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
Investor buys 24-unit apartment complex in Oradell, in value-add deal brokered by SAGE

A long-term owner has sold a 24-unit garden apartment complex in Oradell, in a newly announced transaction by SAGE Investment Real Estate Advisors.

Government & Public Policy
EDA to host info session this week at Stockton’s Atlantic City campus for new Emerging Developers Grant program

The state Economic Development Authority is headed to Atlantic City this week to host an in-person information session for its new $20 million Emerging Developers Fund.

Health Care & Education
Atkins launches upgrade, expansion of 70,000 sq. ft. medical office building in Gloucester Co.

Atkins Cos. has kicked off a project that will modernize and add more than 30,000 square feet of rentable space to a medical office building in Gloucester County’s Washington Township.

Industrial
CoreOne adds to South Jersey portfolio with 2.2-acre industrial parcel in Pennsauken

CoreOne Industrial LLC has acquired a vacant industrial outdoor property in Pennsauken that it’s now set to renovate as part of a plan to secure a new tenant.

Industrial
Seagis inks two leases to fill new 178,000 sq. ft. warehouse development in Newark

Seagis Property Group has leased up a newly delivered warehouse facility along Route 21 in Newark after completing two deals totaling nearly 180,000 square feet.

Finance & Capital Markets
Madison Realty, Taurasi ink $97 million construction loan for Hoboken condo project

A developer has snagged a $97 million construction loan for its plan to create 110 upscale, loft-style condominiums at what’s currently an industrial building in southwest Hoboken.

Office
Home improvement firm leases 4,300 sq. ft. in Bridgewater office deal, Deluccia says

A home improvement business has taken nearly 4,300 square feet at a Bridgewater office building, in a newly announced deal by Deluccia Commercial Group.

Retail
LMC: Italian eatery opens inside 2,100 sq. ft. at Newark’s Springfield Avenue Marketplace

A new pizzeria and Italian restaurant has opened its doors at Newark’s Springfield Avenue Marketplace, according to a leasing team with Levin Management Corp.

Government & Public Policy
Morristown, Silverman Group reach $5.5 million settlement in lawsuit over scuttled Deloitte deal

Morristown will pay $5.5 million to settle a lawsuit with the Silverman Group after the developer alleged the mayor thwarted a deal to bring Deloitte LLP to one of its properties, instead steering the accounting giant to its eventual home at the M Station campus.

Industrial
Kenilworth, Somerset industrial leases among newest deals by NAI DiLeo-Bram

A fabric manufacturer has leased 42,000 square feet of industrial space in Kenilworth, in one of two newly announced deals by NAI DiLeo-Bram & Co.