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.

Industrial
Rockefeller eyes new 241,000 sq. ft. warehouse in Piscataway, its latest in the township

Rockefeller Group is set to build another distribution center in Piscataway, with plans to bring more than 241,000 square feet of modern logistics space to a former brownfield site.

Finance & Capital Markets
Tulfra lands permanent loan with Nuveen for new 160-unit rental property in Rochelle Park

Tulfra Real Estate has secured permanent financing for its new 160-unit luxury apartment building in Rochelle Park, in a deal arranged by JLL.

Retail
LMC: New phase coming for West Orange retail center with Target lease, center-wide upgrades

A plan to enhance and expand a major shopping center in West Orange is underway, following a nearly 212,000-square-foot lease with Target that helped jumpstart the redevelopment.

Office
Data center services firm takes 12,000 sq. ft. in Clark to lead Signature’s Q3 leasing

Signature Acquisitions has signed a new office lease in Clark with a global data center service provider, in one of several third-quarter transactions announced by the landlord.

Residential & Mixed Use
Carriage home in burgeoning Flemington trades for $280,000, Sheldon Gross says

A two-story carriage home in Flemington has changed hands for $280,000, in a newly announced deal by Sheldon Gross Realty.

Industrial
New 120,000 sq. ft. warehouse opens next to Teterboro Airport, PREMIER Design + Build says

LBA Logistics has delivered nearly 120,000 square feet of new high-end industrial space in Teterboro as part of a project constructed by PREMIER Design + Build Group.

Residential & Mixed Use
New 317-unit Urby tower opens in Journal Square, marking developer’s second in Jersey City

The newest Urby luxury apartment building has arrived in Jersey City with the debut of a 25-story, 317-unit property in the resurgent Journal Square neighborhood.

Finance & Capital Markets
G.S. Wilcox closes loans totaling $32 million for Hoboken, Madison commercial assets

The owner of a commercial property in downtown Hoboken has obtained more than $26 million in financing, in one of two recent transactions by G.S. Wilcox & Co.

Professional Services
Langan acquires Robert Stephen Consulting, eyeing growth in portfolio management

Langan Engineering & Environmental Services has acquired a California-based consulting firm, seeking to strengthen its technology offerings for clients that manage real estate portfolios.

Retail
SRS: Cypress, Stockbridge sell LA Fitness tract for $14 million in latest deal at Linden center

A developer and its partner have sold a newly built, 41,000-square-foot LA Fitness property in Linden for nearly $14.3 million, in a newly announced deal by SRS Real Estate Partners.