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.

Residential & Mixed Use
JLL: Buyer wanted for 54-unit Bridgewater apartment complex with upside

The owner of a 54-unit apartment complex in Bridgewater is seeking a buyer for the property, brokers with JLL said, touting it as a value-add opportunity in an affluent region.

Health Care
Longtime health care broker Marks launches advisory firm focused on medical space

Veteran broker Jonathan Marks has launched a new advisory firm focused on health care real estate, seeking to build on years of experience in the growing asset class.

Professional Services
Cresa’s Juliano named managing principal in Northeast, in expanded role with tenant brokerage

Cresa has tapped Tony Juliano as its managing principal for the Northeast region, bolstering the team overseeing its New Jersey and New York City offices.

Community
Greek continues focus on sustainability with fourth annual Earth Day cleanup

Greek Real Estate Partners is marking another Earth Day after having completed its annual cleanup event in the industrial park around its East Brunswick headquarters.

Food & Beverage
Li’s Hot Pot & BBQ takes 7,000 sq. ft. at ex-diner location in Little Falls, Goldstein Group says

A new hot pot restaurant has opened in Little Falls, where it leases 7,000 square feet under a recent deal arranged by The Goldstein Group.

Residential & Mixed Use
JLL: Cammeby’s buys 406-unit rental property at Wesmont Station for $162 million

Cammeby’s International has expanded its footprint in Wood-Ridge, acquiring a 406-unit apartment building in the Wesmont Station district for nearly $162 million.

Finance & Capital Markets
Hampshire team lands $68 million loan for new 270-unit Hackensack rental property

The developers of a new 270-unit luxury apartment building in Hackensack has secured $68 million in financing, in a newly announced deal by G.S. Wilcox & Co.

Retail
LMC: Arrival of new ShopRite advances major overhaul of Blue Star Shopping Center

Village Super Market Inc. has opened a new ShopRite at Blue Star Shopping Center in Watchung, delivering the centerpiece of a plan to update and expand the landmark property.

Industrial
Developers ink $15 million construction loan for Montvale self-storage project, JLL says

A joint venture has closed on a nearly $15 million construction loan for a planned 989-unit self-storage facility in Montvale, brokers with JLL announced last week.

Residential & Mixed Use
The Marq Teaneck, new 256-unit rental building by Malas Development, hits 50 percent leased

Malas Development has leased more than 50 percent of a new 256-unit luxury apartment building in Teaneck, hitting a key milestone in the first phase of a larger redevelopment project.