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.

Top News
Rutgers Hillel to honor AvalonBay’s Ladell with Visionary in Partnership Award

A student life organization at Rutgers University has announced plans to honor Ron Ladell, the longtime and influential New Jersey development executive, at its upcoming spring gala.

Industrial
KABR, FCA-Orbita Group purchase 620,000 sq. ft. Queens warehouse complex

Two New Jersey-based investment firms have acquired a two-building, 620,000-square-foot industrial complex in Queens, under a nearly $74 million deal announced Tuesday.

Industrial
Invesco, Baranof acquire newly built self-storage facility in Red Bank

A joint venture led by Invesco Real Estate has purchased a nearly 60,000-square-foot self-storage facility in Red Bank, in a transaction arranged by Cushman & Wakefield.

Industrial
Investors buy Central Jersey warehouse, development sites in deals worth $54 million

A joint venture has made three new additions to its New Jersey industrial holdings, acquiring a long-term investment property and two development sites for a combined $54 million.

Office
JLL: John Hancock sells two-building, 302,000 sq. ft. office campus near Princeton

Insurance giant John Hancock has sold a fully leased, 302,000-square-foot office campus in West Windsor, in a deal arranged by brokers with JLL.

Office
Newmark inks lease extensions for law firms in Roseland, Livingston

Two law firms have extended their leases in Essex County’s western suburbs, under a set of newly announced transactions by Newmark.

Industrial
BRC: Logistics firm doubles footprint in Edison, expands lease to 180,000 sq. ft.

A third-party logistics firm has taken more than 92,000 square feet of additional space in Edison, doubling its footprint within a portfolio owned by Heller Industrial Parks.

Industrial
Connors completes sale of 20,000 sq. ft. North Bergen warehouse

A private buyer has closed on a 20,000-square-foot industrial property in North Bergen, according to a broker with The William F. Connors Agency.

Finance & Capital Markets
G.S. Wilcox sources $10.7 million loan for Long Island grocery store property

The owner of a 70,000-square-foot supermarket property in New York’s Suffolk County has secured $10.7 million in financing, in a deal arranged by G.S. Wilcox & Co.

Office
Deugen, Greenwood plan new retail and office space at historic Montclair warehouse

A joint venture is set to restore and repurpose a historic warehouse in Montclair, with plans to bring new retail and creative office space to the municipality’s acclaimed downtown.