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.

Finance & Capital Markets
BBCP inks $44 million refi for six-building, 390,000 sq. ft. Bergen County flex portfolio

The owner of nearly 390,000 square feet of flex commercial space in Allendale has refinanced the portfolio for $44 million, in a newly announced deal by Black Bear Capital Partners.

Industrial
NAI Hanson: 5.6-acre New Brunswick parcel sold, slated for outdoor container storage

An industrial user has purchased a 5.6-acre parcel along one of New Brunswick’s key industrial corridors, according to a brokerage team with NAI James E. Hanson.

Industrial
CenterPoint eyes groundbreaking for new 322,000 sq. ft. Linden industrial project

CenterPoint Properties is set to expand its holdings in New Jersey with a project that will add more than 320,000 square feet of modern industrial space to Route 1 & 9 in Linden.

Professional Services
Avison Young adds key land development group to Morristown-based team

Avison Young has named a new principal and director of land development services as part of a team serving clients across the Northeast Region and nationally.

Retail
PREIT inks leases to bring apparel companies, seafood restaurant to Cherry Hill Mall

Levi’s has signed a lease for a new store at the Cherry Hill Mall, in one of three newly announced tenant commitments by the owner of the Route 38 property.

Retail
R.J. Brunelli: Asian Food Market takes 27,000 sq. ft. for new East Brunswick store

A new Asian Food Market is coming to a 100,000-square-foot retail property in East Brunswick, in a newly announced deal by R.J. Brunelli & Co. LLC.

Office
Tech firm buys 1,000 sq. ft. Metuchen office condo, American Properties Realty says

A private technology firm has purchased a 1,000-square-foot office condominium in Metuchen, in a transaction arranged by American Properties Realty Inc.

Office
Vonage, LT Apparel heading to Bell Works flexible workplace hub

Two new tenants are coming to the Bell Works campus in Holmdel, including Vonage, the cloud communications provider long based at another building in the township.

Finance & Capital Markets
Valley unveils $100 million ESG lending platform, teams with Community Preservation Corp.

Valley National Bank has announced a new partnership to fund up to $100 million in permanent loans to help builders meet various environmental, social and governance standards.

Industrial
Avison Young: Food service delivery firm takes 40,000 sq. ft. at Fairfield warehouse

Longpoint Realty Partners LP has secured a tenant for a nearly 40,000-square-foot industrial property in Fairfield, following its acquisition of the building last year.