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
Resource Realty: Biotech firm takes 76,000 sq. ft. at new East Hanover industrial building

The developer of a new industrial facility in East Hanover has signed a full-building lease for nearly 76,000 square feet, according to Resource Realty of Northern New Jersey.

Industrial
Russo, PGIM eye 200,000 sq. ft. industrial building after buying Mahwah office property

A joint venture has closed on the site of a Mahwah office building that it now plans to redevelop as 200,000 square feet of modern industrial space, brokers with CBRE said Monday.

Finance & Capital Markets
Lenders Capital inks $26 million construction loan for 103-unit Reynolds project in Orange

The developer of a 103-unit luxury apartment building in Orange has landed more than $26 million in construction financing, in a deal arranged by Lenders Capital Realty Services.

Deals
Shelbourne, Avison Young tout 173,000 sq. ft. in deals in Piscataway, Bloomfield

A biotechnology firm has leased nearly 57,000 square feet in Piscataway, in one of three newly announced deals by Avison Young on behalf of Shelbourne Global.

Industrial
Realterm acquires 72,000 sq. ft. North Bergen warehouse

Investment manager Realterm has made its second acquisition in North Bergen, adding a 72,000-square-foot warehouse sitting on nearly four acres.

Industrial
E-Bike company takes 16,700 sq. ft. in East Brunswick sublease, BRC says

An electric bicycle company has subleased nearly 17,000 square feet of industrial space in East Brunswick, in a newly announced transaction by Bussel Realty Corp.

Professional Services
Florham Park-based real estate law firm rebrands as Carlin, Ward, Ash & Heiart LLC

The boutique real estate law firm long known as Carlin & Ward PC has rebranded as Carlin, Ward, Ash & Heiart LLC.

Residential & Mixed Use
Union Twp. officials approve new downtown building with 85 apartments, parking

The Union Township planning board has approved the fifth phase of Centurion Union Center, paving the way for construction to begin on a new residential building with public parking.

Residential & Mixed Use
Accurate Builders welcomes first residents to 234-unit Linden rental project

A new 234-unit luxury apartment complex in downtown Linden has welcomed its first residents, its developer announced Monday.

Industrial
Duke acquires single-tenant, 469,000 sq. ft. distribution center in Piscataway

Duke Realty Corp. has announced its recent acquisition of a fully leased, 469,600-square-foot industrial building in Piscataway.