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.

Finance & Capital Markets
JLL: Developers ink $105 million loan for 362-unit Jersey City rental portfolio

A joint venture has secured $105 million to refinance a two-building, 362-unit multifamily portfolio in Jersey City’s burgeoning West Side neighborhood, in a deal arranged by JLL.

Industrial
Resource Realty: Food startup takes 75,000 sq. ft. in Burlington for East Coast HQ, delivery hub

A meal delivery startup has opened a new facility and East Coast headquarters in Burlington, occupying a 75,000-square-foot former Kraft Foods complex just south of Route 130.

Residential & Mixed Use
Newark parcel with approvals for 190 apartments fetches $3.9 million, PRE says

An area real estate firm has acquired a Newark development site with full approvals for 190 apartments, in a deal arranged by PRE Real Estate Services.

People
Denholtz hires new chief investment, financial officers

Denholtz Properties has made two key additions to its executive team to support its continued expansion plans in New Jersey and the Southeast.

Residential & Mixed Use
Extell marks sellout of 245 condos at Pier Village

A new collection of 245 luxury condominiums in Long Branch is sold out, marking the latest milestone for the acclaimed Pier Village property.

Office
LMC named managing agent for 108,000 sq. ft. Fort Lee office building

Levin Management Corp. has assumed the role of managing agent for a 108,000-square-foot, seven-story office building in Fort Lee.

Retail
Rose Commercial inks $1.45 million sale of 8,000 sq. ft. strip center in Blackwood

Rose Commercial Real Estate has negotiated the $1.45 million sale of an 8,000-square-foot retail strip center in the Blackwood section of Gloucester Township.

Residential & Mixed Use
Denholtz unveils luxury rentals, retail space in latest investment in Red Bank

Denholtz Properties has taken another key step in its plan to help jumpstart Red Bank’s west side, as it prepares to open a new luxury apartment building alongside its headquarters and NJ Transit rail service, making good on a plan that began around 2016.

Professional Services
Turse, Cadigan named principals with Avison Young New Jersey team

The leaders of Avison Young’s industrial brokerage team in New Jersey are now principals of the real estate services firm.

Office
JLL: Tenants combine for 14,000 sq. ft. in recent leases at Cedar Knolls office building

A medical communications firm has signed a five-year lease extension at a Morris County office building, in one of two newly announced transactions by JLL.