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
BRC inks sale of 8,000 sq. ft. repair facility in Sayreville

A company that repairs shipping trailers has purchased an 8,000-square-foot industrial building in Sayreville, under a deal arranged by Bussel Realty Corp.

Industrial
Sanzari, BioReference ink 160,000 sq. ft. renewal in Elmwood Park

One of the nation’s largest specialty laboratories has renewed its three-building, 160,000-square-foot lease across three Elmwood Park properties owned by Alfred Sanzari Enterprises.

Professional Services
Connell Foley taps environmental law co-chair as next managing partner

A top environmental attorney and longtime leader at Connell Foley LLP is set to become the firm’s next managing partner.

Finance & Capital Markets
Developer secures $17.7 million construction loan for 104-unit Plainfield rental project

A development team has landed a nearly $18 million construction loan for a planned 104-unit apartment building in Plainfield, in a deal arranged by Progress Capital.

Retail
Builder touts new food, service tenants at mixed-use project in downtown Union Twp.

A host of retail tenants are coming to a new luxury apartment building in downtown Union, helping to fill the latest available ground-floor space at the multiphase development.

Residential & Mixed Use
East Orange multifamily building trades for $4.4 million

A seller has reaped $4.4 million from its sale of a 42-unit multifamily property in East Orange, in a newly announced transaction by Midtown Commercial Realty.

Office
Owner of Mount Laurel office buildings announces rooftop solar projects

A property owner is expanding its renewable energy platform in the region with the addition of rooftop solar panels at two Mount Laurel office buildings.

Retail
Vantage Commercial: State Farm agent taking 1,400 sq. ft. in Camden County

A new State Farm Insurance location is coming to a Camden County shopping center, under a deal arranged by Vantage Commercial.

Industrial
First Industrial plans 208,000 sq. ft. logistics project in Bordentown, NAI Mertz says

A developer has purchased a 20-acre parcel in Bordentown, where it plans to build more than 200,000 square feet of new logistics space near the junction of two major highways.

Finance & Capital Markets
Progress: Buyer inks $44 million loan for 175-unit multifamily deal in Bergen, Essex

A multifamily buyer has landed more than $44 million in financing for its purchase of a combined 175 units in Bergen and Essex counties, according to Progress Capital.