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.

Industrial
Lee & Associates: Ownership group sells 20,000 sq. ft. warehouse, in latest Clifton trade

A private investor has purchased a 20,000-square-foot industrial building in Clifton, in a newly announced deal by Lee & Associates New Jersey.

Retail
Atlantic City: Vantage Commercial inks sale of 3.7-acre site slated for cannabis grow facility

The operator of a planned marijuana cultivation facility has acquired 3.7 acres in Atlantic City’s tourism district, brokers with Vantage Commercial announced Thursday.

Office
Newmark: AEP, global IT firm ink 41,000 sq. ft. lease at One Tower Center

A global technology firm has leased 41,000 square feet at East Brunswick’s One Tower Center, marking the latest transaction at the newly renovated, 24-story office building.

Residential & Mixed Use
AMS unveils 96-unit luxury rental complex in East Brunswick

Development firm AMS Acquisitions has taken the wraps off a new 96-unit luxury apartment complex in East Brunswick, in the latest addition to its portfolio in the region.

Health Care & Education
Pharma research, manufacturing site in Plainsboro sells for $7.7 million, Fennelly says

The site of a pharmaceutical research and manufacturing complex in Plainsboro has changed hands for $7.7 million, brokers with Fennelly Associates announced Wednesday.

Finance & Capital Markets
BEB Lending closes $5 million acquisition loan for Kearny industrial property

A tenant at an 87,000-square-foot industrial building in Kearny has acquired the property with the help of $5 million in financing from BEB Lending, a finance platform of BEB Capital.

Retail
Discount retailer takes 1,500 sq. ft. in Somerset, BRC says

A discount retailer has leased more than 1,500 square feet along Route 27 in the Somerset section of Franklin, in a newly announced deal by Bussel Realty Corp.

Retail
Norman’s Hallmark signs lease in Somers Point for latest South Jersey store

A new Norman’s Hallmark is coming to Atlantic County after signing a lease for more than 6,000 square feet in the city of Somers Point.

Industrial
Lee & Associates: BlackRock buys 300,000 sq. ft. Piscataway warehouse for $80 million

BlackRock Realty Advisors has purchased a nearly 300,000-square-foot industrial building in Piscataway for $80 million, in one of two deals announced by Lee & Associates New Jersey.

Industrial
STRO, KRE Group detail 205,000 sq. ft. lease with Amazon in Woodland Park

The STRO Cos. and Kushner Real Estate Group are touting a lease with Amazon at a new industrial building in Woodland Park, where the e-commerce giant operates a 205,000-square-foot same-day delivery facility.