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.

Industrial
C&W: Sitex Group sells five-building, 114,000 sq. ft. light industrial portfolio in Orange

Sitex Group has sold a nearly 114,000-square-foot portfolio of light industrial buildings in Orange, directly north of Interstate 280, in a transaction arranged by Cushman & Wakefield.

Office
TSA leases 47,000 sq. ft. in new direct lease at Union Twp. office building

The Transportation Security Administration has taken 47,000 square feet in Union Township as part of an expansion at a soon-to-be-upgraded office building, brokers with JLL announced.

Office
Bracelet maker expands by 7,000 sq. ft. at Mountainside office park, NAI DiLeo-Bram says

A custom bracelet retailer has leased nearly 7,000 square feet to expand its footprint at a Union County business park, under a deal arranged by NAI DiLeo-Bram & Co.

Finance & Capital Markets
Investor lands $26 million acquisition loan for 1,250-space Hoboken parking deck

The buyer of a 1,250-space parking structure in uptown Hoboken has obtained nearly $27 million in financing for the deal, according to a debt placement team with Northmarq.

Professional Services
CRESDA, eyeing real estate supply chain diversity, names business development manager

An organization that helps companies with their real estate supplier diversity initiatives has welcomed a new business development manager.

Retail
Ripco named retail leasing agent at two upscale Hoboken apartment buildings

The owner of two luxury apartment buildings in western Hoboken has tapped Ripco Real Estate as its leasing agent for a series of street-level retail spaces at the properties.

Finance & Capital Markets
Nexus Properties secures $73 million permanent loan for new 472-unit apartment complex

Development firm Nexus Properties has landed $73 million in financing for a new 472-unit multifamily property in Camden County, brokers with M&T Realty Capital Corp. announced.

Industrial
Private equity firm buys 98,000 sq. ft. Clifton warehouse complex, Lee & Associates N.J. says

Longpoint Realty Partners LP has purchased a two-building, 98,000-square-foot warehouse complex in Clifton, in a deal arranged by Lee & Associates New Jersey.

Professional Services
DMR unveils practice for fast-growing New York City pipeline

DMR Architects has launched a dedicated practice for projects in New York City, where it has a growing pipeline after having already completed hundreds of designs over more than 15 years.

Residential & Mixed Use
Kislak: Plainfield apartment owner sells updated 20-unit property

An apartment owner has sold a 20-unit property in Plainfield after completing a series of updates during nearly a decade of ownership, according to brokers with The Kislak Co. Inc.