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
Ivy Rehab, Poke Bros coming to Hamilton Plaza in two latest LMC-brokered deals

A physical therapy chain and a poké bowl shop are coming to a grocery-anchored retail center in Hamilton, according to a leasing team with Levin Management Corp.

Industrial
Profeta lands approvals for 1.1 million sq. ft. industrial project at New Jersey Turnpike Exit 8

PVP Exit 8 LLC, an affiliate of Paul V. Profeta & Associates Inc., has secured approvals to build 1.1 million square feet of new industrial space adjacent to the New Jersey Turnpike in East Windsor, capitalizing on a site that is a 45-second drive from the highway’s northbound lanes.

Industrial
Donnelly unveils 26,000 sq. ft. warehouse in Wayne leased to cold storage user

Donnelly Construction has completed a nearly 26,000-square-foot warehouse in Wayne with a tenant in hand, in the first of two new buildings at a development site near Route 23.

Professional Services
Zambarano joins GTL Construction’s New Jersey team as director

Real estate and project management veteran Alan Zambarano has joined GTL Construction of NJ Inc., the growing general contractor and construction management firm.

Industrial
Medical device maker signs 85,000 sq. ft. extension in Totowa, Avison Young says

A medical device manufacturer in Fairfield has signed a lease renewal and extension for nearly 85,000 square feet, brokers with Avison Young announced recently.

Retail
Nordstrom Rack takes 26,000 sq. ft. at Urban Edge power center in Manalapan

A new Nordstrom Rack is coming to Monmouth County with a newly signed, 26,000-square-foot lease at a Manalapan power center.

Sponsored Content
How to survive the commercial real estate industry in 2024

All of the industry conferences and panels I’ve attended over the last several months have one thing in common — in each, someone has uttered the phrase “Survive to ’25” or the Bee Gees variant “Stayin’ alive till ’25,” either seriously or perfunctorily, as nearly everyone in the commercial real estate market knows that 2024 is going to be a rocky year. Why? Each of the players in the venerable trifecta of tenant, landlord and lender is having problems of their own.

Retail
Urban Edge acquires new 87,000 sq. ft. retail center in Watchung for $34 million

Urban Edge Properties has acquired an 87,000-square-foot shopping center in Watchung for $34 million, completing the deal as part of a flurry of recent moves across its portfolio.

Professional Services
Environmental attorney Kettler among newest promotions at Riker Danzig

Riker Danzig LLP has elevated Michael S. Kettler of the firm’s environmental law group, in one of several newly announced promotions on its Morristown-based team.

Finance & Capital Markets
IDB Bank, TAY Investments close $31 million bridge loan for 155-unit Newark rental property

IDB Bank has closed a $31 million bridge loan for a newly completed, 155-unit apartment building in Newark’s Central Ward.