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.

Industrial
CBRE: Morgan Stanley sells fully leased 450,000 sq. ft. warehouse at Exit 8A

Morgan Stanley has sold a more than 450,000-square-foot industrial building in Monroe Township, in a newly announced deal by CBRE.

Finance & Capital Markets
Greek scores $46 million bridge loan for new 287,000 sq. ft. Philly industrial building

Greek Real Estate Partners has closed on a $46 million bridge loan for more than 287,000 square feet of newly completed industrial space in Philadelphia, the firm announced this week.

Industrial
Trade association for electricians extends 5,000 sq. ft. lease in Somerset, Sheldon Gross says

A trade group has extended its lease for a key training facility in the Somerset section of Franklin, brokers with Sheldon Gross Realty announced Wednesday.

Office
Tech firms drive 20,000 sq. ft. in leasing at two Edison office properties, NAIDB says

A technology services firm has a new home after leasing nearly 3,000 square feet at an Edison office building, in one of several recent deals in the township by NAI DiLeo-Bram & Co.

Events
Bigger and better: Atlantic Builders Convention set to return with surging attendance, sold-out exhibitor floor

The strength of New Jersey’s homebuilding industry will be on display next week at the Atlantic Builders Convention, with record participation from exhibitors and thousands slated to attend at what organizers say is a pivotal time for residential development.

Industrial
Kadima taps Gerszberg to lead newly launched industrial outdoor storage platform

Kadima Industrial Partners is leaning into the industrial outdoor storage sector with a new dedicated platform and the addition of Eitan Gerszberg as director of IOS acquisitions.

Office
Newmark Rutherford, Manhattan teams ink major White Plains office sale and financing

Investors have acquired a prominent 392,000-square-foot office building in White Plains, New York, as part of a recent deal by Newmark’s Rutherford- and Manhattan-based teams.

Industrial
Randolph, Flanders industrial buildings see 15,000 sq. ft. in leasing activity, RRNNJ says

An industrial user has taken 7,800 square feet at a recently updated building in Randolph, in the largest of three newly announced deals by Resource Realty of Northern New Jersey.

Finance & Capital Markets
G.S. Wilcox: New Jersey firm lands $18.9 million in financing for Southeast retail properties

The owner of two grocery-anchored retail properties outside New Jersey has scored a combined $18.9 million in financing for the assets, in a set of deals arranged by G.S. Wilcox & Co.

Retail
Norman’s Hallmark opens 4,900 sq. ft. Woodbridge store, expanding to coveted retail market

Norman’s Hallmark is marking its latest expansion in the Garden State, debuting a new store at the Cloverleaf Shopping Center in the Avenel section of Woodbridge.