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.

Retail
Safelite takes 4,800 sq. ft. on Route 37 in Toms River, Blau & Berg says

Windshield repair company Safelite has leased nearly 5,000 square feet of retail space in Toms River, in a newly announced deal by The Blau & Berg Co.

Office
Karafiol, longtime Onyx executive, joins JLL agency team in New Jersey

A key executive with Onyx Equities has returned to brokerage, joining JLL as an executive vice president with the firm’s New Jersey team.

Professional Services
Webster-led team joins Connell Foley real estate practice in Newark

A team led by prominent real estate attorney Elnardo Webster II has moved to Connell Foley LLP, helping to deepen the practice group and the firm’s Newark office.

Retail
Urban Edge touts 9,500 sq. ft. in new leases, new-look J.Crew store at Bergen Town Center

Five new tenants are coming to Bergen Town Center in Paramus and Maywood, under a series of leases announced Monday by Urban Edge Properties.

Deals
McBride: Longtime Hudson County embroidery factory sold, slated for redevelopment

The longtime home of an embroidery factory in Guttenberg has changed hands and is now slated to be redeveloped as multifamily housing, a broker with McBride Corporate Real Estate said.

Retail
Woodbridge auto repair business buys dealership site, BRC says

An auto repair business in Woodbridge has purchased a nearby dealership site in the township’s Sewaren section, under a deal arranged by Bussel Realty Corp.

Professional Services
Hilton Realty taps Fennelly to market Princeton-area office, retail buildings for lease

Hilton Realty has picked Fennelly Associates as its leasing team for three prominent commercial properties in and around Princeton.

Cover Story
Developers find new frontier in Orange, quenching thirst for transit-oriented sites

The boom in luxury rental apartments has come to Orange, where at least 1,000 units have been planned near two train stations in this small Essex County city.

Finance & Capital Markets
Russo secures $90 million loan for final apartment phase in Union, G.S. Wilcox says

Russo Development has landed $90 million in permanent financing for a new 309-unit apartment community in Union Township, according to a debt placement team with G.S. Wilcox & Co.

Industrial
NAIDB: Six-building, 165,000 sq. ft. industrial site in Fair Lawn trades for $8.8 million

A private investor has acquired more than 165,000 square feet of industrial space in the Bergen County borough of Fair Lawn, in a newly announced deal by NAI DiLeo-Bram & Co.