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
JLL Northeast industrial team inks full-building, 541,000 sq. ft. prelease in Dutchess County

A joint venture has leased nearly 541,000 square feet of new logistics space in New York’s Dutchess County, in a deal arranged by JLL’s East Rutherford-based Northeast industrial unit.

Retail
Krispy Kreme franchisee takes 4,000 sq. ft. in Lakewood, as brand makes long-awaited return to Ocean County

A new Krispy Kreme is coming to Ocean County after a franchisee’s lease at a Route 70 shopping center in Lakewood, brokers with JLL announced last week.

Residential & Mixed Use
Tredway, LIHC launch $20 million update of newly acquired Newark senior housing

An investment group has closed on its purchase of a 100-unit, age-restricted apartment tower in Newark with plans to begin a $20 million overhaul of the affordable housing property.

Retail
Brunelli: Fitness Factory expands in Morris County, leases 16,000 sq. ft. in Flanders

Fitness Factory Health Club has found its newest location after leasing more than 16,000 square feet in the Flanders section of Mount Olive, in a newly announced deal by R.J. Brunelli & Co.

Office
Growing life sciences manufacturer leases 5,000 sq. ft. in Springfield, Boniakowski says

A manufacturer in the life sciences industry has taken 5,000 square feet at a Springfield office building, according to a team with The Boniakowski Commercial Real Estate Group.

Industrial
Connors inks 15,000 sq. ft. industrial lease in Elizabeth

An undisclosed business has leased nearly 15,000 square feet at an Elizabeth industrial building, in a deal arranged by The William F Connors Agency.

Professional Services
Industry veteran King joins Marlton-based National Integrity Title Agency

National Integrity Title Agency has expanded its senior management team with the hiring of Diane King as director of operations.

Industrial
Marcus: Well-known self-storage portfolio in North Jersey trades in eight-figure deal

A portfolio of five self-storage buildings in northern New Jersey has changed hands for what brokers say is a nearly nine-figure price, in a deal arranged by Marcus & Millichap.

Office
LeFrak sees Newport office building, with abundant power and industrial-style construction, as a key draw for AI players

In a time in which access to power is at a premium — thanks largely to the needs of Big Data and artificial intelligence — a historic building in Jersey City’s Newport district has emerged as a potential destination for technology firms and other players in the space.

Finance & Capital Markets
BNE lands $103 million refi for new 245-unit Chatham rental property, JLL says

BNE Real Estate Group has secured a $103 million loan to refinance its recently opened, 245-unit luxury apartment property in Chatham, brokers with JLL announced Wednesday.