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.

Retail
Dollar Tree signs anchor lease at Berlin shopping center, Vantage Commercial says

A new Dollar Tree will open in Camden County after signing on as the anchor tenant at what’s known as the Bloom Circle Shopping Center, brokers with Vantage Commercial announced.

Retail
Boniakowski closes sale of ex-Boston Market property in Morris County

The site of a shuttered Boston Market store in Roxbury has changed hands for an undisclosed price, in a newly announced deal by The Boniakowski Commercial Real Estate Group.

Retail
Debt fund sells 62,000 sq. ft. retail portfolio, land parcel in Voorhees for $13 million

A debt fund has sold three retail properties and an undeveloped land parcel in Voorhees for a combined $13 million, in a newly announced deal by CBRE.

Finance & Capital Markets
Walters refis 70,000 sq. ft. Barnegat shopping center for $8 million, JLL says

Walters has secured an $8.3 million loan to refinance a grocery-anchored shopping center in the Ocean County township of Barnegat, according to a debt placement team with JLL.

Residential & Mixed Use
J&L Cos. earns Fitwel certification for Fifty-Five Union, in a first for Newark rental buildings

A new 403-unit luxury apartment building in Newark’s Ironbound district has been certified by the Fitwel program, a recognition of its focus on the health and wellness of its occupants.

Industrial
BRC: Tire business inks full-building, 7,500 sq. ft. lease in Roselle

A tire recycling business has leased 7,500 square feet of industrial space in Roselle, in a newly announced deal by Bussel Realty Corp.

Residential & Mixed Use
KRE Group debuts 212-unit rental property in Bayonne, in project’s third and final phase

Kushner Real Estate Group has opened the third and final piece of a luxury multifamily development in Bayonne, adding another 212 units to the city’s fast-growing waterfront.

Residential & Mixed Use
JLL: Inspired completes $15 million land deal for 155-unit condo project in Asbury Park

Inspired by Somerset Development has closed on its purchase of a parcel in Asbury Park where it plans to build 155 high-end condominiums and retail space, brokers with JLL announced.

Professional Services
PS&S adds veteran executives in architecture, MEPF engineering amid expansion plans

PS&S has added two key executives as it continues a major expansion of its architecture, engineering, design, surveying and environmental team.

Retail
LMC: Teriyaki restaurant adds second location, takes 2,000 sq. ft. in Jersey City

Quick-service restaurant Sakura Teriyaki has leased nearly 2,000 square feet at Twin City Shopping Center in Jersey City, in a newly announced deal by Levin Management Corp.