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.

Hospitality & Tourism
Connell breaks ground on 60,000 sq. ft. dining, entertainment building at The Park in Berkeley Heights (SLIDESHOW)

The Connell Co. has started construction on a 60,000-square-foot entertainment building that will serve as a focal point of its redeveloped business campus in Berkeley Heights.

Finance & Capital Markets
KRE lands $175 million loan from Kennedy Wilson for new 595-unit Journal Square tower

Kushner Real Estate Group has secured a $175 million senior construction loan for a new 595-unit luxury apartment tower in Journal Square, its latest in the booming Jersey City district.

Industrial
M&M unveils two-building, 360,000 sq. ft. warehouse project in Piscataway, C&W says

M&M Realty Partners has delivered nearly 360,000 square feet of new industrial space in Piscataway that it’s now marketing alongside brokers with Cushman & Wakefield.

Industrial
Ridgecut Road acquires 2.5-acre industrial outdoor storage property in Union

Ridgecut Road has added to its industrial outdoor storage portfolio in New Jersey with a recent closing in Union Township, in a deal arranged by brokers with JLL.

Health Care & Education
Cresa: Regional Cancer Care Associates takes 10,000 sq. ft. to double footprint in Sparta

A major oncology practice is expanding with a new 10,000-square-foot lease in Sparta, brokers with Cresa’s New Jersey team announced recently.

Residential & Mixed Use
Kushner eyes early 2025 launch for long-awaited, 1,723-unit rental project in Journal Square

Apartments at a massive mixed-use project in Jersey City are now just months away from hitting the market, with preleasing for the 1,723-unit property set to begin early next year.

Industrial
Woodmont, Sagard lease 104,000 sq. ft. to 3PL firm at new-look South Brunswick warehouse

A joint venture has landed a tenant for a newly renovated warehouse in South Brunswick, leasing more than 104,000 square feet to a third-party logistics firm.

Finance & Capital Markets
G.S. Wilcox sources loans totaling $25 million for Clifton, Mount Holly retail landlord

The owner of two shopping centers in Clifton and Mount Holly has secured a combined $25 million in financing, in a set of recent loans arranged by G.S. Wilcox & Co.

Professional Services
Jones moves to Hudson Atlantic as multifamily sales associate

Hudson Atlantic has expanded its brokerage team with the addition of Amanda Jones as a multifamily sales associate, the Parsippany-based firm announced.

Retail
Investor adds 8,400 sq. ft. Moorestown daycare center in $5.4 million deal, Marcus says

A daycare center in Moorestown sold for some $5.4 million, brokers with Marcus & Millichap announced Tuesday.