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.

Office
NJCC leases 24,000 sq. ft. in New Brunswick for new headquarters, C&W says

Cushman & Wakefield has negotiated a 24,259-square-foot lease in New Brunswick for New Jersey Community Capital, the state’s largest community development financial institution.

Retail
BRC: Tractor Supply Co. renews for 25,000 sq. ft. at Flanders retail center

An outdoor lifestyle retailer has renewed its 25,000-square-foot lease at a Morris County shopping center, brokers with Bussel Realty Corp. announced Monday.

Professional Services
Zoltek names new sales associate for Fair Lawn-based team

Zoltek Commercial Real Estate Services has hired Mario Pereira as a sales associate with its Fair Lawn-based brokerage team, touting his more than 20 years of business experience.

Finance & Capital Markets
Greek, Principal ink $32 million construction loan with Provident for warehouse project

Greek Development and Principal Real Estate Investors have closed on more than $32 million in construction financing for a long-awaited industrial project in Pennsylvania’s Bucks County.

Office
Biopharma firm sells 500,000 sq. ft. Newark office building, parking garage for $49 million

A biopharmaceutical company has sold the site of its headquarters in Newark, a well-known office tower spanning nearly 500,000 square feet, in a deal valued at more than $49 million.

Residential & Mixed Use
Gebroe-Hammer: 57-unit Collingswood rental portfolio sold for $9.4 million

A private investor has purchased a 57-unit apartment portfolio in Collingswood for $9.4 million, in a newly announced transaction by Gebroe-Hammer Associates.

Industrial
Avison Young touts sale of ex-manufacturing site in East Rutherford to Deugen

Avison Young has announced the sale of a onetime manufacturing site in East Rutherford that will soon become a new warehouse facility built by Deugen Development.

Professional Services
Violet PR details five new hires, doubling size of Montclair-based team

Public relations firm Violet PR has doubled its staff with five new hires, as it looks to serve its growing roster of economic development, professional services and social good clients.

Finance & Capital Markets
Boonton shopping center owner lands $11 million in permanent financing, Cronheim says

A real estate investment trust has secured an $11 million loan for a grocery-anchored shopping center in Boonton, according to a debt placement team with Cronheim Mortgage.

Professional Services
Sheldon Gross Realty tapped to manage Fair Lawn medical office building

The owner of a nearly 26,000-square-foot medical office building in Fair Lawn has tapped Sheldon Gross Realty to provide property management services at the site.