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
Net-leased Best Buy property in Deptford trades for $17 million

The longtime owner of a single-tenant, net-leased Best Buy store in Deptford has sold the property for $17 million.

Professional Services
Dresdner Robin touts design, engineering work at new 232-unit Belleville rental complex

Land-use consultancy Dresdner Robin is detailing its role in the recently completed, 232-unit luxury apartment complex in Belleville known as SilverLake.

Office
Boniakowski inks new commercial lease, apartment sale in Somerset County

A tattoo business has leased 2,400 square feet of office space in Somerset County, in one of two newly announced deals by The Boniakowski Commercial Real Estate Group.

Finance & Capital Markets
JLL sources $105 million loan for recent Long Island multifamily sale

An apartment owner has landed nearly $105 million in financing to acquire a new 260-unit property on Long Island, in a deal by JLL’s Morristown-based capital markets team.

Residential & Mixed Use
Newark apartments backed by Queen Latifah slated for summer preleasing

Construction is underway on a long-awaited, 76-unit apartment complex in Newark whose development team includes music and film star Queen Latifah, a city native.

Office
Life sciences firm doubles footprint, takes 28,000 sq. ft. at Iselin office park

A genetic testing company has renewed and expanded its lease in the Iselin section of Woodbridge, where it now occupies a total of 28,000 square feet.

Residential & Mixed Use
Gebroe-Hammer inks sale of 39-unit Bloomfield apartment building

A private investor has purchased a 39-unit apartment building in southeastern Bloomfield, under a newly announced deal by Gebroe-Hammer Associates.

Finance & Capital Markets
JLL sources predevelopment, construction loan for Thor warehouse project in Bogota

Thor Equities Group has secured predevelopment and construction financing for a plan to build a nearly 151,000-square-foot industrial building in Bogota, according to brokers with JLL.

Office
NAI Hanson: Law firm sells 3,000 sq. ft. office space in Chester, signs new lease nearby

A law firm has found a new home in Morris County after leasing 3,000 square feet near its previous location on Route 24, in a deal arranged by NAI James E. Hanson.

Retail
Prism inks lease with Woodbridge salon, its third retail user at new 232-unit apartment building

Prism Capital Partners has signed another retail lease at its new downtown apartment building in Woodbridge, attracting a family-owned salon with deep ties to the central business district.