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.

Residential & Mixed Use
NRP starts construction on 401-unit rental project near Liberty State Park in Jersey City

The NRP Group has broken ground on what will be more than 400 new apartments just west of Liberty National Golf Course in Jersey City, the Cleveland-based firm announced Tuesday.

Finance & Capital Markets
Urban Edge refis Bergen Town Center for $290 million, JLL says

Urban Edge Properties has secured $290 million to refinance its 1 million-square-foot Bergen Town Center in Paramus and Maywood, in a newly announced deal by JLL.

Industrial
Faropoint inks $28 million sale-leaseback for 114,000 sq. ft. Ridgefield industrial portfolio

Real estate investment firm Faropoint has purchased two industrial buildings in Ridgefield, adding nearly 114,000 square feet in a sale-leaseback deal valued at $28.3 million.

Residential & Mixed Use
Inspired breaks ground on 22 apartments at ex-coffee house site in Long Branch

Inspired by Somerset Development has started construction on a project that will bring new apartments and retail space to the former site of a famed coffee house in Long Branch.

Professional Services
Marcus & Millichap promotes Matricaria to senior associate

Marcus & Millichap has announced the promotion of a standout broker and multifamily investment specialist in its New Jersey office.

Retail
Resources Real Estate adds veteran broker, former Toys R Us asset manager to sales team

A veteran leasing executive and former asset manager for Toys R Us has joined Resources Real Estate, helping to bolster the firm’s commercial sales division.

Industrial
Bridge acquires 152,000 sq. ft. Somerset warehouse under new value-add platform

Bridge Industrial has completed its first deal in New Jersey under a recently launched value-add platform, acquiring more than 150,000 square feet of newly built space in Franklin Township.

Retail
Crunch Fitness takes 32,000 sq. ft. at former New York Sports Club space in Springfield

Crunch Fitness has added a location in New Jersey after leasing 32,000 square feet at a Springfield shopping center, brokers with The Goldstein Group said Monday.

Industrial
Tire shop leases 18,000 sq. ft. in Elizabeth, BRC says

A tire business has leased more than 18,000 square feet of industrial space in Elizabeth, in a newly announced deal by Bussel Realty Corp.

Retail
Boniakowski inks three renewals in Middlesex, Lafayette

The Boniakowski Commercial Real Estate Group has completed lease renewals with three tenants in Middlesex and Sussex counties, the firm announced Monday.