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
Greystone, Tryko close $22 million refi of 101-unit affordable housing complex in Carteret

Greystone has provided a nearly $22 million loan to refinance a 10-building, 101-unit affordable housing property in Carteret.

Retail
UPS adds six stores in northern, central New Jersey with 10,000 sq. ft. in leases, RIPCO says

The UPS Store has expanded its footprint in New Jersey in recent months with six new leases totaling more than 10,000 square feet, in a series of deals arranged by RIPCO Real Estate.

Residential & Mixed Use
JLL: Buyer wanted for new 350-unit luxury rental tower in Jersey City

A newly built, 350-unit apartment tower in one of Jersey City’s fast-growing neighborhoods is on the market for sale, under a newly announced offering by JLL.

Office
Eastman, RWJBarnabas ink 12,000 sq. ft. office lease in Livingston, CBRE says

Eastman Cos. and RWJBarnabas Health have signed a long-term lease for nearly 12,000 square feet of office space in Livingston, brokers with CBRE announced Monday.

Retail
Marcus: Site of shuttered diner in Lyndhurst sells for $2.9 million

The site of the shuttered Lyndhurst Diner at the western edge of the township has traded for $2.9 million, in a transaction arranged by Marcus & Millichap.

Health Care & Education
Rutgers Center for Real Estate adds Dynamic Engineering as corporate sponsor

The Rutgers Center for Real Estate has welcomed Dynamic Engineering Consultants PC as its newest corporate sponsor.

Industrial
BRC: Construction tech firm enters New Jersey with 12,000 sq. ft. lease in South Plainfield

A construction technology firm has signed a full-building, 11,500-square-foot industrial lease in South Plainfield, in a newly announced deal by Bussel Realty Corp.

Industrial
Hilco taps JLL’s Northeast industrial team for 1,300-acre logistics, innovation park in Philly

The firm behind what will be a massive logistics and innovation campus in Philadelphia has tapped JLL as its leasing agent for the site, including a first phase that will create more than 1 million square feet of high-end warehouse and distribution space.

Industrial
NAIDB: Service Truck Tire Center buys 67,000 sq. ft. Linden facility for $21 million

A commercial tire business has acquired a nearly 70,000-square-foot industrial building in Linden for $21 million, in a newly announced deal by NAI DiLeo-Bram & Co.

Residential & Mixed Use
CrownPoint eyes 125-unit rental project after closing on Randolph development parcel

CrownPoint Group has acquired a nearly 15-acre development site in Randolph that is fully approved for 125 upscale apartments and townhomes.