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.

Health Care & Education
Pharma research, manufacturing site in Plainsboro sells for $7.7 million, Fennelly says

The site of a pharmaceutical research and manufacturing complex in Plainsboro has changed hands for $7.7 million, brokers with Fennelly Associates announced Wednesday.

Finance & Capital Markets
BEB Lending closes $5 million acquisition loan for Kearny industrial property

A tenant at an 87,000-square-foot industrial building in Kearny has acquired the property with the help of $5 million in financing from BEB Lending, a finance platform of BEB Capital.

Retail
Discount retailer takes 1,500 sq. ft. in Somerset, BRC says

A discount retailer has leased more than 1,500 square feet along Route 27 in the Somerset section of Franklin, in a newly announced deal by Bussel Realty Corp.

Retail
Norman’s Hallmark signs lease in Somers Point for latest South Jersey store

A new Norman’s Hallmark is coming to Atlantic County after signing a lease for more than 6,000 square feet in the city of Somers Point.

Industrial
Lee & Associates: BlackRock buys 300,000 sq. ft. Piscataway warehouse for $80 million

BlackRock Realty Advisors has purchased a nearly 300,000-square-foot industrial building in Piscataway for $80 million, in one of two deals announced by Lee & Associates New Jersey.

Industrial
STRO, KRE Group detail 205,000 sq. ft. lease with Amazon in Woodland Park

The STRO Cos. and Kushner Real Estate Group are touting a lease with Amazon at a new industrial building in Woodland Park, where the e-commerce giant operates a 205,000-square-foot same-day delivery facility.

Residential & Mixed Use
Gebroe-Hammer promotes Gehler, Philly and South Jersey metro specialist, to vice president

Gebroe-Hammer Associates has expanded its management team with the promotion of a key multifamily broker in the southern New Jersey and greater Philadelphia market.

Professional Services
Mancini Duffy extends lease, eyes growth at regional office in Millburn

Architecture and design firm Mancini Duffy has signed a seven-year lease extension at its Millburn office, as it eyes continued expansion in northern New Jersey.

Retail
RIPCO marketing retail space at Hackensack medical office building, with endcap available

A rare endcap retail space is on the market at a well-known medical office building in downtown Hackensack, according to a leasing team with RIPCO Real Estate.

Retail
Cannabis dispensary takes 2,500 sq. ft. for new West Orange location, Blau & Berg says

A new cannabis dispensary is coming to West Orange after completing a lease for 2,500 square feet, in a newly announced deal by The Blau & Berg Co.