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
Invesco, Baranof acquire newly built self-storage facility in Red Bank

A joint venture led by Invesco Real Estate has purchased a nearly 60,000-square-foot self-storage facility in Red Bank, in a transaction arranged by Cushman & Wakefield.

Industrial
Investors buy Central Jersey warehouse, development sites in deals worth $54 million

A joint venture has made three new additions to its New Jersey industrial holdings, acquiring a long-term investment property and two development sites for a combined $54 million.

Office
JLL: John Hancock sells two-building, 302,000 sq. ft. office campus near Princeton

Insurance giant John Hancock has sold a fully leased, 302,000-square-foot office campus in West Windsor, in a deal arranged by brokers with JLL.

Office
Newmark inks lease extensions for law firms in Roseland, Livingston

Two law firms have extended their leases in Essex County’s western suburbs, under a set of newly announced transactions by Newmark.

Industrial
BRC: Logistics firm doubles footprint in Edison, expands lease to 180,000 sq. ft.

A third-party logistics firm has taken more than 92,000 square feet of additional space in Edison, doubling its footprint within a portfolio owned by Heller Industrial Parks.

Industrial
Connors completes sale of 20,000 sq. ft. North Bergen warehouse

A private buyer has closed on a 20,000-square-foot industrial property in North Bergen, according to a broker with The William F. Connors Agency.

Finance & Capital Markets
G.S. Wilcox sources $10.7 million loan for Long Island grocery store property

The owner of a 70,000-square-foot supermarket property in New York’s Suffolk County has secured $10.7 million in financing, in a deal arranged by G.S. Wilcox & Co.

Office
Deugen, Greenwood plan new retail and office space at historic Montclair warehouse

A joint venture is set to restore and repurpose a historic warehouse in Montclair, with plans to bring new retail and creative office space to the municipality’s acclaimed downtown.

Finance & Capital Markets
Procida’s 100 Mile Fund grows to $200 million, cracks $1 billion in originations

A fund led by real estate industry veteran Billy Procida has doubled in size to $200 million, in a move that comes as it marks more than $1 billion in originations since its founding in 2011.

Retail
KenKap: Mixed-use Elizabeth property trades for $3.7 million

A buyer has paid $3.7 million for a 37,000-square-foot mixed-use property in Elizabeth, under a newly completed transaction by KenKap Realty Corp.