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
Invesco completes $161 million purchase, recap of 360-unit Roseland apartment complex

Invesco Real Estate Investment Trust has completed its acquisition of a 360-unit garden apartment complex in Roseland for more than $160 million.

Finance & Capital Markets
Hekemian & Co. affiliate refis Sparta shopping center for $21 million, JLL says

The longtime owner of a nearly 90,000-square-foot shopping center in Sparta has secured $21.5 million in financing for the asset, according to a debt placement team with JLL.

People
Denholtz names new general counsel, tapping former Monmouth Real Estate executive

Denholtz Properties has tapped a veteran of the former Monmouth Real Estate Investment Corp. as its new general counsel, the Red Bank-based firm announced.

Industrial
Ware Malcomb touts completion of 140,000 sq. ft. FreezPak facility near Port Newark

A joint venture has completed construction on a new 140,000-square-foot cold storage facility on the border of Newark and Elizabeth, the project’s design team announced Tuesday.

Office
Garibaldi: Northwestern Mutual relocating in Morris Co., takes 21,000 sq. ft. in Florham Park

Northwestern Mutual is on the move in Morris County after leasing more than 21,000 square feet of office space in Florham Park, brokers with The Garibaldi Group announced Tuesday.

Residential & Mixed Use
BNE unveils, launches leasing at new 99-unit rental property in Fairfield

BNE Real Estate Group has launched leasing at a collection of 99 upscale apartments in Fairfield, as it marks the debut of its latest multifamily property in the state.

Industrial
Velocity, Binswanger tout sale of 20,000 sq. ft. Cherry Hill industrial property

Velocity Venture Partners has sold a 20,000-square-foot industrial flex property in Cherry Hill, in a newly announced transaction by Binswanger.

Retail
FNRP names new vice president of NNN leasing, acquisitions

First National Realty Partners LLC has hired a longtime broker for the newly created position of vice president of triple-net leasing and acquisitions.

Photos
Developers, public officials mark Arbor Day with tree plantings at Vermella properties

The developers of four multifamily projects joined public officials last week to celebrate Arbor Day, touting the benefits of redevelopment and the use of green building practices at the sites.

Industrial
Houston-based firm, capital partner buy 580,000 sq. ft. Bridgewater industrial park

An investment group led by a Houston-based firm has acquired an 18-building industrial park in Bridgewater, adding more than 580,000 square feet to its portfolio in the region.