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.

Finance & Capital Markets
JLL: Seagis lands $81 million in financing for 225,000 sq. ft. United facility in Newark

Seagis Property Group has secured $81 million in permanent financing for a new warehouse adjacent to Newark Liberty International Airport, brokers with JLL announced Tuesday.

Residential & Mixed Use
Berkadia: Investor buys 36-unit Elizabeth rental property with upside for $4.8 million

The longtime owner of a 36-unit garden apartment building in Elizabeth has sold the property for $4.8 million, in a newly announced deal by Berkadia.

Residential & Mixed Use
Woodmont touts full lease-up of 120-unit rental property near Hackettstown

Woodmont Properties has completed its lease-up of a new 120-unit luxury rental property at the eastern edge of Warren County.

Retail
Toms River zoning board OKs plan for 46,000 sq. ft. retail center, Tokarski Millemann says

A developer has secured a key zoning board approval for a new 46,000-square-foot retail center in Toms River, according to a design team with Tokarski Millemann Architects.

People
SJP Properties taps Hughes as vice president, planning and development

SJP Properties has bolstered its leadership team with the addition of Keenan Hughes, a veteran land use consultant, as vice president for planning and development.

Top News
NJPAC redevelopment underway as construction begins for redesigned outdoor space

Construction is underway for a project that will revamp the New Jersey Performing Arts Center’s outdoor space, in the first piece of a major redevelopment for the Newark theater complex.

Professional Services
Forcello, CBRE’s Central Jersey market leader, named managing director

CBRE has promoted Will Forcello to managing director, his latest role during more than 15 years with the real estate services firm.

Office
Sanzari signs 2,800 sq. ft. renewal with law firm, longtime tenant at Hackensack’s Court Plaza

Alfred Sanzari Enterprises has signed a nearly 2,800-square-foot lease renewal with a law firm at its Court Plaza office campus in downtown Hackensack.

Office
NAI Hanson: Vyom Donut Management takes 1,800 sq. ft. at Rochelle Park flex building

A new office tenant is coming to a Rochelle Park flex property after inking a lease for nearly 1,800 square feet, brokers with NAI James E. Hanson announced Monday.

Retail
Playa Bowls franchisee inks lease at Old Bridge’s Glenwood Green, Platinum Realty says

Playa Bowls is coming to a newly built shopping center in Old Bridge under a 1,500-square-foot lease arranged by Platinum Realty Services Corp.