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.

Finance & Capital Markets
Greek lands $44 million construction loan for 287,000 sq. ft. Philly industrial project

Greek Real Estate Partners has secured a $44 million construction loan for what will be nearly 290,000 square feet of new industrial space in Philadelphia, its first project in the submarket.

Industrial
LXP Industrial Trust sells 127,000 sq. ft. flight training facility in Whippany, JLL says

A real estate investment trust has sold a nearly 130,000-square-foot flight training facility in the Whippany section of Hanover, in a deal arranged by JLL’s New Jersey capital markets team.

Residential & Mixed Use
Kislak inks $2.6 million sale of 13-unit Jersey City apartment building

A private investor has acquired a 13-unit apartment building in Jersey City for nearly $2.6 million, according to brokers with The Kislak Co. Inc.

Professional Services
GZA promotes Parekh, engineer and LSRP in New Jersey, to associate principal

GZA GeoEnvironmental Inc. has named a new associate principal in New Jersey after a promotion on its environmental engineering team.

Residential & Mixed Use
AIRN Management hits 80 percent leased mark at new 97-unit West New York rental project

Renters are flocking to a new 97-unit upscale apartment building in West New York after the launch of leasing only three months ago, its developer announced Monday.

Retail
Mediterranean fast-casual chain takes 1,700 sq. ft. at Delran’s Hartford Corners, LMC says

A fast-casual Mediterranean restaurant has leased 1,700 square feet at a grocery-anchored retail center in Delran, in a newly announced deal by Levin Management Corp.

Residential & Mixed Use
Advance hails a signature project in Harrison, adding 399 homes to firm’s Riverbend District

Advance Realty Investors has marked the opening of what it says is its signature multifamily project to date, unveiling nearly 400 new apartments in Harrison as it continues its buildout of a district that will ultimately include thousands of luxury rental units.

Industrial
Silverman adds 41,000 sq. ft. Hillsborough industrial building in $8.3 million sale-leaseback

An affiliate of The Silverman Group has purchased a nearly 41,000-square-foot industrial building in Hillsborough, in a newly announced deal by Cushman & Wakefield.

Professional Services
MSW expands commercial real estate practice with three newly added attorneys

Murphy Schiller & Wilkes LLP has announced the addition of three attorneys to its growing commercial real estate practice.

Industrial
Solar Landscape expands community solar portfolio with newly activated project in Union

Rooftop solar developer Solar Landscape has activated another project in New Jersey, in Union Township, where it will generate clean energy at a discount to more than 260 nearby homes.