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
Wharton Realty buys 517,000 sq. ft. power center in Gloucester County

An Eatontown-based firm has acquired a nearly 520,000-square-foot retail center in the Gloucester County township of Deptford, in a transaction arranged by JLL.

Industrial
Marcus Partners adds light industrial, movie theater properties in Morris County

Investment firm Marcus Partners has acquired four commercial properties in East Hanover, adding nearly 155,000 square feet to its New Jersey portfolio.

Finance & Capital Markets
JLL: Columbia snags $29 million permanent loan for 93-unit Jersey City rental project

A fund managed by Columbia Property Trust has landed a nearly $29 million loan for a new 93-unit apartment building in Jersey City’s Bergen-Lafayette neighborhood.

Finance & Capital Markets
Progress Capital inks $25 million loan for 141-unit Gloucester City rental property

A developer has secured a $25 million permanent loan for a newly built, 141-unit apartment complex in Camden County, in a newly announced deal by Progress Capital.

Finance & Capital Markets
Joint venture lands financing for $63 million recap of North Bergen condo project

The developers of a new luxury condominium building in North Bergen have recapitalized the project’s remaining homes for $63.2 million, a debt placement team announced Monday.

Retail
North Bergen mixed-use property sold for $740,000

A personal trust has sold a 2,400-square-foot mixed-use property in Hudson County for $740,000, according to a brokerage team with Marcus & Millichap.

Industrial
Developer bringing new 200,000 sq. ft. logistics center to Bayonne, JLL says

A developer is eyeing a fall delivery for a project that will bring nearly 200,000 square feet of high-end industrial space to Bayonne, according to the firm and brokers with JLL.

Industrial
C&W: First National Realty sells 80,000 sq. ft. flex park on Route 9

A private equity firm has sold a nearly 80,000-square-foot flex campus in Old Bridge, in a transaction arranged by Cushman & Wakefield.

Top News
NJCU to honor Jersey City developer Paul Silverman at annual gala

New Jersey City University has unveiled plans to honor Paul Silverman, the longtime Jersey City developer, business leader and philanthropist, at its upcoming gala.

Office
Law, financial services firms renew at Sanzari’s Court Plaza complex in Hackensack

Alfred Sanzari Enterprises has signed two lease renewals at its three-building, 335,000-square-foot Court Plaza office campus in downtown Hackensack, the firm announced.