by HKS Real Estate Advisors.

Residential & Mixed Use
Stillman breaks ground on 132-unit oceanfront condo project in Long Branch

Construction is underway on a long-awaited project that will bring another 132 luxury condominiums to Long Branch’s fast-growing shoreline.

Office
Newmark: REIT sells net-leased, 87,000 sq. ft. office building in Mount Laurel

A real estate investment trust has sold a Mount Laurel office building that spans more than 87,000 square feet and is home to a single tenant, brokers with Newmark announced.

Professional Services
Bridgewater-based R&J promotes Johnson to account director

R&J Strategic Communications has promoted Dan Johnson, who has spent nearly a decade with the Bridgewater-based firm and is a key member of its commercial real estate practice.

Office
Fitness, wellness center leases 4,000 sq. ft. at Hamilton flex building, Fennelly says

A health and fitness business has taken 4,000 square feet at a commercial property in Hamilton, in a newly announced deal by Fennelly Associates.

Technology
Dialed up

It seems rare to have an asset class whose inventory has largely stood still for a decade or more, yet that’s been the story for the data center market here in New Jersey, as developers and users have flocked to…

Residential & Mixed Use
Clarion, MRP detail 500-unit residential phase at ex-Burlington Center Mall site

Construction is set to begin on 500 new apartments that will mark another key piece of a plan to redevelop the long-vacant Burlington Center Mall property in Burlington Township.

Professional Services
Lindabury adds Bier as partner in banking, real estate groups

Veteran attorney Rick Bier has joined Lindabury, McCormick, Estabrook & Cooper PC as a partner in its banking and financial services and real estate, land use and zoning practice groups.

Retail
Urban Edge leases 4,300 sq. ft. in Watchung for new Ethan Allen store

Furniture chain Ethan Allen has signed a new lease with Urban Edge Properties, with plans to open a store and showroom at a Route 22 shopping center in Watchung.