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
Developers ink $58 million refi of 240-unit Journal Square rental building, JLL says

The owners of a six-year-old, 240-unit luxury apartment building in Jersey City have closed on $58 million in financing for the property, according to a debt placement team with JLL.

Industrial
Marcus Partners acquires 89,000 sq. ft. Piscataway industrial building

Marcus Partners has added nearly 90,000 square feet to its New Jersey industrial portfolio with its purchase of a newly renovated property in Piscataway.

Health Care & Education
Azarian touts new health care leases at North Brunswick, Woodbridge shopping centers

A new physical therapy practice has leased nearly 1,200 square feet at The Shoppes at North Brunswick, in one of two newly announced deals by Azarian Realty Co.

Office
Exchange Place Alliance opens new office in downtown Jersey City

The influential Exchange Place Alliance has unveiled its new 900-square-foot office at the border of two key neighborhoods in downtown Jersey City.

Industrial
Rockefeller: New 655,000 sq. ft. logistics center rising at ex-paper mill site in Spotswood

The transformation of a historic industrial site in Spotswood is taking shape, in a project that will bring some 650,000 square feet of new logistics space to the small Middlesex County borough.

Finance & Capital Markets
BLT lands $257 million Greystone loan for The Beacon in Jersey City, C&W says

The owner of the nearly 1,200-unit apartment complex known as The Beacon in Jersey City has snagged more than $257 million in financing, brokers with Cushman & Wakefield announced.

Hospitality & Tourism
Borgata’s Water Club to become MGM Tower under $55 million redesign, rebrand

Borgata Hotel Casino & Spa has kicked off a $55 million redesign and rebranding of the tower long known as The Water Club, with plans to deliver more than 700 renovated guestrooms and a new collection of high-end suites with wraparound views of Atlantic City.

Finance & Capital Markets
Progress sources $61 million acquisition loan for Vision Properties deal in Northern Virginia

An investor has secured more than $60 million in acquisition financing for a 270,000-square-foot office building in Northern Virginia, in a deal arranged by Progress Capital.

Finance & Capital Markets
Developer of 203-unit Newark rental tower inks $50 million construction loan, FM Capital says

A developer has secured nearly $50 million in financing for a planned 203-unit apartment building in Newark’s University Heights section, in a deal arranged by FM Capital.

Industrial
D4 Properties eyes new 275,000 sq. ft. industrial development in Warren County

D4 Properties has unveiled a proposal to bring nearly 275,000 square feet of new industrial space to a stretch of Interstate 78 in southwest Warren County.