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
Former ASCO headquarters site in Florham Park sold, slated to become senior housing

The site of a vacant office building in Florham Park is now slated for redevelopment, with plans calling for new senior housing after a sale arranged by Cushman & Wakefield and RePropCo.

Health Care
First phase of New Brunswick’s HELIX campus enters final stages of construction (VIDEO)

The landmark HELIX NJ project is approaching another milestone, with only six months to go until the district’s first building makes its full-fledged debut in downtown New Brunswick.

Office
JLL: Food importer Gellert Global buys 146,000 sq. ft. Madison building for new headquarters

A global food importer has acquired a more than 146,000-square-foot office building on Madison’s historic Giralda Farms campus, in a newly announced deal by JLL.

Events
NAIOP expecting sell-out for Nov. 3 President’s Awards in East Brunswick

NAIOP New Jersey is nearing a sell-out of next week’s President’s Awards and Hall of Fame Dinner, one of the commercial real estate organization’s most popular events of the year.

Retail
Macerich taps CBRE as leasing partner at 1 million sq. ft. Deptford Mall

The owner of the Deptford Mall in Gloucester County has teamed with CBRE to boost leasing activity at the 1 million-square-foot property.

People
Cure Breast Cancer Foundation, nonprofit with CRE ties, taps Perkins as executive director

Laela Perkins has stepped into the role of executive director of the Cure Breast Cancer Foundation, a nonprofit with connections to New Jersey’s commercial real estate industry.

Finance & Capital Markets
Kennedy Funding lends $1.6 million to 159-acre farm owner in Idaho

Kennedy Funding has closed a $1.6 million land loan to the longtime owner of a 159-acre farm property in southeast Idaho, the direct private lender announced.

Residential & Mixed Use
Leasing at Asbury Park’s SURFHOUSE starts strong as building welcomes first residents

Renters have arrived at a new luxury apartment property in Asbury Park after the launch of leasing by Starfield Cos., the developer that has revitalized large swaths of the city’s waterfront.

Industrial
Logistics projects in Parsippany, Hamilton change hands as FRP acquires Altman platform

Development firm FRP Holdings Inc. has acquired interests in two New Jersey industrial projects as part of a larger deal for what’s known as Altman Logistics Properties LLC.

Residential & Mixed Use
Kislak: Garwood apartments sold for first time in decades, fetching $6.6 million

The longtime owner of a 36-unit apartment building in Garwood has sold the property for $6.6 million, brokers with The Kislak Co. Inc. announced this week.