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.

Retail

ShopRite expansion among three recent deals at Delran retail center, LMC says

ShopRite has expanded its footprint at a Burlington County shopping center, in one of three recent transactions at the property by Levin Management Corp.

Finance & Capital Markets

Marcus & Millichap inks $3 million acquisition loan for Camden County drugstore property

The buyer of a triple-net-leased drugstore property in Camden County has secured nearly $3 million in financing, under a deal arranged by Marcus & Millichap Capital Corp.

Residential & Mixed Use

Kushner set to begin 307-unit senior housing building, in reuse of Fair Lawn office parcel

More than 300 new apartments are coming to the Bergen County borough of Fair Lawn, where Kushner is redeveloping the site of a vacant office building near Route 208.

Industrial

CenterPoint adds 58,000 sq. ft. warehouse on low-coverage site in Fairfield

CenterPoint Properties has completed its first deal in the Fairfield industrial submarket, acquiring a parcel with nearly 60,000 square feet of warehouse space on just over four acres.

Kislak family pledges $2 million to Monmouth for permanent real estate program directorship

The family of the late Jay I. Kislak has extended its support for Monmouth University, pledging $2 million to establish a permanent endowed directorship for the school’s real estate program.

Professional Services

Avison Young adds longtime New Jersey business development duo

Two longtime partners and business development experts have joined Avison Young’s New Jersey office, the real estate services firm announced Thursday.

Office

Colliers moves Parsippany office, inks lease at new-look Northpoint property

Colliers has found a new home for its Parsippany-based team, leasing 7,500 square feet at a newly updated building owned by Vision Real Estate Partners.

Office

Gilead leases 96,000 sq. ft., eyes new corporate hub at Parsippany’s ‘Latitude’ campus

Biopharmaceutical giant Gilead Sciences has leased nearly 100,000 square feet at a Parsippany office campus, with plans to open a highly anticipated East Coast hub by early next year.

Finance & Capital Markets

Developer of 629-unit Jersey City rental property lands $160 million perm loan

The developer of more than 600 new apartments in Jersey City’s West Side neighborhood has refinanced the property for $160 million, in a transaction arranged by Progress Capital.

Professional Services

Riker Danzig rebrands, shortens name after three decades

The prominent New Jersey law firm long known as Riker Danzig Scherer Hyland & Perretti LLP has officially shortened its name as part of a newly announced rebranding.