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
Green Brook retail asset now fully leased after renovation, recent deals, Deluccia says

A nearly 13,000-square-foot retail center on Route 22 is now fully leased under new ownership and after a recent renovation, according to a brokerage team with Deluccia Commercial Group.

Community
Citizens Bank grants $10,000 to CIS nonprofit arm for financial literacy program for women

The nonprofit partner of Community Investment Strategies Inc. has secured a $10,000 grant from Citizens Bank to provide financial literacy education to women in the company’s portfolio.

Finance & Capital Markets
JLL: Organic food maker snags $23 million loan to acquire 209,000 sq. ft. facility in Logan

A food manufacturer has landed a $23 million acquisition loan for a nearly 210,000-square-foot warehouse and distribution center in Logan Township, brokers with JLL said Thursday.

Cover Story
Links and logistics: Inside the public-private partnership behind a 4 million sq. ft. industrial hub (and a new golf course)

A unique public-private partnership has taken shape in Old Bridge, where the developer of a new nine-building, 4.2 million-square-foot industrial park on Route 9 has also planned, funded and built an 18-hole public golf course in the township under an agreement with local officials.

Government & Public Policy
EDA to consider $400 million tax credit award for 6.5 million sq. ft. Riverton project in Sayreville

State officials are set to consider a 10-year, $400 million tax credit award that would help advance the massive but long-delayed redevelopment of the former National Lead property in Sayreville, where plans call for 6.5 million square feet of development across a mix of uses.

Residential & Mixed Use
Investors, city officials break ground on 477-unit West Side Square project in Jersey City

A development team has broken ground on a long-awaited project in Jersey City, where it’s slated to build nearly 500 new apartments and retail space that will help link the burgeoning Journal Square and West Side neighborhoods.

Industrial
NAIDB: Tenants combine for 28,000 sq. ft. to prelease new Piscataway industrial buildings

A developer has filled two new industrial buildings in Piscataway with commitments totaling nearly 28,000 square feet, in a set of deals arranged by NAI DiLeo-Bram & Co.

Residential & Mixed Use
Winn, ART-JIUS Enterprises acquire Paterson housing property, launch $7.5 million rehab

A joint venture has kicked off its renovation of a newly acquired, 68-unit affordable housing property in Paterson that it says will result in updated homes for a host of community members.

Residential & Mixed Use
Woodmont hits 75 percent leased milestone at 120-unit Warren County rental property

Woodmont Properties has leased 75 percent of its new 120-unit luxury apartment complex in the Warren County township of Independence, the developer announced Wednesday.

Professional Services
Caryl Communications promotes three team members

Caryl Communications has announced three promotions on its Hoboken-based team.