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.

Residential & Mixed Use
Accurate Builders unveils 234-unit rental property near Linden train station

Accurate Builders & Developers has opened the doors to a collection of 234 apartments in downtown Linden, in the latest addition to its growing multifamily portfolio.

Finance & Capital Markets
JLL inks $65 million construction loan for 337-unit rental project in Jersey City

A developer has secured a $65 million construction loan for a new 337-unit luxury apartment building in Jersey City’s West Side neighborhood, brokers with JLL announced Tuesday.

Professional Services
Wilentz adds veteran attorney to real estate, redevelopment practice groups

Wilentz, Goldman & Spitzer has announced a new addition to its real estate and redevelopment practice groups.

Industrial
Brooklyn business acquires 48,000 sq. ft. Ewing warehouse, NAI Fennelly says

A wholesaling business is expanding to Mercer County after acquiring a 48,000-square-foot industrial building outside Trenton, in a deal arranged by NAI Fennelly.

Office
Sanzari, pharma firm sign lease for new workspace at Glenpointe

Alfred Sanzari Enterprises has completed a new lease that will bring a pharmaceutical company to its mixed-use Glenpointe campus in Teaneck.

Retail
Diversified signs two new retail leases at mixed-use Summit building

Two additional retailers are coming to a mixed-use building in Summit, bringing the property’s ground-floor commercial space to full occupancy.

Office
Wellington Co. inks sale of 75,000 sq. ft. office building in Upper Saddle River

A private investor has acquired a 75,000-square-foot office building at the northern edge of Bergen County, in a newly announced transaction by The Wellington Co. LLC.

Industrial
Russo, Onyx plan 827,000 sq. ft. industrial campus at Novartis site in East Hanover

Russo Development and Onyx Equities have acquired 62 acres at the well-known Novartis campus in East Hanover, with plans to build more than 800,000 square feet of new industrial space in place of what’s now a cluster of vacant office buildings.

Industrial
Woodmont sells 92,000 sq. ft. industrial, flex portfolio for $22 million

Woodmont Properties has sold more than 90,000 square feet of industrial flex space along Route 46, fetching just over $22 million for the two-building portfolio.

Finance & Capital Markets
JLL: Joint venture inks $54 million loan for newly acquired Montclair apartments

The recent buyers of a 163-unit multifamily property in Montclair have landed a $54 million acquisition loan for the property, according to a debt placement team with JLL.