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.

People
STRO names new director of construction

The STRO Cos. has hired a 15-year construction industry veteran to support its in-house team and the ongoing growth of its commercial real estate portfolio.

Office
JLL named property manager of 760,000 sq. ft. Headquarters Plaza in Morristown

The owners of Morristown’s Headquarters Plaza complex have tapped JLL to manage the three-building, 760,000-square-foot property.

Retail
Dave’s Hot Chicken coming to New Jersey with new lease in Wayne

A fast casual chicken brand has found its first New Jersey location after a franchisee’s newly completed lease in Wayne.

Retail
LMC: Mattress Warehouse takes 7,000 sq. ft. for first Middlesex County store

Mattress Warehouse has leased 7,000 square feet at a busy Route 1 shopping center in North Brunswick, under a newly announced deal by Levin Management Corp.

Retail
Buyer of Ridgewood property plans new retail, office space, Lee & Associates N.J. says

A family-owned real estate firm has acquired a 3,200-square-foot building in downtown Ridgewood, with plans to repurpose the site to create new retail and office space.

Office
Edison Properties, baby care products firm ink 18,000 sq. ft. lease at Ironside Newark

A consumer products company has leased 18,000 square feet of office space at Ironside Newark, Edison Properties’ sprawling commercial hub at the site of a historic warehouse.

Industrial
Deugen plans early 2023 delivery for new 47,000 sq. ft. Meadowlands warehouse facility

Deugen Development has broken ground on a project that will bring nearly 50,000 square feet of much-needed, modern industrial space to the Meadowlands submarket.

Finance & Capital Markets
LCOR, Madison International land $87 million loan for Montclair luxury apartments

The owners of a two-building, 258-unit multifamily property in Montclair have closed on more than $87 million in financing for the asset, in a deal arranged by JLL.

Finance & Capital Markets
Developer snags $63 million permanent loan for new Jersey City rentals, BlueGate says

Fields Grade Development has landed $63 million in permanent financing in connection with a new luxury apartment complex in Jersey City, according to BlueGate Partners LLC.

Professional Services
Denholtz leasing executive tapped to co-chair DEI committee for CoreNet New Jersey

A key executive with Denholtz Properties is set to co-chair a diversity, equity and inclusion committee for the New Jersey chapter of CoreNet Global, the association representing nearly 10,000 professionals involved in large corporate real estate assignments.