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.

Office
Brennan rejoins Cushman as managing director in New Jersey

Industry veteran Kim Brennan has returned to Cushman & Wakefield, where she will focus on business development in the office and corporate real estate sectors.

Industrial
Linden industrial park fully leased after 58,000 sq. ft. deal by tire company, BRC says

A tire company has found a new facility in Linden after leasing more than 58,000 square feet at a seven-building industrial complex, brokers with Bussel Realty Corp. said Tuesday.

Retail
Larken inks 1,700 sq. ft. lease to bring yoga, fitness studio to mixed-use Hillsborough site

A yoga and fitness studio is coming to Larken Associates’ new mixed-use Hillsborough Village Center property along Route 206 in the township, the developer announced Tuesday.

Finance & Capital Markets
JLL sources $17.5 million loan to refi 218,000 sq. ft. White Plains office campus

The owner of two office buildings in New York’s Westchester County has refinanced the assets for $17.5 million, in a deal arranged by JLL’s Morristown-based capital markets team.

Hospitality & Tourism
Weiss unveils plan for Cipriani-inspired venue at historic bank building in New Brunswick

A historic bank building in downtown New Brunswick could soon be reborn as a high-end dining and events venue in the mold of Cipriani’s iconic locations in New York City.

Office
Hx2, JLL detail plans for 100,000 sq. ft. life sciences facility at Trenton’s Roebling Center

A developer has unveiled its plan for a 100,000-square-foot life sciences facility in Trenton as part of its ongoing adaptive reuse of the historic Roebling Center factory complex.

Retail
Operator buys Route 17 restaurant site in Ramsey, Goldstein Group says

A restaurant group has purchased a nearly 15,000-square-foot property on Route 17 in Ramsey, in a newly announced deal by The Goldstein Group.

Professional Services
Three NAI Hanson brokers honored by Meadowlands Chamber as Emerging Leaders

The Meadowlands Chamber has recognized three brokers with NAI James E. Hanson as part of its recent Emerging Leaders program, the real estate services firm announced.

Industrial
Progress Realty, Commerce Park investors buy 143,000 sq. ft. Pennsylvania flex portfolio

Two New Jersey-based firms have partnered to acquire a 10-building, 143,000-square-foot industrial flex portfolio in Central Pennsylvania, in a deal valued at nearly $12 million.

Finance & Capital Markets
Kennedy Funding lends $1 million for single-family housing development in Delaware

Kennedy Funding has closed a $1 million bridge loan for a single-family residential development in southern Delaware, the Englewood Cliffs-based firm announced Monday.