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
G.S. Wilcox closes $16.3 million in loans for Piscataway warehouse, Long Island retail center

The owner of more than 30,000 square feet of new industrial space in Piscataway has landed $5.7 million in financing, in one of two newly announced deals by G.S. Wilcox & Co.

Industrial
South Hackensack industrial space trades for second time in three years, NAI Hanson says

An electrical contractor has purchased a 5,300-square-foot industrial building in South Hackensack, in a newly announced deal by NAI James E. Hanson.

Industrial
Ridgecut, Luzern acquire low-coverage 3.4-acre truck repair property in Aberdeen

Real estate investment firm Ridgecut Road has added to its fast-growing portfolio, acquiring a 3.4-acre industrial property in Monmouth County under a joint venture with Luzern Associates.

Industrial
STRO, KRE Group enter Southeast with Florida industrial deals totaling 136,000 sq. ft.

The STRO Cos. and Kushner Real Estate Group have announced two new acquisitions in Florida, adding more than 136,000 square feet to their industrial holdings outside New Jersey.

Top News
Parking at multifamily properties is overbuilt, Rutgers study finds, highlighting need for new state guidelines

Demand for parking at multifamily properties in New Jersey is well below what state guidelines require, according to a newly released study by the Rutgers Center for Real Estate, highlighting the potential to reduce construction costs, improve housing affordability and soften the environmental impact of new development by easing state mandates.

Government & Public Policy
City, state officials break ground on highly touted pedestrian bridge to link Newark’s downtown, Ironbound section

Construction is set to begin on a long-awaited pedestrian bridge that will connect downtown Newark to the city’s acclaimed Ironbound neighborhood, helping to spark new development and create additional access to both Newark Penn Station and the Prudential Center.

Industrial
CrownPoint, Lamar detail plans for 1,200-unit self-storage facility in Newark’s Ironbound

CrownPoint Group and Lamar Cos. are set to build a new 135,000-square-foot self-storage facility in Newark after acquiring a one-acre parcel in the city’s Ironbound section.

Retail
Halal smokehouse, H&R Block sign leases at North Brunswick shopping center, LMC says

Two new tenants are coming to a North Brunswick shopping center after leasing a combined 4,750 square feet at the property, agents with Levin Management Corp. announced Tuesday.

Office
Joint venture picks C&W as leasing team for 228,000 sq. ft. Florham Park office building

Vision Properties and The Birch Group have tapped Cushman & Wakefield as their leasing agent for nearly 230,000 square feet of office space at The Green at Florham Park.

Office
Developer acquires 240,000 sq. ft. Trenton office tower, eyes conversion to multifamily

The buyer of a 240,000-square-foot office building in downtown Trenton has secured a $4.5 million acquisition loan, in a deal arranged by Maverick Commercial Mortgage Inc.