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
Vision, Birch Group refi 228,000 sq. ft. Florham Park office building

Vision Properties and The Birch Group have closed on a long-term refinance of a 228,000-square-foot office building in Florham Park, brokers with Cushman & Wakefield announced.

Industrial
Freight forwarder leases Old Bridge industrial site, Sheldon Gross says

A freight-forwarding company has signed a lease in Old Bridge for a nearly 10-acre industrial site with a renovated warehouse space, in a newly announced deal by Sheldon Gross Realty.

Government & Public Policy
Foglio named commissioner with Mercer County Improvement Authority

Longtime developer Christiana Foglio has joined the Mercer County Improvement Authority, marking her latest stint at the agency and her latest post in the public sector.

Residential & Mixed Use
State officials, NJPAC tout ‘exciting next phase’ after mixed-use project lands Aspire award

A new chapter is set to begin for the New Jersey Performing Arts Center in Newark, where a long-awaited, mixed-use development is expected to transform the existing venue and have an exponential impact on its role as a catalyst in the city.

Health Care & Education
Onyx taps Outshine Properties as leasing, asset management partner as renovations begin at NEST life sciences campus in Kenilworth

Onyx Equities is set to begin renovations at the 2 million-square-foot former Merck & Co. campus in Kenilworth, having teamed with a known life sciences developer to spearhead its plan to upgrade and bring new tenants to the property.

Industrial
Tenants lease 733,000 sq. ft. in Burlington, Middlesex industrial deals, Lee & Associates says

A third-party logistics firm has leased nearly 480,000 square feet of industrial space in Burlington, in one of two newly announced deals by Lee & Associates New Jersey.

Retail
JLL: Investor buys 70,000 sq. ft. grocery-anchored shopping center in Marlboro for $16 million

First Montgomery Group has sold a grocery-anchored shopping center in Monmouth County for $15.9 million, brokers with JLL announced this week.

Residential & Mixed Use
First residents arrive at Russo’s 296-unit Vermella Broad Street project in Newark

Russo Development has welcomed its first 50 residents to a new 296-unit luxury apartment property just north of NJ Transit’s busy Broad Street station in Newark.

Office
Boniakowski: Contractor moves from Elizabeth after buying Springfield office building

A construction firm has acquired a 10,000-square-foot office building in Springfield, in a newly announced deal by The Boniakowski Commercial Real Estate Group.

Professional Services
Larken Associates’ Livingstone-Martinetti earns New Jersey real estate broker’s license

A member of Larken Associates’ commercial leasing team has earned her New Jersey real estate broker’s license, the Branchburg-based firm announced this week.