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.

Retail
Kislak: Nutley restaurant space, with liquor license, on the market for $1.6 million

The owner of a 12,000-square-foot restaurant, bar and banquet space in downtown Nutley is seeking a buyer for the facility, in a newly announced offering by The Kislak Co. Inc.

Finance & Capital Markets
Procida marks payoff of $19 million construction loan, as 122 micro-units open in Jersey City

An area lender is touting the completion of 122 micro-apartments in Jersey City, thanks in part to nearly $19 million in construction financing.

Industrial
Fiber glass pool maker acquires 70,000 sq. ft. industrial building in Millville

A pool manufacturer has acquired the site of a 70,000-square-foot industrial building in Millville, under a newly announced transaction by Vantage Commercial.

Professional Services
C&W taps Bronsnick as managing principal, market leader in New Jersey

Cushman & Wakefield has hired veteran commercial real estate executive Peter Bronsnick as its market leader in the Garden State.

Government & Public Policy
Bill to end eviction ban, with additional protections, slated for vote by full Legislature

A bill that would end New Jersey’s eviction ban later this summer while still providing protections to many apartment renters is poised for a full vote in the state Legislature.

People
Hampshire deepens leadership team with new promotions

The Hampshire Cos. has promoted a dozen employees, continuing its efforts to foster professional development from within the organization.

Finance & Capital Markets
JLL arranges recapitalization for two-state, Denholtz-owned industrial portfolio

Denholtz Properties has recapitalized a 16-building industrial portfolio spanning both central New Jersey and Orlando, Florida, under a newly announced transaction by JLL.

Finance & Capital Markets
G.S. Wilcox inks $30 million in loan activity for correspondent lender

G.S. Wilcox & Co. has closed nearly $30 million in financing in recent weeks, arranging loans for a trio of warehouses in Pennsylvania’s Lehigh Valley.

Residential & Mixed Use
Leasing underway at 452-unit apartment high-rise, second of two towers in Jersey City

A developer has launched preleasing at a second 45-story apartment tower in Jersey City, part of a project that has brought 900 upscale homes to a growing waterfront neighborhood.

Retail
CBRE: Route 22 retail center back to fully leased after salon suite, pizza shop deals

One of the newest retail centers along Route 22 is back at full occupancy after leases with a beauty salon co-working operator and a pizza shop, brokers with CBRE announced.