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

Silverman Group sells Morris Township medical office building for $13 million, C&W says

The Silverman Group has sold a more than 58,000-square-foot medical office building outside Morristown for $13.2 million, in a newly announced deal by Cushman & Wakefield.

Industrial

Turnbridge, logistics firm ink 255,000 sq. ft. lease at Bayonne industrial complex

Turnbridge Equities has landed a tenant for a newly acquired industrial complex in Bayonne, leasing more than 255,000 square feet to a global logistics firm.

Professional Services

PS&S acquires engineering team specializing in life sciences, chemical process industries

Professional services firm PS&S has acquired an engineering group in Allentown, Pennsylvania, bolstering its life sciences platform while expanding its reach in the region.

Retail

Cervelli: Guac Time, Mexican fusion restaurant, takes 2,900 sq. ft. in Jersey City

A growing restaurant concept has found its first New Jersey location, in Jersey City’s McGinley Square neighborhood, in a deal arranged by Cervelli Real Estate & Property Management.

Residential & Mixed Use

Saxum eyes groundbreaking for 106-unit townhome community near Raleigh, North Carolina

Saxum Real Estate has closed on the site of a planned 106-unit townhome community in a fast-growing town just outside Raleigh, North Carolina.

Jeffrey Wiener, former Kislak president and leading N.J. multifamily broker, dies at 75

Jeffrey Wiener, a revered, highly successful broker who spent nearly five decades with The Kislak Co. Inc., including 17 years as its president, has died after a long illness. He was 75.

Office

Newmark: Hackensack Meridian leases 50,000 sq. ft. at Red Bank’s new-look River Centre

Hackensack Meridian Health has taken 50,000 square feet at a revitalized office campus in Red Bank, topping a list of newly announced deals by the property’s leasing team.

Finance & Capital Markets

Cannon Hill, Hampshire land $20 million refi for 82-unit Hackensack rental project

Cannon Hill Capital Partners and The Hampshire Cos. have closed on a $20.1 million refinance for a luxury apartment building in Hackensack, brokers with Cushman & Wakefield announced.

Retail

Mediterranean restaurant adds fourth location with new lease in Somerville, Deluccia says

A restaurant operator is expanding to downtown Somerville, where it’s leasing 6,300 square feet by way of a deal arranged by Deluccia Commercial Group.

Finance & Capital Markets

Luxury senior housing project in Nutley scores $29 million construction loan, JLL says

A developer has secured a nearly $30 million construction loan for an 85-unit, age-restricted residential project in Nutley, brokers with JLL announced Thursday.