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
Wonder Restaurants expands with 2,800 sq. ft. deal in Springfield, Goldstein Group says

Wonder Restaurants has expanded its brick-and-mortar footprint in the state with a new 2,800-square-foot lease in Springfield, in a deal arranged by The Goldstein Group.

Finance & Capital Markets
Starfield-led team lands $80 million construction loan for Asbury Park rental project, JLL says

A joint venture has snagged an $80 million construction loan for a project that will bring 226 luxury apartments and townhomes to Asbury Park’s waterfront redevelopment zone.

Events
High-profile speaker list grows for Rutgers symposium, case study on distressed assets

The next Rutgers Center for Real Estate symposium is only weeks away, with a fast-growing list of speakers who will share their insights on tackling distressed commercial real estate.

Health Care & Education
Prism touts construction progress as steel rises for new HMH medical facility at ON3

A new 80,000-square-foot ambulatory care center is rising in Clifton as part of what will be another addition to Prism Capital Partners’ mixed-use ON3 campus.

Retail
C&W: 22,000 sq. ft. River Edge retail center trades for $3.2 million

An investor has acquired a nearly 22,000-square-foot retail property in the Bergen County borough of River Edge, in a newly announced deal by Cushman & Wakefield.

Finance & Capital Markets
Mesa West, Bridge Industrial close $54 million loan for South Brunswick industrial project

Bridge Industrial is nearing completion of some 292,000 square feet of new industrial space in South Brunswick after securing nearly $54 million in construction financing.

Industrial
Report: TJX leasing 1.3 million sq. ft. at Kingsland Meadowlands industrial park

The parent of T.J. Maxx, HomeGoods and Marshalls has leased nearly 1.3 million square feet of industrial space in the Meadowlands, marking the first deal at a massive campus being built by Russo Development and Forsgate Industrial Partners.

Finance & Capital Markets
SCALE, Namdar close $243 million in loans for Journal Square apartment projects

SCALE Lending has doubled down on Namdar Group’s development pipeline in Jersey City, providing another $243 million in financing for projects with a combined 811 apartments.

Residential & Mixed Use
Investors buy 80-unit apartment complex in Orange for $13.8 million, Kislak says

An investment group has purchased an 80-unit garden apartment complex in Orange for nearly $14 million, in a newly announced deal by The Kislak Co. Inc.

Office
JLL: Meisel Tuteur & Lewis PC leases 22,000 sq. ft. for new Roseland office

Accounting and consulting firm Meisel Tuteur & Lewis PC has found a new home in Roseland after signing a 22,000-square-foot office lease, brokers with JLL announced.