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.

Retail
LMC: Norman’s Hallmark takes 4,000 sq. ft. to bring Flemington center to full occupancy

The 239,000-square-foot Flemington Marketplace on Route 202 is now fully leased after a new commitment from Norman’s Hallmark, in a deal announced by Levin Management Corp.

Technology
Newmark: Onyx, MIG sell portion of NEST campus to CoreWeave for $322 million

Onyx Equities and Machine Investment Group have sold a piece of the acclaimed NEST campus in Kenilworth to CoreWeave — the fast-growing cloud provider that is slated to build a data center at the property — in a deal valued at $322 million.

Industrial
Prologis plans three-building, 826,000 sq. ft. industrial park for latest East Greenwich project

Prologis Inc. has closed on nearly 200 acres in Gloucester County, where it plans to build more than 826,000 square feet of new industrial space as part of its growing footprint in the area.

Industrial
New 1,200-unit self-storage facility by CrownPoint, Lamar opens in Newark’s Ironbound

CrownPoint Group and the Lamar Cos. have completed a new self-storage facility in Newark, delivering more than 1,200 units to the city’s bustling Ironbound section.

Finance & Capital Markets
Bollerman inks refi for five-building, 115,000 sq. ft. Eatontown portfolio, JLL says

Bollerman Cos. has refinanced a nearly 115,000-square-foot office and industrial flex portfolio in Eatontown for an undisclosed amount, brokers with JLL announced Wednesday.

Residential & Mixed Use
Kislak: Three-building, 53-unit apartment complex in East Orange sold for $6.3 million

A longtime owner has sold a three-building, 53-unit apartment complex in East Orange for $6.3 million, in a newly announced deal by The Kislak Co. Inc.

Retail
Valvoline, carwash opening at revitalized Maple Shade property, Vantage Commercial says

Valvoline has signed a long-term lease in Maple Shade as part of a site that will also house a new-look car wash business, brokers with Vantage Commercial announced Thursday.

Residential & Mixed Use
Inspired eyes fall delivery, move-ins for 22 luxury condos in Long Branch

Inspired by Somerset Development is bringing another Jersey Shore condominium project to market, launching sales at a collection of 22 homes in downtown Long Branch.

Industrial
CBRE Investment Management buys 199,000 sq. ft. warehouse, adding to Somerset portfolio

CBRE Investment Management has expanded its holdings along Interstate 287, acquiring a nearly 200,000-square-foot warehouse in the Somerset section of Franklin on a client’s behalf.

Finance & Capital Markets
KRE, National ink $255 million refi for 598-unit ‘Journal Squared’ tower, JLL says

KRE Group and National Real Estate Advisors LLC have refinanced the third phase of their landmark Journal Squared project in Jersey City, in a $255 million deal arranged by JLL.