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.

Office
Bergman inks leases with law, environmental firms at Giralda Farms office building

Bergman Real Estate Group has leased more than 28,000 square feet at a Madison office building after completing deals with a law firm and an environmental engineering group.

Residential & Mixed Use
Kokes launches preleasing, eyes summer delivery for new apartments in Riverside

Kokes Properties has started preleasing at a new 64-unit apartment building in Riverside, the latest addition to a well-known redevelopment site in the township.

Office
Brooklyn firm expands, takes 900 sq. ft. in Englewood Cliffs, NAI Hanson says

A business management firm is expanding to New Jersey with the completion of a nearly 900-square-foot lease in Englewood Cliffs, under a deal arranged by NAI James E. Hanson.

Professional Services
Berkadia opens New Jersey office, hires Gambuzza-led investment sales team

Real estate services firm Berkadia has launched a new office in New Jersey with the recent addition of a multifamily investment sales team based in Morristown.

Office
Lord Abbett takes 178,000 sq. ft. at Goldman Sachs tower in Jersey City

Investment manager Lord Abbett & Co. is relocating its headquarters in Jersey City after leasing nearly 180,000 square feet at one of the state’s best-known office buildings.

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.