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
HSF inks $53 million construction loan for 135-unit North Bergen rental project

The developer of a new 10-story, 135-unit luxury apartment building in North Bergen has secured nearly $53 million in financing from HALL Structured Finance.

Retail
Larken signs 1,400 sq. ft. lease, adds performing arts studio to Hillsborough shopping center

Larken Associates has leased more than 1,400 square feet in Hillsborough to a South Asian performing arts studio, the commercial real estate firm said Tuesday.

Events
Private Lender Law touts new speakers, networking options at top industry conference

Organizers of the country’s largest private lending conference have unveiled a slate of changes and key additions to this year’s program, including a presentation by the forensic accounting investigator who uncovered Bernie Madoff’s Ponzi scheme.

Office
Sanofi coming to Morristown in 260,000 sq. ft. lease at M Station

Pharmaceutical giant Sanofi is moving its New Jersey team to Morristown, where it will occupy 260,000 square feet of new ground-up office space built by SJP Properties and Scotto Properties.

Health Care & Education
Savills: Contract drug maker takes 60,000 sq. ft., doubles footprint at EDA campus on Route 1

A specialty pharmaceutical maker has more than doubled its footprint at a state-owned campus in North Brunswick, where it’s set to occupy nearly 60,000 square feet across a full building.

Professional Services
Retail brokers Townes, Friedman join JLL

JLL has added two veteran brokers to help bolster and lead its New Jersey retail team.

Office
Adoni buys 217,000 sq. ft. Basking Ridge office complex, C&W says

Adoni Property Group has acquired a nearly 217,000-square-foot office complex in Somerset County, with plans to add amenities to help lure new tenants to the property.

Retail
Marcus: Net-leased QuickChek gas, convenience store in Somerset trades for $7 million

A developer has sold the site of a net-leased QuickChek gas station and convenience store in Franklin Township for more than $7 million, in a deal arranged by Marcus & Millichap.

Retail
French bakery business takes 2,600 sq. ft. in Somerville, in Deluccia-brokered deal

A growing bakery chain has leased nearly 2,600 square feet in downtown Somerville, in a newly announced deal by Deluccia Commercial Group.

Residential & Mixed Use
Jersey City public housing complex to be rebuilt with 631 affordable, market-rate units

More than 600 new apartments and condominiums are coming to the site of an 80-year-old public housing complex in Jersey City, officials said, under a plan that would include both lower-income and market-rate units and a new branch of the city’s public library.