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.

Industrial
NAI Hanson: Distributor buys 15,000 sq. ft. industrial flex building in Teterboro

A distributor of energy equipment and other products has purchased a nearly 15,000-square-foot industrial flex building in Teterboro, in a deal arranged by NAI James E. Hanson.

Retail
Hudson County cafes, eateries ink leases to expand in Jersey City, Grid Real Estate says

Three restaurants are expanding in Jersey City with a series of newly announced leases by Grid Real Estate, the brokerage firm with longstanding ties to Hudson County.

Residential & Mixed Use
Larken’s Heckman named executive vice president of multifamily operations

Larken Associates has promoted longtime team member Jessica Heckman to executive vice president of multifamily operations, the Branchburg-based firm said Tuesday.

Top News
Regeneron taps JLL to market ex-Avon research campus in Suffern for sale, lease

Regeneron is seeking a buyer or tenant for a well-known, 235,000-square-foot research and development campus just north of Bergen County, according to a listing team with JLL.

Finance & Capital Markets
Arrow: Owner of 264,000 sq. ft. North Brunswick warehouse inks $34 million permanent loan

A developer has secured a $33.5 million permanent loan for some 264,000 square feet of industrial space in North Brunswick, in a deal arranged by Arrow Real Estate Advisors.

Finance & Capital Markets
Legacy owner scores $296 million loan for 1,880-unit New Jersey apartment portfolio

The owner of nearly 1,900 garden-style apartments in northern and central New Jersey has closed on $296 million in financing for the portfolio, brokers with JLL announced.

Retail
Café, restaurant expands to Fairfield with new 3,400 sq. ft. lease, RIPCO says

A café is expanding from central to northern New Jersey after taking space at a newly built shopping center in Fairfield, according to brokers with RIPCO Real Estate.

Events
Morris Arts Commercial Real Estate Breakfast coming to Sanofi office in Morristown

An annual event hosted by Morris Arts is returning to Morristown’s landmark M Station campus, in a program that will once again highlight real estate development through an artistic lens.

Retail
Morristown-based JLL team lists grocery-anchored retail center in Connecticut for sale

The owner of a grocery-anchored shopping center in southwest Connecticut has tapped JLL’s Morristown-based capital markets team to sell the property.

Finance & Capital Markets
JLL: ‘Vintage City’ team lands $83 million debt, mezzanine deal for 258-unit Elizabeth project

A development team has secured more than $83 million in capital to build 258 new luxury apartments in Elizabeth, in the second phase of a project that has won widespread acclaim.