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.

Finance & Capital Markets
Bridge Industrial inks $33 million construction loan for East Hanover project, JLL says

Bridge Industrial has obtained a $33 million construction loan for a project that will bring more than 300,000 square feet of new warehouse space to Morris County.

Government & Public Policy
Jersey City: Loew’s Theatre restoration lands $42 million tax credit to kick off EDA program

The state has awarded more than $42 million in tax credits to a plan to restore an iconic theater in Jersey City, the first approval under the new Historic Property Reinvestment Program.

Industrial
Seagis adds two-building, 19,000 sq. ft. Moonachie industrial portfolio

Seagis Property Group LP has acquired two vacant industrial buildings in Moonachie, adding more than 19,000 square feet to its portfolio in the Meadowlands submarket.

People
JZA+D details five promotions, new marketing coordinator

Design firm JZA+D has announced five promotions and the appointment of a new marketing coordinator on its Princeton-based team.

Industrial
C&W: South Plainfield industrial condo trades for $4.6 million

An investor has purchased a nearly 30,000-square-foot industrial condominium in South Plainfield for $4.55 million, in a newly announced deal by Cushman & Wakefield.

Finance & Capital Markets
LCD Commercial sources $3.6 million loan for 33-unit Paterson housing portfolio

The owner of a 33-unit housing portfolio in Paterson has secured more than $3.6 million in financing for the properties, according to Totowa-based LCD Commercial Lending.

Residential & Mixed Use
Developer inks $88 million sale of 242-unit rental property under construction in Carteret

Forte Real Estate Development has sold a nearly completed, 242-unit luxury apartment building in Carteret for $87.5 million, borough officials announced last week.

Industrial
Investor buys 74,000 sq. ft. Totowa flex, industrial property for $7.6 million

Marcus & Millichap has negotiated the sale of a nearly 74,000-square-foot flex industrial property in Totowa for $7.6 million.

Office
Law firm focused on private CRE lending buys Marlboro building for new headquarters

A law firm is moving its Monmouth County headquarters after acquiring a 20,000-square-foot office building in Marlboro.

Health Care & Education
Lee & Associates: Buyer sought for new-look, 34,000 sq. ft. school building in Newark

A renovated school property in Newark is on the market for sale, in a newly announced offering by Lee & Associates New Jersey.