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
Chilmark inks $2.1 million apartment sale in Kearny

A private seller has reaped more than $2 million from the sale of a 17-unit multifamily property in Kearny, according to brokers with Chilmark Real Estate Services.

Retail
Kumon takes 1,400 sq. ft. in Hamilton, Lee & Associates New Jersey says

Kumon North America is set to expand its presence in Mercer County after completing a nearly 1,400-square-foot lease in Hamilton, according to Lee & Associates New Jersey.

Office
WCRE named leasing agent at 58,000 sq. ft. medical office building in Burlington County

The owner of a medical office building in Burlington County has named its first-ever leasing agent for the property, tapping Wolf Commercial Real Estate for the assignment.

Professional Spotlight
Partner Engineering adds 40-year veteran of due diligence, risk management

A leading expert in due diligence and construction risk management has joined Partner Engineering and Science Inc.

Finance & Capital Markets
JLL inks $49 million refi loan for Texas multifamily project

The developer of a 306-unit multifamily project near Fort Worth, Texas, has refinanced for $49.1 million, under a transaction arranged by JLL’s New Jersey capital markets team.

Finance & Capital Markets
KRE Group, Russo secure $71 million loan for 345-unit rental project in Morris County

Kushner Real Estate Group and Russo Development have broken ground on 345 luxury apartments in Morris County, having secured a $71 million construction loan for the project.

Office
C&W: Joint venture sells 270,000 sq. ft. office building in Ridgefield Park

The KABR Group and Kushner Cos. have sold a nearly 270,000-square-foot office building in Ridgefield Park, in a newly completed transaction by Cushman & Wakefield.

Industrial
Woodmont touts construction milestone at 101,000 sq. ft. industrial project in Woodbridge

Woodmont Industrial Partners is eyeing a spring delivery for a new distribution center in Woodbridge, with construction well underway at the 101,425-square-foot project.

Industrial
Glass contractor acquires South Hackensack industrial building, NAI Hanson says

A glass installer is relocating to South Hackensack after buying a 4,400-square-foot industrial building in the township, according to brokers with NAI James E. Hanson.

Residential & Mixed Use
Piscataway: Developers launch leasing at 110-unit rental community

A joint venture has announced the launch of leasing at a new 110-unit luxury rental community in Piscataway.