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.

Residential & Mixed Use
Toll Bros. debuts 259-unit condo tower in final phase of Jersey City redevelopment

Toll Brothers Inc. has unveiled the final piece of its Provost Square development in Jersey City, delivering a 34-story high-end condominium tower in tandem with Sculptor Real Estate.

Office
Newmark: MELD Law moving, expanding in 9,200 sq. ft. lease in West Orange

Law firm Manzi Epstein Lomurro & DeCataldo LLC has leased more than 9,000 square feet at a well-known office building in West Orange, in a deal arranged by Newmark.

Retail
Deals with Bath & Body Works, Jersey Mike’s bring Millville center to 99 percent leased

Irgang Group has all but leased up a 393,000-square-foot power center in Millville after securing new leases with Bath & Body Works, AAA and Jersey Mike’s.

Finance & Capital Markets
Eastern Mortgage Capital funds $10.6 million loan for 38-unit Gloucester Co. rental property

The owner of a 38-unit apartment complex in Gloucester County has secured more than $10.6 million in permanent financing for the property, its lender announced last week.

Retail
Investor sells 6,000 sq. ft. retail property in Burlington County, WCRE says

An investor has sold a 6,000-square-foot shopping center in the Burlington County township of Medford, a broker with Wolf Commercial Real Estate announced Friday.

Office
Sanofi looks to sublease part of new flagship office at 260,000 sq. ft. Morristown building

Pharmaceutical giant Sanofi is looking to sublease part of its new U.S. headquarters in Morristown, where it’s slated to occupy the new 260,000-square-foot M Station West building currently under construction.

Industrial
Saxum, Meadow Partners acquire 80,000 sq. ft. flex industrial building in Hamilton

Saxum Real Estate and Meadow Partners have acquired some 80,000 square feet of industrial space on 16 acres in Hamilton, seeking to capture demand from shallow‐bay and flex users.

Retail
Fennelly: Retail condo sale, three leases among newest deals at Plainsboro Village Center

A wellness studio has acquired a nearly 5,000-square-foot retail condominium in downtown Plainsboro for $1.23 million, a broker with Fennelly Associates announced Thursday.

Retail
Route 73 strip center changes hands among private investors, Vantage Commercial says

A private investor has purchased a nearly 15,000-square-foot strip mall along Route 73 in Burlington County, in a newly announced deal by Vantage Commercial.

Finance & Capital Markets
Kennedy Funding closes latest land loan to help spur hotel project in Washington State

Kennedy Funding has closed a $1.28 million land loan to a developer hoping to bring a hotel to a growing residential and tourism area in Washington State.