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
Greek, Principal ink $32 million construction loan with Provident for warehouse project

Greek Development and Principal Real Estate Investors have closed on more than $32 million in construction financing for a long-awaited industrial project in Pennsylvania’s Bucks County.

Office
Biopharma firm sells 500,000 sq. ft. Newark office building, parking garage for $49 million

A biopharmaceutical company has sold the site of its headquarters in Newark, a well-known office tower spanning nearly 500,000 square feet, in a deal valued at more than $49 million.

Residential & Mixed Use
Gebroe-Hammer: 57-unit Collingswood rental portfolio sold for $9.4 million

A private investor has purchased a 57-unit apartment portfolio in Collingswood for $9.4 million, in a newly announced transaction by Gebroe-Hammer Associates.

Industrial
Avison Young touts sale of ex-manufacturing site in East Rutherford to Deugen

Avison Young has announced the sale of a onetime manufacturing site in East Rutherford that will soon become a new warehouse facility built by Deugen Development.

Professional Services
Violet PR details five new hires, doubling size of Montclair-based team

Public relations firm Violet PR has doubled its staff with five new hires, as it looks to serve its growing roster of economic development, professional services and social good clients.

Finance & Capital Markets
Boonton shopping center owner lands $11 million in permanent financing, Cronheim says

A real estate investment trust has secured an $11 million loan for a grocery-anchored shopping center in Boonton, according to a debt placement team with Cronheim Mortgage.

Professional Services
Sheldon Gross Realty tapped to manage Fair Lawn medical office building

The owner of a nearly 26,000-square-foot medical office building in Fair Lawn has tapped Sheldon Gross Realty to provide property management services at the site.

Office
Five-building, 184,000 sq. ft. Cherry Hill office portfolio sells for $21.4 million, Marcus says

A private investor has purchased a nearly 184,000-square-foot office campus in Cherry Hill for $21.4 million, in a newly announced deal by Marcus & Millichap.

Office
NAI Hanson: Investor buys 26,000 sq. ft. medical office building in Bergen County

NAI James E. Hanson has negotiated the sale of a 25,944-square-foot medical office building in Fair Lawn, the real estate services firm announced Thursday.

Retail
Three leases at Morris Marketplace among latest deals by Jeffery Realty

Jeffery Realty has negotiated three new leases at a Morris Township shopping center, where AT&T, European Wax Center and Scenthound committed to a combined 4,650 square feet.