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
Starbucks, Koto Asian Bistro coming to The Shops at Pier Village, Kushner says

Kushner Cos. has made two more additions to its retail and dining lineup at Pier Village in Long Branch, inking leases with Starbucks and a Japanese sushi steakhouse.

Industrial
Woodmont Industrial adds preleased 212,000 sq. ft. warehouse in Palm Beach County

Woodmont Industrial Partners has expanded its portfolio outside New Jersey with the acquisition of a newly delivered, 212,000-square-foot warehouse in South Florida.

Industrial
NAI DiLeo-Bram signs 16,000 sq. ft. sublease at Union Twp. warehouse

A trucking company has subleased a 16,000-square-foot building in Union Township, under a newly announced transaction by NAI DiLeo-Bram & Co.

Retail
Owner of busy Millville shopping center draws Boot Barn with 14,000 sq. ft. lease

A growing footwear chain has leased more than 14,000 square feet in Millville, securing one of its two initial locations that it plans to open in New Jersey later this year.

Retail
Connecticut retail center fetches $58 million, in deal inked by Morristown-based JLL team

Investment manager TA Realty has purchased a Connecticut retail center for nearly $58 million, in a deal arranged by JLL’s Morristown-based capital markets group.

Residential & Mixed Use
Procida joins developer to break ground on 128 rentals, nonprofit space in Philadelphia

Procida Funding is marking the start of a project that will bring 128 new apartments and office space for a local nonprofit to a West Philadelphia neighborhood.

Events
The view from the top: A conversation with leaders in logistics real estate (SLIDESHOW)

Real Estate NJ was thrilled to welcome a sold-out crowd to our recent event — The View from the Top: A Conversation with Leaders in Logistics Real Estate — at The Highlawn in West Orange. More than 200 attendees turned out to hear from five top industry executives — Jeff Milanaik of Bridge Industrial, Fritz Wyler of Prologis, PJ Charlton of CenterPoint Properties, Britt Winterer of Link Logistics (a Blackstone company) and Rob Kossar of JLL — for a timely, wide-ranging discussion on the state of the industrial real estate market.

Residential & Mixed Use
Invesco completes $161 million purchase, recap of 360-unit Roseland apartment complex

Invesco Real Estate Investment Trust has completed its acquisition of a 360-unit garden apartment complex in Roseland for more than $160 million.

Finance & Capital Markets
Hekemian & Co. affiliate refis Sparta shopping center for $21 million, JLL says

The longtime owner of a nearly 90,000-square-foot shopping center in Sparta has secured $21.5 million in financing for the asset, according to a debt placement team with JLL.

People
Denholtz names new general counsel, tapping former Monmouth Real Estate executive

Denholtz Properties has tapped a veteran of the former Monmouth Real Estate Investment Corp. as its new general counsel, the Red Bank-based firm announced.