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.

Features
Long-awaited Parsippany project comes with visions of bustling, downtown-style retail

Developers and local officials say they have high hopes for a luxury mixed-use development on Route 10, one with a concept that seemingly relies more heavily on retail and restaurants than typical mixed-use residential developments, in an effort to broaden its appeal.

Finance & Capital Markets
‘Vinty’ developers ink $97 million loan for new 297-unit Elizabeth rental property, JLL says

The developers of a new 267-unit apartment building in Elizabeth have obtained more than $97 million in financing for the downtown property, brokers with JLL announced Tuesday.

Professional Services
Ware Malcomb promotes Bahukutumbi to studio manager with Newark-based interiors team

Ware Malcomb has named a new studio manager in its Newark office after promoting a member of its interior architecture and design team.

Industrial
Zoltek: Developer buys 8,000 sq. ft. West New York industrial property

A local investor has sold a nearly 8,000-square-foot industrial building in West New York, in a deal arranged by Zoltek Commercial Real Estate Services.

Office
Medical practice acquires 8,700 sq. ft. Union Twp. office building, Newmark CRE says

A medical practice has purchased a nearly 9,000-square-foot office building in Union Township for $1.625 million, according to a broker with Newmark Associates CRE.

Industrial
Maintenance contractor buys three-acre industrial property in Denville

A service contractor is moving its headquarters after assembling a three-acre flex industrial property in Denville, in a newly announced deal by Charity Realty International.

Finance & Capital Markets
JLL: Bridge lands $64 million construction loan for 211,000 sq. ft. spec warehouse in Newark

Bridge Industrial has secured $64.3 million in financing to build more than 200,000 square feet of new logistics space in Newark’s port district, brokers with JLL announced.

Professional Services
Greenbaum Rowe attorneys fill NJSBA posts in construction, environmental law

Four attorneys with Greenbaum Rowe Smith & Davis LLP have taken new leadership positions with the New Jersey State Bar Association, including posts in its construction and environmental law sections.

Government & Public Policy
Berkeley Heights makes pitch for investment, development in new marketing campaign

Officials in Berkeley Heights are pushing to attract new private investment, while highlighting a wave of new development already taking place in the Union County township.

Retail
Cervelli: Mediterranean, café-style eateries lease space in North Bergen

Two restaurants have expanded to Hudson County after leases in North Bergen, in a set of transactions by Cervelli Real Estate & Property Management.