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
JLL sources $47 million acquisition loan for Thor industrial deal in Passaic

An institutional lender has provided $47 million in financing to Thor Equities Group for a recently acquired, 330,000-square-foot industrial building in Passaic.

Retail
Vietnamese restaurant inks lease at ex-Panera site in Delran, Vantage Commercial says

A new restaurant is coming to a former Panera space at a Burlington County shopping center, under a deal arranged by Vantage Commercial.

Industrial
Investment firm snags industrial property in Elizabeth, Linden for $47 million

A Dallas-based firm has expanded its New Jersey holdings with the addition of a 10-acre industrial site in Union County, under a deal arranged by Cushman & Wakefield.

People
Larken Associates taps Iacobucci as chief investment officer

Larken Associates has picked a veteran commercial real estate executive as its new chief investment officer.

Office
KS Group buys 9,000 sq. ft. office building in home city of Newark, brokers say

A locally based developer has purchased a 9,000-square-foot office building in Newark, according to a brokerage team with Lee & Associates New Jersey.

Office
NAI Hanson: Engineering firm inks 1,800 sq. ft. sublease in Allendale

A civil engineering firm has subleased 1,800 square feet of office space in the Bergen County borough of Allendale, in a newly announced deal by NAI James E. Hanson.

Office
Chilmark named leasing agent for 62,000 sq. ft. Montvale office building

The owner of a 62,000-square-foot office building in Montvale has tapped Chilmark Real Estate Services as its leasing agent for the property.

Finance & Capital Markets
Denholtz, Redwood ink $32 million construction loan for Bound Brook rental project, JLL says

A joint venture has landed more than $32 million in construction financing for a planned 143-unit apartment building in Bound Brook, brokers with JLL announced Thursday.

Residential & Mixed Use
Tulfra, Hampshire sell new luxury rental project in North Haledon for $89 million

Tulfra Real Estate and The Hampshire Cos. have sold a newly built, 180-unit apartment property in North Haledon for $89 million, in the culmination of a project that was a decade in the making.

Government & Public Policy
Murphy joins LCOR, NJ Transit to break ground on historic Hoboken Connect project

Construction is set to begin on the long-awaited Hoboken Connect project, where plans call for improving the city’s historic transit terminal, infrastructure upgrades and new development that would include nearly 400 apartments and 635,000 square feet of high-end office space.