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
Nonprofit relocates, takes 4,300 sq. ft. in Pennsauken, Vantage Commercial says

Crescent Business Center at 7300 North Crescent Blvd. in Pennsauken — Courtesy: Vantage Commercial

Industrial
Connors inks sale of 15,000 sq. ft. Irvington industrial building

The William F. Connors Agency has brokered the sale of a 15,000-square-foot industrial building in Irvington, the firm announced Friday.

Industrial
Developer’s plan would bring 272,000 sq. ft. warehouse to untapped Passaic County borough

A family-owned firm is hoping to bring modern warehouse space to a lesser-known swath of Passaic County, starting with a 272,000-square-foot facility just off Interstate 287.

Retail
New Jersey real estate projects, people take center stage at annual ULI gala (PHOTOS)

Commercial real estate industry leaders gathered recently to celebrate a host of projects and individuals as part of the Urban Land Institute of Northern New Jersey’s annual awards gala.

Residential & Mixed Use
Construction underway for 357 luxury apartments in Plainfield

A developer has broken ground on what will be nearly 360 apartments in downtown Plainfield, in a project valued at more than $100 million that is among the city’s largest to date.

Finance & Capital Markets
Hackettstown retail center owner inks $16 million permanent loan, Cronheim says

The owner of a Walmart-anchored shopping center in Hackettstown has refinanced the property for $16 million, in a newly announced transaction by Cronheim Mortgage.

Office
Facilities manager inks lease at iconic Hahne’s building in Newark for new East Coast HQ

A global facilities manager is moving its East Coast headquarters to the historic Hahne & Co. building in Newark, where it’s taking more than 13,000 square feet in a deal arranged by JLL.

Finance & Capital Markets
Developers ink $97 million construction loan for 336-unit rental project in Jersey City

A joint venture has locked in nearly $97 million in financing to build a new 336-unit luxury apartment building in Jersey City, in a deal arranged by BlueGate Partners LLC.

People
Continental adds former top Weichert executive to lead development pipeline

Continental Properties has tapped a former longtime Weichert executive to help guide and grow its development pipeline in the region.

Residential & Mixed Use
PEEK Properties eyes launch of leasing at new 50-unit apartment building in Orange

PEEK Properties has all but completed the first of three new apartment buildings in Orange, bringing 50 units to market as it looks ahead to the remaining phases.