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.

Office
Summit Financial expands to 42,000 sq. ft. in latest deal at new-look Parsippany office park

Investment adviser Summit Financial is expanding in Parsippany under a newly signed lease extension with Onyx Equities, according to a brokerage team with Cresa.

Industrial
Boniakowski: Construction, landscape equipment firm buys Hillsborough site for $3.2 million

A construction and landscape equipment company has purchased an 8,000-square-foot industrial building on six acres in Hillsborough, in a newly announced deal by The Boniakowski Commercial Real Estate Group.

Retail
Urban Edge set to acquire 92,000 sq. ft. Bridgewater lifestyle center for $54 million

Urban Edge Properties is on track to acquire an upscale retail center in Bridgewater for more than $54 million, as it continues to reshape its extensive holdings in New Jersey.

Office
NAIDB: Woodbridge office tower nearly full after new leases, renewals totaling 28,000 sq. ft.

The owner of a well-known office tower in Woodbridge has inked seven leases in recent months, securing a mix of new commitments and renewals in deals arranged by NAI DiLeo-Bram & Co.

Industrial
Legacy, Commerce Park buy 27,000 sq. ft. industrial property in Totowa

A joint venture has acquired a nearly 27,000-square-foot industrial building in Totowa with plans to modernize and reposition it as a mixed-use commercial property.

Finance & Capital Markets
CrownPoint lands construction loan for 854-unit South River self-storage project, JLL says

CrownPoint Group has closed on construction financing for a planned 854-unit self-storage facility in Middlesex County, according to a debt placement team with JLL.

Office
Deluccia: Accounting, advisory firm leases 2,100 sq. ft. at Warren office building

A full-service accounting firm has taken 2,100 square feet at a Somerset County office building, in a newly announced deal by Deluccia Commercia Group.

Industrial
March lands full-building tenant, refinances new 70,000 sq. ft. warehouse in Wayne

March Construction has filled some 70,000 square feet of new warehouse space in Wayne after a recent lease with a fast-growing importer of nuts, dried fruits, herbs and spices.

Top News
Newark Regional Business Partnership launches Real Estate Council with industry heavyweights

The Newark Regional Business Partnership, the longtime host of a signature commercial real estate event, is doubling down on its ties to the industry with a newly formed advisory group.

Finance & Capital Markets
G.S. Wilcox arranges loans totaling $25.5 million for New Jersey, Pennsylvania warehouses

The owner of a new 70,000-square-foot industrial property in Wayne has closed on $15 million in financing, in one of two newly announced deals by G.S. Wilcox & Co.