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.

Retail

C&W: 22,000 sq. ft. River Edge retail center trades for $3.2 million

An investor has acquired a nearly 22,000-square-foot retail property in the Bergen County borough of River Edge, in a newly announced deal by Cushman & Wakefield.

Finance & Capital Markets

Mesa West, Bridge Industrial close $54 million loan for South Brunswick industrial project

Bridge Industrial is nearing completion of some 292,000 square feet of new industrial space in South Brunswick after securing nearly $54 million in construction financing.

Industrial

Report: TJX leasing 1.3 million sq. ft. at Kingsland Meadowlands industrial park

The parent of T.J. Maxx, HomeGoods and Marshalls has leased nearly 1.3 million square feet of industrial space in the Meadowlands, marking the first deal at a massive campus being built by Russo Development and Forsgate Industrial Partners.

Finance & Capital Markets

SCALE, Namdar close $243 million in loans for Journal Square apartment projects

SCALE Lending has doubled down on Namdar Group’s development pipeline in Jersey City, providing another $243 million in financing for projects with a combined 811 apartments.

Residential & Mixed Use

Investors buy 80-unit apartment complex in Orange for $13.8 million, Kislak says

An investment group has purchased an 80-unit garden apartment complex in Orange for nearly $14 million, in a newly announced deal by The Kislak Co. Inc.

Office

JLL: Meisel Tuteur & Lewis PC leases 22,000 sq. ft. for new Roseland office

Accounting and consulting firm Meisel Tuteur & Lewis PC has found a new home in Roseland after signing a 22,000-square-foot office lease, brokers with JLL announced.

Connell to open new ‘Fieldhouse’ location at The Park, expanding in-house fitness brand

The Connell Co. is expanding its in-house fitness concept as part of the firm’s ongoing effort to reposition its flagship business and hospitality campus in Berkeley Heights.

Retail

Cannabis shop coming to Route 70 in Marlton after 8,600 sq. ft. lease, Rose Commercial says

A new cannabis dispensary has leased 8,600 square feet at a freestanding retail building in the Evesham section of Marlton, in a deal arranged by Rose Commercial Real Estate.

Policy Page

NAIOP NJ’s New Year’s resolution: Let’s get the next Energy Master Plan right

Overhauling the Energy Master Plan is an opportunity for impacted stakeholders, like you, to help improve what is currently an unrealistic policy document that has done little to accelerate achieving its lofty goals. Perhaps most striking about the current EMP is it lacks an unbiased estimate of what it’ll cost ratepayers, including commercial real estate owners and tenants. Gov. Phil Murphy acknowledged this glaring omission when he announced the 2024 EMP will “seek to better capture economic costs and benefits, as well as ratepayer impacts.”

Professional Services

Greenbaum real estate, environmental attorneys among firm’s newest promotions

Greenbaum, Rowe, Smith & Davis LLP has elevated five attorneys on its real estate and environmental teams as part of a flurry of promotions to start the year.