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.

Health Care & Education
Atkins launches upgrade, expansion of 70,000 sq. ft. medical office building in Gloucester Co.

Atkins Cos. has kicked off a project that will modernize and add more than 30,000 square feet of rentable space to a medical office building in Gloucester County’s Washington Township.

Industrial
CoreOne adds to South Jersey portfolio with 2.2-acre industrial parcel in Pennsauken

CoreOne Industrial LLC has acquired a vacant industrial outdoor property in Pennsauken that it’s now set to renovate as part of a plan to secure a new tenant.

Industrial
Seagis inks two leases to fill new 178,000 sq. ft. warehouse development in Newark

Seagis Property Group has leased up a newly delivered warehouse facility along Route 21 in Newark after completing two deals totaling nearly 180,000 square feet.

Finance & Capital Markets
Madison Realty, Taurasi ink $97 million construction loan for Hoboken condo project

A developer has snagged a $97 million construction loan for its plan to create 110 upscale, loft-style condominiums at what’s currently an industrial building in southwest Hoboken.

Office
Home improvement firm leases 4,300 sq. ft. in Bridgewater office deal, Deluccia says

A home improvement business has taken nearly 4,300 square feet at a Bridgewater office building, in a newly announced deal by Deluccia Commercial Group.

Retail
LMC: Italian eatery opens inside 2,100 sq. ft. at Newark’s Springfield Avenue Marketplace

A new pizzeria and Italian restaurant has opened its doors at Newark’s Springfield Avenue Marketplace, according to a leasing team with Levin Management Corp.

Government & Public Policy
Morristown, Silverman Group reach $5.5 million settlement in lawsuit over scuttled Deloitte deal

Morristown will pay $5.5 million to settle a lawsuit with the Silverman Group after the developer alleged the mayor thwarted a deal to bring Deloitte LLP to one of its properties, instead steering the accounting giant to its eventual home at the M Station campus.

Industrial
Kenilworth, Somerset industrial leases among newest deals by NAI DiLeo-Bram

A fabric manufacturer has leased 42,000 square feet of industrial space in Kenilworth, in one of two newly announced deals by NAI DiLeo-Bram & Co.

Government & Public Policy
New affordable, supportive housing taking shape near hospitals with help of HMFA program

The first projects have arrived under a state program aimed at creating affordable and supportive housing near hospitals — providing shelter and other services while reducing the burden on local health care institutions — as officials eye continued growth for the program.

Residential & Mixed Use
Value Cos. welcomes Mirman as executive vice president

Matthew Mirman has joined Value Cos. as an executive vice president, with a focus on business development and strategic planning for the Clifton-based apartment owner.