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
KRE details 8A warehouse project, $35 million construction loan

A joint venture has landed $35 million in financing to move ahead with a planned 382,400-square-foot warehouse project off Exit 8A of the New Jersey Turnpike.

Government & Public Policy
ULI Northern New Jersey names R&J senior account exec as PR chair

The Urban Land Institute’s Northern New Jersey chapter has tapped a Bridgewater-based public relations professional to spearhead its outreach and engagement in the region.

Finance & Capital Markets
Spencer inks $19 million loan for North Brunswick furniture store, strip center

Spencer Savings Bank has closed on a $19 million loan for a major furniture store in North Brunswick, touting its second large commercial real estate transaction in recent months.

Industrial
Denholtz, toy company ink 10,000 sq. ft. renewal in East Brunswick

A toy wholesaler is staying in place at a flex industrial complex in East Brunswick, where it occupies 10,000 square feet under a lease with Denholtz Properties.

Retail
Weiss Realty: Physical therapy practice takes 1,600 sq. ft. in Edison

A physical therapy practice is expanding its vast footprint in New Jersey with a recent 1,600-square-foot lease at an Edison shopping center.

Retail
Furniture chain takes 13,000 sq. ft. in Lawrence Twp., Goldstein Group says

A furniture retailer has leased more than 13,000 square feet in Mercer County, under a newly completed transaction by The Goldstein Group.

Retail
NIA: Fitness chains expand into Paramus, Elmwood Park

Two growing fitness chains have added locations in Bergen County, following leases arranged by NIA National Realty.

Industrial
Freezer, cooler space in high demand in New Jersey, as users face a lack of supply

Demand for cold storage warehouse space nationwide, and particularly in the Garden State, is on fire, largely because of rising online fresh grocery sales and changing consumer preferences for fresher foods. Meeting that demand could prove challenging — given the cost and complexity of such projects and the need for specialization — but some developers are positioning themselves to be ready when users come calling.

Sponsored Content
Changes coming to long-term tax exemption statute

Several bills affecting the long-term tax exemption statute are slowly making their way through the New Jersey Legislature. While each bill addresses different provisions of the statute, the common theme among them is one of restrictiveness.

Residential & Mixed Use
Joint venture unveils 424-unit rental project in western Hoboken (SLIDESHOW)

A development group has opened the doors to its newest project in Hoboken, a 424-unit luxury apartment building on the city’s emerging west side.