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.

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Rock Brook supports leukemia, lymphoma research in ‘Big Climb’ event at One Gateway

The state’s commercial real estate industry turned out last week at the new-look One Gateway Center in Newark, the host of the annual Big Climb event, helping to raise more than $58,000 in support of The Leukemia & Lymphoma Society.

Retail
JLL inks sale of 395,000 sq. ft. ShopRite-anchored retail center in Suffolk County

A nine-building, grocery-anchored retail center spanning nearly 400,000 square feet has changed hands on Long Island, in a deal arranged by JLL’s Morristown-based capital markets team.

Residential & Mixed Use
Jersey City’s Newport expands public amenities with new lighthouse, green space

LeFrak has unveiled a new lighthouse and park space along the Hudson River in Jersey City, marking the latest public amenity in the acclaimed Newport neighborhood.

Editor’s Note
Supply search

Our April edition highlights the ongoing demand from established pharmaceutical firms, startups and a growing pool of international users for high-quality, turnkey laboratory and manufacturing space in New Jersey — and the opportunity for landlords that can provide it.

Industrial
Rockefeller Group building new 147,000 sq. ft. distribution center in Piscataway

Rockefeller Group has kicked off its second industrial project in Piscataway, with plans to build a new 147,000-square-foot distribution center about a mile from Interstate 287.

Residential & Mixed Use
NRP starts construction on 401-unit rental project near Liberty State Park in Jersey City

The NRP Group has broken ground on what will be more than 400 new apartments just west of Liberty National Golf Course in Jersey City, the Cleveland-based firm announced Tuesday.

Finance & Capital Markets
Urban Edge refis Bergen Town Center for $290 million, JLL says

Urban Edge Properties has secured $290 million to refinance its 1 million-square-foot Bergen Town Center in Paramus and Maywood, in a newly announced deal by JLL.

Industrial
Faropoint inks $28 million sale-leaseback for 114,000 sq. ft. Ridgefield industrial portfolio

Real estate investment firm Faropoint has purchased two industrial buildings in Ridgefield, adding nearly 114,000 square feet in a sale-leaseback deal valued at $28.3 million.

Residential & Mixed Use
Inspired breaks ground on 22 apartments at ex-coffee house site in Long Branch

Inspired by Somerset Development has started construction on a project that will bring new apartments and retail space to the former site of a famed coffee house in Long Branch.

Professional Services
Marcus & Millichap promotes Matricaria to senior associate

Marcus & Millichap has announced the promotion of a standout broker and multifamily investment specialist in its New Jersey office.