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
Marcus: Net-leased Wawa convenience store, gas station in Lakehurst trades for $6.5 million

A private investor has acquired a newly built, net-leased Wawa property in Lakehurst for $6.5 million, brokers with Marcus & Millichap announced Wednesday.  

Professional Services
Veterans Affairs taps WCRE Property Management for highly anticipated Toms River clinic

WCRE Property Management is bringing its services to a new Department of Veterans Affairs health care clinic in Toms River that’s slated to open next month.

Industrial
JLL inks sale of new 104,000 sq. ft. Long Island industrial building

A developer has sold a nearly 104,000-square-foot industrial building in New York’s Suffolk County, in a deal arranged by JLL’s Morristown-based capital markets team.

Residential & Mixed Use
Milestone moment: PARQ debuts first 275 apartments at Parsippany office campus

A developer has unveiled a new 275-unit luxury apartment building in Parsippany, in a key step toward repurposing an aging suburban office campus at the crossroads of two interstates.

Finance & Capital Markets
Reynolds refis Princeton Pike Office Park for $16 million, as redevelopment plan advances

A partnership led by Reynolds Asset Management has secured a $16 million loan to refinance the Princeton Pike Office Park in Lawrence Township, where it’s planning a major redevelopment that will bring new housing, retail space and other amenities to the site.

Professional Services
Pacheco joins Levin Management as controller

Commercial real estate industry veteran Lilian Pacheco has joined Levin Management Corp. as a controller, the North Plainfield-based firm announced Tuesday.

Retail
Deluccia: Plant-based eatery signs 2,700 sq. ft. renewal in downtown Somerville

A plant-based restaurant has renewed its lease at the base of a mixed-use building in downtown Somerville, in a deal arranged by Deluccia Commercial Group.

Industrial
Industrial user expands with purchase of 98,000 sq. ft. Northvale facility, NAI Hanson says

A private business has acquired a nearly 98,000-square-foot industrial building in the Bergen County borough of Northvale, in a newly announced deal by NAI James E. Hanson.

Industrial
Link Logistics unveils new 164,000 sq. ft. warehouse at Kearny redevelopment site

Link Logistics has taken the wraps off a new industrial building in Kearny, delivering nearly 164,000 square feet of modern space under a project that it said was five years in the making.

Professional Services
Greenbaum adds Record as partner, co-chair of community association practice

Noted community association attorney Caroline Record has joined Greenbaum Rowe Smith & Davis LLP as a partner in its real estate department.