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.

Office
Deluccia inks sale of development site for Bridgewater medical office building

A developer has acquired a property in Bridgewater that’s now slated to become a new 43,000-square-foot medical office building, in a deal arranged by Deluccia Commercial Group.

Residential & Mixed Use
Mack-Cali announces rebrand, eyeing full-fledged apartment platform and ESG goals

Mack-Cali Realty Corp. is rebranding to Veris Residential Inc., the company said Tuesday, in a step that reflects its move to a pure-play multifamily operator and a focus on sustainability.

Residential & Mixed Use
JLL: Clarion sells 163-unit Montclair apartment property

An investment manager has sold a 163-unit luxury apartment complex in downtown Montclair, under a newly announced transaction by JLL.

Industrial
Wharton Industrial adds seven buildings in South Jersey, eastern Pennsylvania

An investment firm has expanded its portfolio by more than 450,000 square feet with the addition of seven industrial properties in southern New Jersey and eastern Pennsylvania.

Retail
Advance lands five new tenants, marking lease-up of Paramus retail property

Advance Realty Investors has signed five new leases at a Paramus retail center, bringing it to full occupancy after a recent redevelopment of the Route 17 property.

Office
Contractor takes 1,000 sq. ft. at Woodbridge office building, NAI Hanson says

An electric contractor has leased just over 1,000 square feet at a Woodbridge office building, in a transaction completed by NAI James E. Hanson.

Industrial
BRC inks sale of 8,000 sq. ft. repair facility in Sayreville

A company that repairs shipping trailers has purchased an 8,000-square-foot industrial building in Sayreville, under a deal arranged by Bussel Realty Corp.

Industrial
Sanzari, BioReference ink 160,000 sq. ft. renewal in Elmwood Park

One of the nation’s largest specialty laboratories has renewed its three-building, 160,000-square-foot lease across three Elmwood Park properties owned by Alfred Sanzari Enterprises.

Professional Services
Connell Foley taps environmental law co-chair as next managing partner

A top environmental attorney and longtime leader at Connell Foley LLP is set to become the firm’s next managing partner.

Finance & Capital Markets
Developer secures $17.7 million construction loan for 104-unit Plainfield rental project

A development team has landed a nearly $18 million construction loan for a planned 104-unit apartment building in Plainfield, in a deal arranged by Progress Capital.