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.

Community
NJIT honors Profeta, real estate investor and RENJ publisher, for years of philanthropy

The New Jersey Institute of Technology has honored Paul V. Profeta, a longtime real estate investor and publisher of Real Estate NJ, with its Special Friend to the University award as part of its annual celebration and fundraising gala.

Industrial
Seagis acquires vacant 30,000 sq. ft. warehouse in Carlstadt

Seagis Property Group has acquired more than 30,000 square feet of warehouse space in Carlstadt that it now plans to upgrade and market for lease, the firm announced.

Retail
Deals by ShopRite Liquors, dentist among new RIPCO-brokered leases in Lodi

ShopRite Liquors has leased 5,000 square feet in downtown Lodi, in one of three newly announced deals in the borough by RIPCO Real Estate.

Residential & Mixed Use
CBRE: First piece of NRIA portfolio trades as Hoboken development site fetches $8.5 million

A private investor has acquired a multifamily development site in Hoboken, marking the first trade involving the portfolio of the disgraced firm National Realty Investment Advisors LLC.

Industrial
Endurance, PCCP sell 342,000 sq. ft. light industrial portfolio in Burlington, Gloucester counties

A joint venture has sold more than 340,000 square feet of industrial space in Delran and Swedesboro after having acquired the buildings at the start of the COVID-19 crisis.

Finance & Capital Markets
Roxbury Mall owner refis 700,000 sq. ft. power center, JLL says

The owner of the 700,0000-square-foot, grocery-anchored Roxbury Mall in Morris County has refinanced the property, according to a debt placement team with JLL.

Professional Services
Rock Brook touts ACEC award for engineering excellence at iconic Natirar estate in Somerset

Engineers with Rock Brook have earned high honors for their role in the transformation of the historic Natirar estate in Somerset County into a luxury resort and hospitality venue.

Retail
Aldo, Dream Pairs join lineup at Urban Edge Properties’ Bergen Town Center

Urban Edge Properties has added two footwear retailers to its tenant mix at Bergen Town Center, its 1 million-square-foot mall property just south of Route 4.

Retail
LMC: Nothing Bundt Cakes takes 2,500 sq. ft. at Howell shopping center

The nation’s largest specialty cake company is coming to Howell after leasing space at a Route 9 shopping center, in a newly announced deal by Levin Management Corp.

Community
Sanzari Family Foundation details $50,000 in fall grant funding for nonprofits, health care

The Alfred N. Sanzari Family Foundation has awarded 12 new grants totaling $50,000 that will support a series of community-focused programs throughout northern New Jersey.