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.

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.

Residential & Mixed Use
Cervelli: Two-building, 38-unit rental portfolio in Bayonne trades for $6.5 million

A partnership has acquired a two-building, 38-unit apartment portfolio in Bayonne, in a deal arranged by Cervelli Real Estate and Property Management.

Retail
LeFrak bringing new shops, restaurants to Newport after 27,000 sq. ft. in leasing deals

Several new retail and restaurant tenants are coming to LeFrak’s waterfront Newport district in Jersey City after a series of leases dating to last year.

Retail
Health, beauty chain coming to 15,000 sq. ft. former grocery store in Camden, WCRE says

A local operator has acquired a nearly 15,000-square-foot grocery store property in Camden, brokers with Wolf Commercial Real Estate announced Friday.

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.

Residential & Mixed Use
Merion Realty sells 35-unit Hunterdon County rental building, Berkadia says

A multifamily owner has sold a 35-unit apartment building in Hunterdon County for a reported $9.3 million, in a newly announced deal by Berkadia.

Industrial
Fennelly: Bordentown property sold, slated to become 182,000 sq. ft. warehouse

A fraternal organization has sold a vacant 22,000-square-foot building in Bordentown to a developer for more than $4 million, in a newly announced deal by Fennelly Associates.

Finance & Capital Markets
JLL inks $26 million loan for Denholtz’s newly acquired 214,000 sq. ft. logistics park in Texas

Denholtz Properties has secured more than $26 million in acquisition financing for nearly 214,000 square feet of high-end industrial space in Texas, in a deal arranged by JLL.