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.

Finance & Capital Markets
Spark GHC snags $19.5 million loan to acquire Wayne hotel, Cronheim says

An investor has landed a $19.5 million acquisition loan in connection with a five-year-old hotel property in Wayne, according to brokers with Cronheim Hotel Capital.

Industrial
CBRE: Faropoint buys Florham Park facility, trophy maker’s longtime home, for $9.3 million

Faropoint has acquired a nearly 51,000-square-foot production and warehouse facility in Florham Park for $9.25 million, brokers with CBRE announced this week.

Finance & Capital Markets
CBRE: New 200-unit Monmouth rental project lands $40 million permanent loan

The owner of a newly built luxury apartment property in Monmouth County has secured $40 million in permanent financing, in a deal arranged by CBRE.

Residential & Mixed Use
CrownPoint, Crossroads break ground on 125-unit, townhome-style project in Randolph

Construction is underway on what will be a collection of 125 townhomes and apartments in Randolph, in a project that will add to the stock of new rental housing in Morris County.

Office
C&W: Mountain Development sells 30,000 sq. ft. JURA headquarters building in Montvale

Mountain Development Corp. has sold a nearly 30,000-square-foot flex office building in Montvale for $5.75 million, in a newly announced deal by Cushman & Wakefield.

Industrial
Denholtz acquires 104,000 sq. ft. South Carolina industrial park to expand Southeast presence

Denholtz has purchased a nearly 104,000-square-foot flex industrial park in South Carolina, marking the latest addition to its fast-growing portfolio in the Southeast.

Retail
Preowned electronics store PayMore opens in Paramus, Goldstein Group says

A chain of preowned electronics stores has arrived in Paramus after a recent lease arranged by The Goldstein Group, the brokerage team announced Monday.

Retail
Domino’s franchise takes 1,300 sq. ft. in Ringwood, Christie’s Commercial says

A new Domino’s is opening at a Passaic County shopping center after a lease arranged by Christie’s Commercial Real Estate, the brokerage firm said last week.

Residential & Mixed Use
Accordia closes on West Caldwell site after landing approvals for 92-unit rental project

Accordia has secured final site plan approval from local officials for a project that will bring 92 luxury apartments to West Caldwell.

Events
The road ahead for industrial: Join us Sept. 10 as we discuss the state of logistics, cold storage and more

Hear the latest in development, tenant demand and other trends in warehouse and logistics space.