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.

Office
Azarian, Duncan Financial Group ink 1,200 sq. ft. office lease in Midland Park

A financial support company has taken more than 1,200 square feet at The Azarian Building, an 18,000-square-foot office property in Midland Park.

Finance & Capital Markets
Saxum, BGO partner for recap of 1.5 million sq. ft. national cold storage portfolio

Saxum Real Estate has recapitalized a six-property, 1.5 million-square-foot portfolio of cold storage buildings under a newly completed partnership with a national investment firm.

Office
Nokia Bell Labs moving to New Brunswick as sole tenant at new 360,000 sq. ft. research, office tower at city’s HELIX campus

One of New Jersey’s most iconic technology companies is headed to New Brunswick, where it will occupy a new lab and office building that’s slated to include some 360,000 square feet.

Professional Services
Veteran brokers March, Fowler join Lee & Associates New Jersey as senior vice presidents

Lee & Associates New Jersey has bolstered its Edison office with the addition of seasoned brokers Paul March and Mark Fowler as senior vice presidents.

Office
JLL: New-look medical office building in Montvale adds psychology practice as latest tenant

A psychology practice has taken 1,000 square feet at a newly modernized office building in Montvale, according to a leasing team with JLL.

Professional Services
WCRE taps veteran broker to lead New York expansion, boosts partnership with CORFAC

Wolf Commercial Real Estate, the Marlton-based firm with deep ties to South Jersey and the Philadelphia metro, is expanding northward with a new office in the New York region

Editor’s Note
A proud moment as NJIT’s Newark Startup Studio graduates 45 minority entrepreneurs

I hope you’ll indulge me this morning as I highlight a proud moment for all of us at Real Estate NJ. It came at this week’s Newark Summit, where New Jersey Institute of Technology President Teik Lim addressed the hundreds that were assembled in downtown Newark.

Finance & Capital Markets
JLL: Spitzer, Titanium ink $19 million refi for new 83-unit Journal Square rental project

An investment group has snagged nearly $19 million to refinance a newly built, 83-unit apartment building in Jersey City, according to a debt placement team with JLL.

Residential & Mixed Use
CIS lands $9 million in HMFA funding for affordable senior housing project in Moorestown

Community Investment Strategies Inc. has secured nearly $9 million in state funding for a new 82-unit, age-restricted affordable housing development in Moorestown.

Retail
REDCOM starts construction on new Honda dealership on Route 3 in Clifton

REDCOM Design & Construction has started its work on a project that will help a Honda dealership expand its footprint while consolidating its teams in Clifton.