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
Procida’s 100 Mile Fund grows to $200 million, cracks $1 billion in originations

A fund led by real estate industry veteran Billy Procida has doubled in size to $200 million, in a move that comes as it marks more than $1 billion in originations since its founding in 2011.

Retail
KenKap: Mixed-use Elizabeth property trades for $3.7 million

A buyer has paid $3.7 million for a 37,000-square-foot mixed-use property in Elizabeth, under a newly completed transaction by KenKap Realty Corp.

Office
Biopharma firm takes 2,300 sq. ft. in Millburn, in Midtown Commercial-brokered deal

A biopharmaceutical firm has signed a 2,300-square-foot office lease in Millburn, in a deal arranged by brokers with Midtown Commercial Realty.

Retail
Bordentown auto repair building sells for $2.2 million, Fennelly says

NAI Fennelly has negotiated the sale of a 6,400-square-foot auto repair building on Route 206 in Bordentown for $2.175 million.

Health Care & Education
Behavioral health agency picks Plainsboro for latest location, Vantage Commercial says

A behavioral health agency is expanding to Central Jersey, having leased more than 7,000 square feet at the well-known Princeton Forrestal Village campus.

Industrial
Elberon, Avidan sell 139,000 sq. ft. freezer warehouse in Elizabeth

The developers of a nearly 140,000-square-foot freezer warehouse and food distribution facility in Elizabeth have sold the property, brokers with JLL announced Thursday.

Office
Colliers: Health, wellness ingredients maker expands to 17,000 sq. ft. in Morristown

A health and wellness company has extended and expanded its lease at Morristown’s Headquarters Plaza, where brokers say it will now occupy nearly 17,000 square feet.

Office
Sanzari taps industry veteran as new general manager at Glenpointe

Alfred Sanzari Enterprises has named Jessica Halpin as its general manager of Glenpointe, the firm’s flagship 670,000-square-foot corporate campus in Teaneck.

Residential & Mixed Use
Accurate Builders: Raritan Borough rental project hits 80 percent leased milestone

Accurate Builders & Developers has leased more than 80 percent of a new luxury apartment complex in Raritan Borough, thanks in part to a surge in demand for home office space.

Events
NRBP set to host two-day real estate forum with virtual, in-person program

Business and commercial real estate leaders in Newark are set to gather next week for a popular event that showcases the city’s growing construction and economic development pipeline.