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.

Deals
Avison Young: Life sciences user takes 60,000 sq. ft. at Faropoint industrial park in Allendale

Faropoint has leased more than 60,000 square feet of industrial space in Allendale to a growing life sciences company, in a newly announced deal by Avison Young.

Deals
Saxum buys Ohio facility with 465,000 sq. ft. of cold storage, warehouse space

Saxum Real Estate has added to its holdings outside New Jersey with the acquisition of more than 465,000 square feet of cold storage and dry warehouse space in Columbus, Ohio.

Residential & Mixed Use
SAGE: Woodmont sells 300-unit Hopewell rental property in $116 million deal

Woodmont Properties has sold a new 300-unit luxury apartment community outside Princeton for nearly $116 million, brokers with SAGE Real Estate Advisors announced Thursday.

Finance & Capital Markets
Rubenstein, Vision land $80 million refi for 700,000 sq. ft. Latitude campus in Parsippany

A joint venture has refinanced the two-building Latitude campus in Parsippany, securing an $80 million loan that allows it to continue investing in the distinctive office property.

Residential & Mixed Use
Pennrose, officials mark start of construction for new veterans senior housing in Woodbridge

Pennrose has broken ground on a project that will bring 60 units of affordable senior housing to Woodbridge with a preference given to military veterans.

Industrial
NAIDB completes $10.5 million sale of Piscataway industrial building

A forklift dealer is expanding to Piscataway after acquiring a more than 41,000-square-foot facility just south of Interstate 287, brokers with NAI DiLeo-Bram & Co. said Wednesday.

Retail
Investor buys fully leased Mount Holly strip center in $2.8 million deal by Kislak

A private investor has purchased a nearly 10,000-square-foot strip center in Burlington County for $2.8 million, according to a listing team with The Kislak Co. Inc.

Professional Services
PREMIER Design + Build Group picks Morristown as new eastern region headquarters

PREMIER Design + Build Group has moved its East Coast headquarters to Morristown, a location that it says will help attract talent and position it for future growth in the region.

Retail
Readington garden center sells Route 22 property for $3.2 million, Deluccia says

The owners of a well-known garden center in Readington have sold a nearby commercial property for $3.2 million, in a newly announced deal by Deluccia Commercial Group.

Residential & Mixed Use
JLL: Buyer wanted for 232-unit luxury rental property across from Woodbridge train station

A well-known luxury apartment building in Woodbridge is on the market for sale, in an offering that comes just a few years after the project helped transform a key downtown intersection.