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
Brazilian farming business lands $2.6 million loan from Kennedy Funding

Kennedy Funding, a direct private lender based in Englewood Cliffs, has closed a $2.64 million loan to the owner of a farming business in eastern Brazil.

Retail
Goldstein Group announces flurry of new retail property sales

A local congregation has acquired a 23,000-square-foot former strip center property in Middlesex County, in the largest of several new deals by The Goldstein Group.

Industrial
Heller, Williams-Sonoma sign 1.2 million sq. ft. lease at 8A spec industrial project

Heller Industrial Parks has preleased a nearly 1.2 million-square-foot industrial project in South Brunswick, landing a full-building commitment from home goods retailer Williams‐Sonoma.

Professional Services
Clarke Caton Hintz announces seven promotions, including new associate principals

Design and planning firm Clarke Caton Hintz has named two new associate principals among seven recent promotions.

Retail
Marcus inks $3 million sale of net-leased auto parts store on Route 22

A private investor has purchased a net-leased auto parts store in Somerset County for more than $3 million, under a newly announced transaction by Marcus & Millichap.

Retail
Fast-casual chicken finger chain seeks N.J. locations, picks R.J. Brunelli as agent

A fast-growing restaurant chain specializing in chicken fingers is seeking locations in New Jersey and New York, having tapped R.J. Brunelli & Co. as its agent in the market.

Retail
Midtown Commercial: Lobster restaurant acquires Millburn location, eyes expansion

A seafood restaurant is expanding its footprint in northern New Jersey with the acquisition of a new location in Millburn, according to brokers with Midtown Commercial Realty.

Office
Newmark: Sublet space mounts in North Jersey office market, driving occupancy losses

The northern New Jersey office market continued to weaken in the first quarter, with large availabilities mounting as companies shed excess space and continue to work remotely.

Finance & Capital Markets
Kokes inks $19 million construction loan for Riverside rental project

Kokes Properties has secured more than $19 million in financing for the first phase of a 190-unit residential project in the Burlington County township of Riverside.

Professional Services
Avison Young promotes project manager in New Jersey

Avison Young has announced a promotion on its New Jersey project management team.