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.

Residential & Mixed Use
Hornrock unveils 130-unit rental property, retail building in northern Bergen County

Leasing is underway at Hornrock Properties’ newest luxury multifamily project, a 130-unit rental property in the Bergen County borough of Old Tappan.

Retail
BRC: Basketball training center takes 8,000 sq. ft. at Toms River shopping center

A basketball training center has leased more than 8,000 square feet at a Toms River shopping center, according to a brokerage team with Bussel Realty Corp.

Industrial
Resource Realty named leasing agent for shovel-ready industrial sites in Orange County

A developer has tapped Resource Realty of Northern New Jersey as its leasing team for two shovel-ready industrial parcels in New York’s Orange County, seeking tenants for facilities totaling more than 486,000 square feet.

Health Care & Education
New 127,000 sq. ft. lease with biotech firm among latest deals by Lincoln Equities Group

Lincoln Equities Group has secured another tenant for its Princeton West Innovation Campus in Hopewell, inking a 127,000-square-foot lease with a locally based biotech company.

Photos
Devco tops out $732 million first phase of HELIX campus in New Brunswick (PHOTOS + VIDEO)

New Brunswick Development Corp. on Friday welcomed a crowd of public officials and other well-wishers to the site of its high-profile HELIX project, joining a large team of laborers to top out the first of three buildings at the planned life sciences and technology campus.

Finance & Capital Markets
Cronheim: Clifton’s Styertowne Shopping Center refis for $20 million, with updates underway

The owner of the historic Styertowne Shopping Center in Clifton has refinanced the grocery-anchored property for $20 million, brokers with Cronheim Mortgage said last week.

Finance & Capital Markets
Litwack joins Marcus & Millichap Capital Corp. as managing director in New Jersey office

Marcus & Millichap is expanding its capital markets financing arm in New Jersey with the hiring of Mark Litwack as a managing director.

Health Care & Education
Atkins, ABA Centers ink 10,000 sq. ft. medical office lease in Washington Twp.

Atkins Cos. has leased nearly 10,000 square feet of medical office space in Washington Township to a growing provider of autism-related services in the region.

Professional Services
Newmark Associates’ Melillo, Swatek promoted to vice president

Newmark Associates has promoted brokers Jeannette Melillo and Mary Swatek to the role of vice president with the Morris County-based team.

Industrial
Zimmel: Recycling firm buys Branchburg facility for $14 million after three years of leasing

A recycling company has acquired a 90,000-square-foot industrial property in Branchburg for nearly $14 million, in a newly announced deal by Zimmel Associates.