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
Jersey City’s Rivet 26 nears full occupancy of residential, retail space

The developers of a new 199-unit luxury apartment building in Jersey City have all but leased up the property and its 10,000 square feet of street-level retail space, the firms announced.

Industrial
Deck contractor buys Helmetta parcel for $925,000, Sheldon Gross says

A decking company has acquired 2.4 acres in Middlesex County that will meet its need for outdoor storage space, according to a broker with Sheldon Gross Realty.

Office
Reynolds, Capital Solutions acquire 260,000 sq. ft. office campus west of Princeton

A joint venture has acquired six office buildings outside Princeton, with plans to launch a multimillion-dollar renovation to update the portfolio and appeal to hybrid workers.

Industrial
Prologis adds vice president, development officer in New Jersey and New York market

Prologis has tapped a construction industry veteran as a new vice president and development officer in the company’s New Jersey and New York region.

Retail
Five tenants lease 52,000 sq. ft. at South Brunswick retail center, Goldstein Group says

Five tenants have signed leases at a Middlesex County shopping center, combining for more than 52,000 square feet, in a series of newly announced transactions by The Goldstein Group.

Retail
Azarian: Spa, dessert shop combine for 3,200 sq. ft. at Livingston Town Center

A spa and a dessert shop are coming to Livingston Town Center after signing leases at the 65,000-square-foot property in Livingston.

Professional Services
R&J names new account coordinator on real estate team

R&J Strategic Communications has welcomed a new account coordinator to its real estate practice area, the Bridgewater-based firm announced.

Retail
Equity Retail inks sale of ex-Kmart building in Camden County

The site of a former Kmart building in Camden County has changed hands for an undisclosed price, under a deal arranged by Equity Retail Brokers.

Finance & Capital Markets
Urby, Panepinto secure $88 million loan for 317-unit Journal Square high-rise, JLL says

A joint venture has landed nearly $90 million in financing for its development of a 317-unit apartment tower in Jersey City, according to a debt placement team with JLL.

Residential & Mixed Use
New housing, retail coming to Newark under $88 million plan at Ballantine Brewery site

A development team has unveiled its plan to bring 280 mixed-income apartments and retail space to a piece of the historic Ballantine Brewery property in Newark.