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
Connors completes sale of 20,000 sq. ft. North Bergen warehouse

A private buyer has closed on a 20,000-square-foot industrial property in North Bergen, according to a broker with The William F. Connors Agency.

Finance & Capital Markets
G.S. Wilcox sources $10.7 million loan for Long Island grocery store property

The owner of a 70,000-square-foot supermarket property in New York’s Suffolk County has secured $10.7 million in financing, in a deal arranged by G.S. Wilcox & Co.

Office
Deugen, Greenwood plan new retail and office space at historic Montclair warehouse

A joint venture is set to restore and repurpose a historic warehouse in Montclair, with plans to bring new retail and creative office space to the municipality’s acclaimed downtown.

Finance & Capital Markets
Procida’s 100 Mile Fund grows to $200 million, cracks $1 billion in originations

A fund led by real estate industry veteran Billy Procida has doubled in size to $200 million, in a move that comes as it marks more than $1 billion in originations since its founding in 2011.

Retail
KenKap: Mixed-use Elizabeth property trades for $3.7 million

A buyer has paid $3.7 million for a 37,000-square-foot mixed-use property in Elizabeth, under a newly completed transaction by KenKap Realty Corp.

Office
Biopharma firm takes 2,300 sq. ft. in Millburn, in Midtown Commercial-brokered deal

A biopharmaceutical firm has signed a 2,300-square-foot office lease in Millburn, in a deal arranged by brokers with Midtown Commercial Realty.

Retail
Bordentown auto repair building sells for $2.2 million, Fennelly says

NAI Fennelly has negotiated the sale of a 6,400-square-foot auto repair building on Route 206 in Bordentown for $2.175 million.

Health Care & Education
Behavioral health agency picks Plainsboro for latest location, Vantage Commercial says

A behavioral health agency is expanding to Central Jersey, having leased more than 7,000 square feet at the well-known Princeton Forrestal Village campus.

Industrial
Elberon, Avidan sell 139,000 sq. ft. freezer warehouse in Elizabeth

The developers of a nearly 140,000-square-foot freezer warehouse and food distribution facility in Elizabeth have sold the property, brokers with JLL announced Thursday.

Office
Colliers: Health, wellness ingredients maker expands to 17,000 sq. ft. in Morristown

A health and wellness company has extended and expanded its lease at Morristown’s Headquarters Plaza, where brokers say it will now occupy nearly 17,000 square feet.