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
McCarter & English adds Lyons as partner in real estate, cannabis groups

McCarter & English has announced the addition of Richard G. Lyons as a partner in its real estate and cannabis practices.

Professional Services
The Garibaldi Group’s Bartolacci formally moves to newly acquired NAI Summit team

Michael Bartolacci, the longtime broker at the helm of The Garibaldi Group’s Lehigh Valley office, is formally transitioning to NAI Summit after the two firms joined forces last month.

Health Care & Education
Onyx welcomes JAG Physical Therapy to The Junction at Gateway Center in Newark

Onyx Equities has welcomed JAG Physical Therapy to Newark’s Gateway Center, marking the latest addition to the revamped retail lineup at the four-building office complex.

Community
Denholtz, Dirscherl join Monmouth Conservation Foundation board

The Monmouth Conservation Foundation has bolstered its board with the addition of Denholtz Properties’ Steven Denholtz and Dan Dirscherl of Ares Management.

Industrial
CBRE: Heller inks 285,000 sq. ft. deal at Exit 8A with global logistics, fulfillment firm

A logistics and distribution firm is consolidating in South Brunswick after recently leasing more than 285,000 square feet of new industrial space, brokers with CBRE said Tuesday.

Hospitality & Tourism
The New Jersey Hall of Fame opens 10,000 sq. ft. learning center at American Dream

The New Jersey Hall of Fame has unveiled its new 10,000-square-foot Entertainment and Learning Center at American Dream in East Rutherford, providing a permanent home for inductees and a new addition to the sprawling retail and experience destination.

Finance & Capital Markets
Elberon lands $11 million loan for 223,000 sq. ft. Elizabeth warehouse, Wilcox says

Elberon Development Group has closed on $11 million in financing for a 223,000-square-foot warehouse in Elizabeth, in a deal arranged by G.S. Wilcox & Co.

Residential & Mixed Use
Halpern welcomes first residents to 337-unit Birch House on Jersey City’s West Side

The first renters have arrived at one of the highest-profile new luxury apartment buildings in Jersey City’s fast-growing West Side neighborhood.

Retail
Zoltek: Restaurant wanted for 8,400 sq. ft. pad site on Route 1 in West Windsor

A pad site near a recently opened, upscale hotel in West Windsor is on the market to prospective restaurant operators, according to a team with Zoltek Commercial Real Estate Services.

Finance & Capital Markets
Colony Hills, Balfour Beatty buy 296-unit Mount Laurel rental complex for $80 million

A joint venture has acquired a 14-building, 296-unit apartment complex in Mount Laurel for $79 million, according to brokers involved in the deal and a related financing transaction.