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.

Professional Services
LMC starts 2024 with new management clients, capping 2 million sq. ft. of recent growth

Levin Management Corp. has secured two new clients to start the year, having been tapped to manage nearly 584,000 square feet of commercial space in New Jersey and Pennsylvania.

Retail
Launch Entertainment takes 32,000 sq. ft. at Little Ferry retail center, CBRE says

An indoor family entertainment chain has leased nearly 32,000 square feet at a grocery-anchored shopping center in Little Ferry, according to a brokerage team with CBRE.

Office
Larken signs 19,000 sq. ft. lease with credit union at Branchburg spec office building

Larken Associates has signed a 19,000-square-foot lease in Branchburg to fill a newly completed speculative office project on Route 22.

Office
Signature caps 2023 with 67,000 sq. ft. in office leases

Signature Acquisitions has leased more than 17,000 square feet in Cranford to a key state agency, in the largest of several fourth-quarter deals announced by the firm.

Finance & Capital Markets
Kennedy Funding inks $7.5 million land loan for Florida townhome project

Kennedy Funding has closed a $7.5 million land loan for a waterfront property in the Florida Panhandle town of Santa Rosa Beach.

Industrial
BRC inks sale of 5,600 sq. ft. Scotch Plains industrial building for $1.3 million

The site of a 5,600-square-foot industrial building in Scotch Plains has changed hands for the second time in a year, in a deal arranged by Bussel Realty Corp.

Residential & Mixed Use
Weiss unveils plan for 407-unit apartment tower in New Brunswick after securing approval

Weiss Properties has secured local approvals for a 407-unit luxury apartment tower in downtown New Brunswick, in a key step for what would be the city’s largest residential project to date.

Retail
Vision sells standalone Acme property in Saddle Brook for $16 million, JLL says

Vision Real Estate Partners has sold a nearly 63,000-square-foot grocery store property in Saddle Brook for $16.1 million, brokers with JLL announced Tuesday.

Residential & Mixed Use
C&W: Hampshire sells residential development site in Metropark to Woodmont

The Hampshire Cos. has sold a mixed-use development site in the Metropark section of Woodbridge, in a newly announced deal by Cushman & Wakefield.

Residential & Mixed Use
Denholtz taps multifamily veteran Fenner to oversee growing portfolio

Denholtz Properties has hired Jeff Fenner as director of multifamily to oversee its growing portfolio of apartments across New Jersey and the Southeast.