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
JLL: Blackrock signs early renewal, extends for 176,000 sq. ft. at Princeton office space

Blackrock has signed a major lease extension at a Princeton-area office building, where it will maintain a footprint of 176,000 square feet under the new deal with Argent Ventures.

Residential & Mixed Use
Owner of 1,032-unit Plainsboro rental property seeking buyer for 52-acre complex

A massive garden apartment complex in Plainsboro is on the market for sale, according to brokers with JLL, with the potential to draw offers of more than $300 million.

Finance & Capital Markets
Brennan recapitalizes 1 million sq. ft. industrial portfolio in Moorestown

Brennan Investment Group has recapitalized a 20-building, 1 million-square-foot portfolio of shallow-bay industrial space in Moorestown.

Residential & Mixed Use
Kislak closes sale of Perth Amboy’s Remington Rooming House for $2.4 million

The Perth Amboy YMCA has acquired a mixed-use rooming house property in Perth Amboy for $2.4 million, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
Walters: First renters arrive at new 63-unit affordable housing property in Chatham Twp.

Walters has welcomed the first residents at a new 63-unit, income-restricted multifamily property in Chatham Township after completing the development late last year.

Retail
LMC: McDonald’s opens new 4,500 sq. ft. location at Somerset’s Rutgers Plaza

A new McDonald’s has arrived at a Franklin Township shopping center, following a 4,500-square-foot lease announced last fall and the repurposing of an existing pad site.

Food & Beverage
Stone Creek completes construction at Mabel, Bell Works’ first full-service eatery (SLIDESHOW)

The landmark Bell Works complex in Holmdel has welcomed its first full-service restaurant with the help of Stone Creek Construction Group, the project’s general contractor.

Residential & Mixed Use
Invel Capital buys 111-unit Waldwick rental property for $39 million

Invel Capital has acquired a 111-unit multifamily property in Waldwick for $39 million, adding an asset that was built less than a decade ago and is steps from NJ Transit rail service.

Industrial
Logistics firm takes 150,000 sq. ft. at new warehouse in Lawrence Twp., Avison Young says

Alcamo Capital has landed a tenant for a newly developed warehouse in Lawrence Township, inking a lease for more than 150,000 square feet under a deal arranged by Avison Young.

Finance & Capital Markets
Reynolds inks $30.5 million refi for 103-unit Orange rental project, in JLL-brokered deal

Reynolds Asset Management has closed on a $30.5 million loan to refinance a new 103-unit apartment building in Orange, the developer announced Tuesday.