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.

Retail
Prism inks deals with Blue Foundry, Kessler as first retail tenants at Dunellen project

Prism Capital Partners has secured its first two retail tenants at a new mixed-use development in the Middlesex County borough of Dunellen.

Residential & Mixed Use
Developers join Murphy, Oliver to launch $500 million redevelopment in East Orange

An investment group has broken ground on what’s billed as a $500 million development project in East Orange, where plans call for 820 mixed-income apartments and more than 200,000 square feet of commercial space anchored by a new supermarket.

Residential & Mixed Use
Investors reap $30 million from sale of 89-unit Marlboro senior housing property

A joint venture has sold an 89-unit, age-restricted apartment complex in Monmouth County for nearly $30 million, in a newly announced deal by JLL.

Office
C&W: Chopp sells 123,000 sq. ft. office, medical campus in Wayne for $22 million

Chopp Holdings has sold a nearly 123,000-square-foot commercial and medical office campus in Wayne for $22.25 million, brokers with Cushman & Wakefield announced Monday.

Finance & Capital Markets
New Vernon Equities lands $15 million loan for new 76,000 sq. ft. East Hanover facility

The developer of a nearly 76,000-square-foot industrial building in East Hanover has secured $15 million in permanent financing, according to a debt placement team with JLL.

Residential & Mixed Use
Blue Onyx adds senior vice president of development, acquisitions

Commercial real estate firm Blue Onyx Cos. has named a new senior vice president of development and acquisitions, tapping a veteran industry executive for the post.

Office
Bell Works team inks six new office leases, five renewals at Holmdel property

Six companies have signed new leases for office space at Bell Works, while another five tenants have renewed or expanded at the sprawling campus in Holmdel.

Retail
Goldstein Group: Clothing shop expands to New Jersey, takes 4,000 sq. ft. in Manalapan

Three new tenants are coming to a Manalapan strip center after leasing a combined 9,100 square feet at the property, according to brokers with The Goldstein Group.

Community
Larken Associates volunteer team returns from latest home-building mission in Guatemala

Employees of Larken Associates have completed their latest volunteer trip to Guatemala as part of an ongoing effort to provide sustainable housing and education in the country.

Industrial
Terreno sells Somerset industrial building for $25 million, nearly tripling purchase price

Terreno Realty Corp. has sold an 86,000-square-foot industrial building in the Somerset section of Franklin for $25 million, nearly tripling the price it paid for the property in 2016.