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
AutoZone site in Gloucester County fetches $4.8 million, Marcus says

A private investor has sold the site of a nearly 15,000-square-foot AutoZone store in Gloucester County for $4.8 million, in a newly announced deal by Marcus & Millichap.

Health Care
Atkins lands new property management assignments in five-building deal with Rothman

Atkins Cos. has expanded its property management portfolio with a five-building, 150,000-square-foot assignment on behalf of Rothman Orthopaedics.

Retail
Longtime client taps LMC to manage North Brunswick, Edison retail properties

Levin Management Corp. has picked up two new assignments in Central Jersey, expanding its relationship with a longtime client and shopping center owner in the region.

Finance & Capital Markets
CBRE: Blackstone 360 lands $60 million permanent loan for 213-unit East Orange high-rise

Blackstone 360 has closed on $60 million in permanent financing for a new 213-unit luxury apartment tower in East Orange, in a deal arranged by CBRE.

Industrial
Denholtz buys 133,000 sq. ft. Indianapolis industrial park in latest out-of-state deal

Denholtz has made another addition to its holdings outside New Jersey, acquiring more than 133,000 square feet of industrial space as part of a shallow-bay portfolio in Indianapolis.

Retail
PREIT touts new store openings, leasing momentum at Cherry Hill Mall

PREIT is continuing its update of its flagship Cherry Hill Mall, announcing the debut of four retail and dining tenants and a newly signed lease with another well-known brand.

Residential & Mixed Use
Reynolds unveils property management platform for growing multifamily holdings

Reynolds Asset Management has launched a property management arm to support its fast-growing portfolio of apartments in the Garden State and beyond.

Industrial
Weiss Realty picked for gov’t fast-track program for potential data center project in Illinois

Moonachie-based Weiss Realty has taken a key step toward redeveloping a site nearly 900 miles away, where it hopes to tap into the booming demand for new data center construction.

Residential & Mixed Use
Equity Residential sells 301-unit Hoboken rental property as part of $400 million portfolio deal

Equity Residential has sold a 301-unit apartment building in Hoboken as part of a reported three-state, three-property portfolio sale with a Los Angeles-based buyer.

Finance & Capital Markets
Walters Group lands $20.5 million refi loan for Jersey Shore shopping center, JLL says

The Walters Group has refinanced a nearly 141,000-square-foot shopping center in Ocean County for $20.5 million, in a newly announced transaction by JLL.