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.

Office
Zimmel: Three tenants combine for 26,000 sq. ft. in flurry of leases at Edison office park

Three new tenants are coming to an Edison office complex after a series of deals totaling nearly 26,000 square feet, according to a brokerage team with Zimmel Associates.

Health Care & Education
Katz & Associates: Englewood Health takes 3,000 sq. ft. at ex-restaurant site in Fair Lawn

Englewood Health is adding a location in Bergen County after leasing a former Boston Market building in Fair Lawn, brokerage firm Katz & Associates announced this week.

Residential & Mixed Use
JLL inks sale of new 303-unit luxury rental complex in White Plains

A joint venture has sold a new 303-unit luxury apartment complex in White Plains, New York, in a deal arranged by JLL’s Morristown-based capital markets team.

Industrial
Linden Logistics Center scores LEED designation for five buildings, Greek says

The developers of the seven-building, 4.1 million-square-foot Linden Logistics Center are getting high marks for the project’s focus on sustainability and energy efficiency.

Residential & Mixed Use
Kamson sells 190-unit rental portfolio in Gloucester, Bergen for $31 million, Kislak says

Affiliates of The Kamson Corp. have sold a combined 190 apartments in Gloucester and Bergen counties for $31 million, in an off-market deal arranged by The Kislak Co. Inc.

Industrial
Profeta, Sherwin-Williams ink 685,000 sq. ft. lease to expand key Central Florida facility

An affiliate of Paul V. Profeta & Associates Inc. has leased more than 685,000 square feet to Sherwin-Williams Co. for an expanded facility in the Central Florida city of Winter Haven.

Finance & Capital Markets
Spencer Savings Bank promotes Claisse to executive vice president, chief lending officer

Spencer Savings Bank has tapped Michael Claisse as its executive vice president and chief lending officer, elevating him from his post as director of commercial real estate lending.

Office
EPRT takes 4,000 sq. ft. for satellite office in Jersey City, PPP says

A real estate investment trust has found new office space in Jersey City after signing a lease along the Hudson waterfront, brokers with Princeton Property Partners announced recently.

Finance & Capital Markets
CBRE: Fernmore snags $48 million bridge loan for 274-unit Pennsylvania rental project

Fernmore Homes has landed nearly $48 million in bridge financing for a new 274-unit luxury rental property in Pennsylvania’s Chester County, brokers with CBRE announced Tuesday.

Office
Signature acquires renovated 207,000 sq. ft. office building in Warren, C&W says

Signature Acquisitions has added to its New Jersey office holdings with its purchase of a more than 207,000-square-foot property in Warren, in a deal arranged by Cushman & Wakefield.