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.

Industrial
Food distributor signs 80,000 sq. ft. renewal at Edison industrial building, BRC says

A food distributor has renewed its lease at an 80,000-square-foot industrial building in Edison, in a newly announced deal by Bussel Realty Corp.

Cover Story
The next chapter: Inside 601W’s plan to reposition Jersey City’s iconic Harborside office complex

Manhattan-based 601W Cos. is advancing its plans to reposition Harborside buildings 1, 2 and 3 in Jersey City, a nearly 2 million-square-foot office complex along the Hudson River, after acquiring the property from Veris Residential Inc. for $420 million.

Government & Public Policy
Murphy visits Fort Monmouth as plan for Netflix campus heads to public comment

The plan to build a sprawling Netflix studio complex at Fort Monmouth received a fresh vote of confidence on Friday as Gov. Phil Murphy visited the property alongside the streaming giant’s co-CEO, touting the plan and New Jersey’s growing film and television industry.

Finance & Capital Markets
Greystone closes $12 million loan to refi 65-unit loft-style apartments in Boonton

A bridge lender and Greystone affiliate has provided more than $12 million to refinance a 65-unit, loft-style apartment building in Boonton.

Office
Bergman unveils disc golf course, yoga room among new wellness amenities in Madison

Bergman Real Estate Group has debuted a new slate of amenity spaces at a Madison office building, seeking to expand its health and wellness opportunities for tenants.

Professional Services
Sheldon Gross tapped to manage commercial portfolio in Union, Middlesex counties

The owner of an office and industrial portfolio in Union and Middlesex counties has tapped Sheldon Gross Realty to manage the properties.

Retail
LMC takes home BOMA-NJ awards for Hamilton shopping center, veteran portfolio manager

Levin Management Corp. is celebrating two awards from the Building Owners & Managers Association of New Jersey, which recognized both a property in the firm’s portfolio and one of its key team members during the group’s recent awards program.

Industrial
JLL: Urban Edge sells 1.2 million sq. ft. East Hanover industrial portfolio for $218 million

Urban Edge Properties has sold a seven-building, 1.22 million-square-foot light industrial portfolio in East Hanover for nearly $218 million, brokers with JLL announced Thursday.

Industrial
Crow Holdings, local officials mark debut of 1.2 million sq. ft. logistics park in Carteret

Carteret’s newest industrial campus was on full display this week as Crow Holdings Development unveiled a three-building, 1.2 million-square-foot development just off the New Jersey Turnpike.

Office
Blau & Berg inks 6,100 sq. ft. office sale in Millburn

More than 6,000 square feet of office space along a key thoroughfare in Millburn has changed hands, in a newly announced deal by The Blau & Berg Co.