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
Summit apartment owner secures $11.5 million loan, refis 37-unit complex

The owner of a 37-unit luxury apartment complex in downtown Summit has refinanced the property for $11.5 million, in a newly announced deal by JLL.

Office
Newmark: Hudson waterfront stands out in Q1 amid steady gains in N.J. office market

The Hudson waterfront office market took a key step forward in early 2022, recording its strongest quarter in more than three years amid several notable deals.

Professional Services
LMC names new COO, CFO as key executive prepares to retire

Levin Management Corp. has announced two promotions to help fill the role of a longtime top executive who will retire this summer.

Industrial
Avison Young adds Troiano, Gianis to New Jersey industrial team

Avison Young has hired two veteran brokers as the latest additions to its New Jersey industrial services team.

Office
NAI Fennelly inks sale of 6,600 sq. ft. office, apartment building in Mercer

A real estate firm has sold a 6,600-square-foot office and residential building outside Princeton, in a newly completed transaction by NAI Fennelly.

Industrial
Salem County self-storage asset sells for $2.5 million, Marcus & Millichap says

Marcus & Millichap has negotiated the sale of Woodstown Mini Storage, a 22,480-square-foot self-storage facility in the Salem County township of Pilesgrove.

Industrial
Faropoint adds 140,000 sq. ft. warehouse in Delanco sale-leaseback deal, NAI Mertz says

Faropoint has added to its New Jersey portfolio with the purchase of a 140,000-square-foot industrial building in Burlington County, in a newly announced deal by NAI Mertz.

Finance & Capital Markets
Hampshire lands $29 million construction loan for 85-unit Morristown rental project, JLL says

The Hampshire Cos. is proceeding with a new 85-unit luxury apartment building in Morristown with the help of a nearly $29 million construction loan, in a newly announced deal by JLL.

Industrial
E-commerce firm takes 54,000 sq. ft. at Denholtz-owned property in Eatontown

An affiliate of Denholtz Properties has leased 54,000 square feet of commercial space in Eatontown to a Brooklyn-based e-commerce company, according to Zimmel Associates.

Retail
Marcus: Net-leased Bank of America property in Clifton trades for $3.8 million

Marcus & Millichap has negotiated the sale of a 4,450-square-foot, net-leased Bank of America property in Clifton, the brokerage firm announced Tuesday.