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.

Finance & Capital Markets
Owner of Hoboken apartment, commercial portfolio refis for $14 million

Progress Capital has negotiated $14 million in refinancing for a client’s commercial real estate property portfolio consisting of three mixed-use assets in Hoboken.

Retail
C&W: Fully leased Fairfield bank property fetches $4.6 million

An investor has purchased a nearly 4,600-square-foot bank property in Fairfield for $4.6 million, under a deal arranged by Cushman & Wakefield.

Retail
Fast-casual seafood concept expands to Newark retail center, LMC says

Snap Back by Hook & Reel, a fast-casual version of seafood concept Hook & Reel Cajun Seafood and Bar, has opened a location at Springfield Avenue Marketplace in Newark.

Industrial
WCRE inks sale of 25,000 sq. ft. industrial, cold storage building in Salem County

Wolf Commercial Real Estate has brokered the sale of a 25,000-square-foot industrial and cold storage building in Salem County.

Office
JLL inks sale of 79,000 sq. ft. office, R&D building in Montvale

A private investor has purchased a nearly 80,000-square-foot office and research complex in Montvale, according to brokers with JLL’s New Jersey capital markets team.

Finance & Capital Markets
Veris, investment manager land $135 million to refinance new Port Imperial apartments

A partnership led by Veris Residential Inc. has secured a $135 million loan for a new 360-unit luxury apartment building along the Hudson waterfront, in a deal arranged by CBRE.

Retail
Organic grocer leases 10,000 sq. ft. at Journal Squared for first New Jersey location

A popular Brooklyn-based grocer is opening its first New Jersey location at Journal Squared, the acclaimed Jersey City residential property by Kushner Real Estate Group.

Office
NAI Hanson: Wellness, surgery center coming to Clifton building

NAI James E. Hanson has negotiated a lease for 1,761 square feet of medical space at 1135 Broad St. in Clifton, the real estate services firm announced.

Top News
Buyer wanted for 22,000 sq. ft. fraternal organization HQ in Bordentown, Fennelly says

A fraternal organization is seeking a buyer for its 22,000-square-foot headquarters building in Bordentown, in a newly announced offering by NAI Fennelly.

Office
ASE, spine and joint center ink 5,500 sq. ft. renewal in Hasbrouck Heights

Alfred Sanzari Enterprises has negotiated a lease renewal for 5,466 square feet of medical office space with the Spine and Joint Center at Heights Plaza at 777 Terrace Ave. in Hasbrouck Heights.