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
Lincoln Equities Group eyes Q4 delivery for 886,000 sq. ft. UPS facility in Bayonne

Lincoln Equities Group is on track for a fourth-quarter delivery of the new 886,000-square-foot UPS regional hub and package distribution center in Bayonne, the developer said.

Residential & Mixed Use
KABR adds Stamford rental properties for $41 million, in JLL-brokered deal

KABR Group has made two additions to its luxury apartment portfolio in Stamford, Connecticut, acquiring 116 units in a set of deals by JLL’s Morristown-based capital markets team.

Office
Vantage Commercial inks sale of 5,500 sq. ft. office building in Haddon Heights

A financial planner has purchased a 5,500-square-foot office building in downtown Haddon Heights, according to a brokerage team with Vantage Commercial.

Government & Public Policy
Bills targeting ‘warehouse sprawl’ unlikely to come from Trenton, top lawmakers say

With a new team of legislative leaders in place, New Jersey’s booming industrial market appears to be safe, for now, from state-imposed limits on new warehouse development.

Residential & Mixed Use
Elizabeth apartment high-rise sells for $14.3 million, Kislak says

The longtime owner of a 193-unit, age-restricted apartment high-rise in Elizabeth has sold the property for $14.3 million, in a newly announced deal by The Kislak Co. Inc.

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.