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
Grid: Three tenants combine for 26,000 sq. ft. at loft-style flex building in Jersey City

A loft-style commercial building in Jersey City has added three tenants with more than 26,000 square feet of new leasing activity, in a set of deals arranged by Grid Real Estate.

Residential & Mixed Use
LMG, Denholtz unveil 167-unit rental property as Charlotte-area project takes shape

Denholtz Properties and Lansing Melbourne Group have marked the debut of 167 apartments in North Carolina, the second piece of a multiphase project outside Charlotte.

Office
LeFrak, Fidelity Investments ink 185,000 sq. ft. lease renewal at Jersey City office tower

LeFrak has signed a nearly 185,000-square-foot lease renewal with Fidelity Investments, a longtime tenant at one of the developer’s Jersey City office towers.

Industrial
Office furniture installer inks 214,000 sq. ft. industrial lease in Elizabeth

A commercial furniture installer has taken nearly 214,000 square feet at an Elizabeth industrial building, brokers with The Blau & Berg Co. announced last week.

Retail
Restaurant group buys 14,000 sq. ft. Glassboro property, Vantage Commercial says

A regional restaurant operator has acquired a 14,000-square-foot commercial building in Glassboro, according to a brokerage team with Vantage Commercial.

Retail
CBRE: Middletown retail center fully leased after tile company takes 2,000 sq. ft.

A flooring company has leased nearly 2,000 square feet at a recently updated shopping center in Middletown, in a newly announced deal by CBRE.

Industrial
Devli adds 176,000 sq. ft. distribution center in Connecticut

Devli Real Estate has added to its portfolio in the region with the acquisition of a 176,000-square-foot industrial building outside New Haven, Connecticut.

Industrial
CBRE: Organic foods distributor buys 105,000 sq. ft. Moonachie warehouse for $31 million

A distributor of natural and organic foods has acquired a 105,000-square-foot industrial building in the Meadowlands for $31 million, in a newly announced deal by CBRE.

Government & Public Policy
Buyer wanted for 230,000 sq. ft. Treasury office building in downtown Trenton

The state is seeking a buyer for a 10-story, 230,000-square-foot office building in downtown Trenton that it says can support a range of uses and is eligible for key incentive programs.

Finance & Capital Markets
STRO, Truist close $25 million loan to refi 353,000 sq. ft. Wayne industrial building

The STRO Cos. has closed on a $25 million loan to refinance a fully leased, 353,000-square-foot industrial building in Wayne that it has owned for more than 30 years.