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.

Residential & Mixed Use
Hartz set to welcome first residents to final Lincoln Harbor residential building

Hartz Mountain Industries is opening the doors to a collection of 218 upscale apartments and amenity spaces that make up the final piece of its iconic Lincoln Harbor district in Weehawken.

Featured
QCRE: Newark warehouse sells for $1.2 million, with buyer set to move from Brooklyn

An industrial user is relocating to Newark after acquiring an 8,400-square-foot warehouse in the city, according to a brokerage team with The Quinas Companies Inc.

Residential & Mixed Use
Larken wins nine awards, including eight for Readington project, in Metro BCA event

Larken Associates has won high praise from the Metropolitan Builders and Contractors Association of New Jersey, earning nine awards from organization for a new luxury apartment complex in Readington and for its ongoing philanthropy.

Technology
SJP breaks ground on 370,000 sq. ft. research, office building for Nokia Bell Labs at New Brunswick’s HELIX campus

SJP Properties has started construction on the 10-story, 370,000-square-foot research and office tower in downtown New Brunswick that will house Nokia Bell Labs and mark the second phase of the master-planned Health + Life Science Exchange district.

Industrial
CenterPoint adds 388,000 sq. ft. at Exit 12 with two-building industrial deal in Avenel

CenterPoint Properties has acquired two industrial buildings in the Avenel section of Woodbridge, adding nearly 388,000 square feet to its portfolio in the region.

Residential & Mixed Use
Viking Residential debuts 304-unit luxury rental project in Lumberton

Viking Residential has unveiled more than 300 new apartments in Lumberton, part of a long-awaited project that includes market-rate and affordable homes across a range of product types.

Retail
FNRP adds 41,000 sq. ft. retail center in Gloucester Township

First National Realty Partners has acquired a nearly 41,000-square-foot shopping center in suburban Camden County, the Red Bank-based firm announced this week.

Professional Services
Cervelli promotes Negron to director of property management

Cervelli Real Estate & Property Management has promoted Veronica Negron to director of property management, the North Bergen-based firm announced last week.

Top News
Zimmel named leasing agent for Somerset, Ewing commercial properties

The owner of 235,000 square feet of commercial space in Somerset and Mercer counties has tapped Zimmel Associates as its leasing team for the properties.

Finance & Capital Markets
Newmark: Kushner lands $515 million refi for first phase of ‘The Journal’ in Jersey City

Kushner has secured a $515 million loan from Blackstone for the 966-unit first phase of The Journal, its high-profile multifamily project in Jersey City’s booming Journal Square district.