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.

Retail
Car wash coming to ex-bank site on Route 22 in Green Brook after Deluccia-brokered deal

A longtime car wash operator is opening a new location on Route 22 in Green Brook, according to a brokerage team with Deluccia Commercial Group.

Finance & Capital Markets
Lenders Cap closes $54 million construction loan for 251-unit rental project outside Miami

A developer has closed on a $54 million construction loan for a planned 251-unit multifamily project in South Florida, in a deal arranged by Lenders Capital Realty Services.

Office
Sun Pharma secures EDA tax credit for new 100,000 sq. ft. headquarters near Princeton

One of the world’s largest generic pharmaceutical companies has found a new U.S. headquarters outside Princeton with the help of a tax credit award under the state’s Emerge program.

Health Care
JLL: Buyer wanted for 181,000 sq. ft. Bristol Myers lab, office facility in Warren

The owner of more than 181,000 square feet of high-end lab and office space in Warren has tapped JLL to sell the property, the longtime home of a major pharmaceutical company.

Retail
Dumpling, tea shop takes 1,450 sq. ft. in Fair Lawn for latest New Jersey location, RIPCO says

Bao Dumplings and Bao Tea is adding a fourth New Jersey location with a new 1,450-square-foot lease in Fair Lawn, brokers with RIPCO Real Estate announced Thursday.

Residential & Mixed Use
Malas Development unveils 256-unit Teaneck rental building amid early leasing momentum

Malas Development has taken the wraps off a 256-unit luxury apartment building in Teaneck, with plans for a second phase next door as it transforms what was a large industrial site.

Features
Pickleball users snapping up retail, industrial space as sports craze spreads in New Jersey

A nationwide post-pandemic fitness trend is also a real estate trend in New Jersey, as indoor pickleball facilities fill available spaces throughout the state.

Residential & Mixed Use
Developer taps Kislak as sales broker for new 24-unit apartment building in Jersey City

The developer of a new 24-unit apartment building in Jersey City is looking to sell the property, in a newly announced offering by The Kislak Co. Inc.

Finance & Capital Markets
BHI provides $35 million construction loan for 202-unit TAY Investments project in Jersey City

TAY Investments has secured a $35 million construction loan from BHI to build a new 202-unit apartment building in Jersey City’s West Side neighborhood.

Government & Public Policy
EDA approves $104 million Aspire award for Nokia Bell Labs tower in New Brunswick

The developers of what will be nearly 370,000 square feet of lab and office space in New Brunswick, the future home of Nokia Bell Labs, could break ground next month after securing a 10-year, $103.9 million tax credit award under the state’s Aspire program.