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.

Office
AEP, Valley Health ink 23,000 sq. ft. office lease in Paramus, C&W says

American Equity Partners has signed a deal to bring a new health care tenant to a nearly 120,000-square-foot office building in Paramus, brokers with Cushman & Wakefield said.

Finance & Capital Markets
Wilcox sources $10 million permanent loan for Russo rental property in Union Twp.

Russo Development has secured $10 million in permanent financing for a two-building, 88-unit multifamily property in Union Township, in a transaction arranged by G.S. Wilcox & Co.

Retail
Café, dentist coming to retail space at new Denholtz apartment building in Red Bank

Two new commercial tenants are coming to Denholtz Properties’ recently delivered, ground-up development in Red Bank’s West Side neighborhood, the firm announced Thursday.

Retail
Vantage Commercial: Miracle-Ear leases final space at Cherry Hill retail center

A hearing aid company has taken the last available unit at a Cherry Hill shopping center, in a newly announced transaction by Vantage Commercial.

Residential & Mixed Use
East Orange development site slated for 113 units sells for $4.15 million

A developer has sold a parcel in East Orange with approvals in place to build 113 market-rate apartments, in a newly announced deal by CBRE.

Industrial
Logistics firm leases 253,000 sq. ft. at Gloucester County industrial building

A warehouse and trucking company has taken more than 250,000 square feet of modern industrial space in Gloucester County, brokers with CBRE announced Wednesday.

Residential & Mixed Use
Weiss plans groundbreaking for newly approved, 240-unit rental project in Delran

Weiss Properties has secured local approvals to build 240 new luxury apartments in the Burlington County township of Delran, the firm announced Wednesday.

Residential & Mixed Use
Gebroe-Hammer: Two-building, 94-unit East Orange rental portfolio fetches $12 million

A private investor has purchased two East Orange apartment buildings with a combined 94 units for $11.9 million, according to a brokerage team with Gebroe-Hammer Associates.

Retail
Pierson promotes longtime team members Medvin, Starkman

Pierson Commercial has announced the promotion of two longtime members of its retail brokerage team.

Residential & Mixed Use
Kislak inks sale of mixed-use buildings in Asbury Park, Long Branch for $3.6 million

Two mixed-use buildings in Monmouth County have changed hands for a combined $3.6 million, in a set of newly announced deals by The Kislak Co. Inc.