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
Electrical maintenance business buys 2,100 sq. ft. Ewing warehouse, Fennelly says

An electrical contractor has acquired a 2,100-square-foot industrial building in Ewing, brokers with Fennelly Associates announced Tuesday.

Residential & Mixed Use
BridgeInvest, Birch Group ink $35 million acquisition loan for 147-unit Passaic rental property

A private lender has closed a nearly $35 million loan to finance The Birch Group’s acquisition of a newly opened, 147-unit multifamily property in Passaic.

People
Recine joins Accordia as principal, in development firm’s latest high-profile addition

Frank Recine, a prominent broker who spent a combined 20 years with JLL and Newmark’s New Jersey teams, has joined Fairfield-based Accordia as a principal.

Residential & Mixed Use
Newest Urby residential tower set to debut in Journal Square

The developer behind the Urby residential brand is set to unveil its latest project, a 317-unit apartment tower in Jersey City’s booming Journal Square neighborhood.

Professional Services
AKF Group — MEP engineering firm with New Jersey presence — joins WSP Global

Professional services firm WSP Global Inc. has acquired AKF Group LLC, a New York-based mechanical, electrical and plumbing firm with a significant footprint in New Jersey.

Industrial
BRC: Moving, storage company takes 54,000 sq. ft. in Millburn

A moving company has leased a nearly 54,000-square-foot industrial building in Millburn, in a newly announced deal by Bussel Realty Corp.

Retail
Salon suites business leases 8,600 sq. ft. in Pequannock, Goldstein Group says

A salon suites business has taken nearly 8,600 square feet at a Route 23 shopping center in Pequannock, brokers with The Goldstein Group announced Monday.

Top News
JLL: Iconic former AT&T campus in Bedminster on the market for lease or sale to users in life sciences, technology

MetLife Investment Management has tapped JLL to reposition and market the nearly 1 million-square-foot former AT&T campus in Bedminster, providing what the brokerage team says is a prime opportunity for new users or a developer seeking to reinvent the property.

Events
United Way honors Central 9 Logistics Park, Kenvue headquarters while marking 25 years of support from New Jersey commercial real estate leaders

United Way of Northern New Jersey marked a milestone last week with its 25th annual Legacy Event, drawing some 400 attendees and raising $335,000 as the state’s commercial real estate sector continued its outsized, longstanding support of the organization.

Residential & Mixed Use
Kushner breaks ground on $500 million redevelopment of Monmouth Mall, eyeing 1,000 new rentals and open-air community hub

Kushner has broken ground on its long-awaited, closely watched redevelopment of the Monmouth Mall property in Eatontown, where plans call for 1,000 new apartments, a sweeping overhaul of the existing retail and an infusion of new public spaces for the community.