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.

Finance & Capital Markets
Kennedy Funding inks $2.75 million land loan for 420-unit Kansas City rental project

Kennedy Funding has closed a $2.75 million land loan for a 420-unit multifamily project in Kansas City, Missouri, the Englewood-based firm announced Wednesday.

Retail
Boutique fitness chains are on the rise, providing a new source of demand for retail landlords

When it comes to fitness tenants, think smaller. That’s the mindset at shopping centers and downtown locations throughout New Jersey, as specialty fitness studios are increasingly finding favor with owners and customers.

Professional Services
Procida’s Weissman named president of Builders Association of Northern New Jersey

The Builders Association of Northern New Jersey has appointed Derek Weissman of Procida Funding as its new board president.

Residential & Mixed Use
Marcus: North Bergen apartment, retail building trades for $2 million

A local investor has sold an 8,100-square-foot apartment and retail building in North Bergen for $2 million, brokers with Marcus & Millichap announced Tuesday.

Industrial
BRC: Food distributor, flooring business complete trade of 7,200 sq. ft. Belleville warehouse

A specialty foods distributor has sold more than 7,000 square feet of industrial space in Belleville, in a newly announced deal by Bussel Realty Corp.

Retail
Three tenants sign leases at new 8,200 sq. ft. retail center in Warren, CBRE says

Signature Acquisitions has leased up nearly 8,200 square feet of new retail space near Interstate 78 in Warren, in a series of transactions arranged by CBRE.

Health Care & Education
Landmark Healthcare taps Lee & Associates to lease Elizabeth, Pemberton buildings

The owner of a two-building medical office portfolio in Union and Burlington counties has tapped Lee & Associates New Jersey as its leasing agent for the properties.

Retail
Ivy Rehab, Poke Bros coming to Hamilton Plaza in two latest LMC-brokered deals

A physical therapy chain and a poké bowl shop are coming to a grocery-anchored retail center in Hamilton, according to a leasing team with Levin Management Corp.

Industrial
Profeta lands approvals for 1.1 million sq. ft. industrial project at New Jersey Turnpike Exit 8

PVP Exit 8 LLC, an affiliate of Paul V. Profeta & Associates Inc., has secured approvals to build 1.1 million square feet of new industrial space adjacent to the New Jersey Turnpike in East Windsor, capitalizing on a site that is a 45-second drive from the highway’s northbound lanes.

Industrial
Donnelly unveils 26,000 sq. ft. warehouse in Wayne leased to cold storage user

Donnelly Construction has completed a nearly 26,000-square-foot warehouse in Wayne with a tenant in hand, in the first of two new buildings at a development site near Route 23.