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.

Retail
Azarian names new director of leasing, property management

A veteran retail real estate executive has joined The Azarian Group LLC as director of leasing and property management.

Residential & Mixed Use
Rose Real Estate inks multifamily sales in Belleville, Plainfield

Three apartment buildings in Union and Essex counties have changed hands for a combined $6.95 million, in a set of newly announced transactions by Rose Real Estate LLC.

Finance & Capital Markets
JLL: Ironstate inks $91 million loan package for Hoboken rental buildings

Ironstate Development has landed more than $90 million in financing for a pair of luxury apartment buildings in northern Hoboken, in a transaction arranged by JLL.

Industrial
Investor acquires new 146,000 sq. ft. warehouse in Hamilton, CBRE says

An investment firm has added to its fast-growing portfolio in the state, acquiring a soon-to-be-completed industrial building in Hamilton for $29.6 million.

Office
Landlord eyes overhaul of historic 45,000 sq. ft. office building in Jersey City

The owner of a historic loft office building in Jersey City has unveiled plans to renovate the property, where it recently secured two new tenants for more than 13,000 square feet.

Industrial
Devli marketing space at cold storage, warehouse buildings in Meadowlands

A local landlord is seeking tenants for two Meadowlands industrial buildings, including a cold storage and a commissary kitchen in one property and a newly renovated warehouse.

Professional Services
Kislak announces four promotions, honors brokers during annual ceremony

The Kislak Co. Inc. has announced four promotions among its team of brokers.

Finance & Capital Markets
Kennedy Funding closes $1.8 million loan for research park site in Michigan

Kennedy Funding, an Englewood Cliffs-based direct private lender, has closed a $1.815 million land loan to the owner of more than 30 acres outside Detroit.

Office
Savills: Investor acquires, plans nursing home at 127,000 sq. ft. Montvale office building

A private equity firm has acquired a 127,000-square-foot office complex in Montvale and is now planning to convert it to an assisted living facility, according to brokers with Savills.

Retail
ShopRite-anchored center in Gloucester County changes hands, JLL says

An investor has purchased a grocery-anchored shopping center about five miles from Rowan University in Gloucester County, in a newly announced transaction by JLL.