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
CBRE: Faropoint buys Florham Park facility, trophy maker’s longtime home, for $9.3 million

Faropoint has acquired a nearly 51,000-square-foot production and warehouse facility in Florham Park for $9.25 million, brokers with CBRE announced this week.

Finance & Capital Markets
CBRE: New 200-unit Monmouth rental project lands $40 million permanent loan

The owner of a newly built luxury apartment property in Monmouth County has secured $40 million in permanent financing, in a deal arranged by CBRE.

Residential & Mixed Use
CrownPoint, Crossroads break ground on 125-unit, townhome-style project in Randolph

Construction is underway on what will be a collection of 125 townhomes and apartments in Randolph, in a project that will add to the stock of new rental housing in Morris County.

Office
C&W: Mountain Development sells 30,000 sq. ft. JURA headquarters building in Montvale

Mountain Development Corp. has sold a nearly 30,000-square-foot flex office building in Montvale for $5.75 million, in a newly announced deal by Cushman & Wakefield.

Industrial
Denholtz acquires 104,000 sq. ft. South Carolina industrial park to expand Southeast presence

Denholtz has purchased a nearly 104,000-square-foot flex industrial park in South Carolina, marking the latest addition to its fast-growing portfolio in the Southeast.

Retail
Preowned electronics store PayMore opens in Paramus, Goldstein Group says

A chain of preowned electronics stores has arrived in Paramus after a recent lease arranged by The Goldstein Group, the brokerage team announced Monday.

Retail
Domino’s franchise takes 1,300 sq. ft. in Ringwood, Christie’s Commercial says

A new Domino’s is opening at a Passaic County shopping center after a lease arranged by Christie’s Commercial Real Estate, the brokerage firm said last week.

Residential & Mixed Use
Accordia closes on West Caldwell site after landing approvals for 92-unit rental project

Accordia has secured final site plan approval from local officials for a project that will bring 92 luxury apartments to West Caldwell.

Events
The road ahead for industrial: Join us Sept. 10 as we discuss the state of logistics, cold storage and more

Hear the latest in development, tenant demand and other trends in warehouse and logistics space.

Government & Public Policy
NJBA hosts record-setting fundraiser for PAC as annual ‘Summer Soiree’ returns

The strength of the New Jersey Builders Association was on display last week as the organization hosted a record-setting fundraiser for its influential political action committee.