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.

Education
Marcus: Investor buys net-leased Montessori school site in Bergen County for $7.4 million

The site of a new 10,000-square-foot early education center in Bergen County has traded for $7.35 million, according to a listing team with Marcus & Millichap.

Finance & Capital Markets
JLL: Bridge Industrial snags $27 million bridge loan for new Piscataway warehouse

Bridge Industrial has secured $27.1 million in bridge financing for a nearly 148,000-square-foot warehouse in Piscataway, in a newly announced deal by JLL.

Residential & Mixed Use
Investor buys 63-unit Bloomfield apartment building for $11 million, Kislak says

A longtime owner has sold a historic 63-unit apartment building in Bloomfield for nearly $11 million, brokers with The Kislak Co. Inc. announced Tuesday.

Residential & Mixed Use
PEEK expands third-party construction group with Charles, Gartner in leadership roles

PEEK Properties has fortified its third-party development platform for multifamily projects with the additions of industry veterans Nick Charles and Luis Gartner.

Retail
Three-tenant, 22,000 sq. ft. strip center in Union City trades for $7.8 million, Marcus says

A private investor has acquired a 22,000-square-foot retail center in a key business district in Union City, in a newly announced deal by Marcus & Millichap.

Finance & Capital Markets
Kennedy inks $2.9 million land loan for South Orange project with 61 rentals, 23,000 sq. ft. of commercial space

A developer has closed on a $2.85 million land loan from Kennedy Funding in connection with plans to build 61 apartments and commercial space in South Orange.

Industrial
Contractor buys 28,000 sq. ft. warehouse on 3.4 acres in Fairfield for $8.7 million, NAI Hanson says

The site of a 28,000-square-foot warehouse with excess land in Fairfield has changed hands for nearly $8.75 million, brokers with NAI James E. Hanson announced Tuesday.

Professional Services
Sheldon Gross to manage 131,000 sq. ft. commercial, industrial portfolio in Central Jersey

The owners of five commercial buildings in Monmouth and Middlesex counties have tapped Sheldon Gross Realty to manage the properties.

Office
C&W: New leases, renewals fuel 90,000 sq. ft. in activity at revitalized 3 Gateway in Newark

Rugby Realty is reaping the benefits of a plan to modernize Newark’s 3 Gateway office tower, where it has inked some 90,000 square feet in recent leasing volume.

Residential & Mixed Use
Newly approved ‘M Lofts’ to bring 150 rentals to Morristown as key development continues

Officials in Morristown have all but cleared the path for a development that would bring 150 new apartments to a long-underused site near the landmark M Station office campus.