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
NAI Hanson: E-scooter company eyes first showroom, signs retail lease in Budd Lake

An online seller of electric bikes, scooters and motorcycles is opening its first showroom after signing a lease at a Morris County retail building, according to NAI James E Hanson.

Office
NAI Mertz named leasing agent at Mount Laurel office building

A landlord has picked NAI Mertz as its leasing agent at a recently upgraded, 52,300-square-foot office building in Mount Laurel.

Industrial
JLL adds former Bed Bath real estate executive to Northeast industrial team

A former top real estate executive for Bed Bath & Beyond has joined JLL’s industrial team in the region, bringing decades of experience and expertise in logistics and supply chains.

Residential & Mixed Use
Construction underway at 190-unit rental project in Riverside, Kokes says

Kokes Properties has broken ground on the first piece of a 190-unit luxury rental community at the former site of an iconic garment factory in Riverside.

Professional Spotlight
MSW names new counsel in commercial real estate, finance groups

Murphy Schiller & Wilkes LLP has added a veteran attorney to its growing commercial real estate and finance practice groups, the Newark-based firm announced.

Industrial
CBRE: Vineland industrial building sold to private equity firm, fetching $22 million

A private equity firm has expanded its industrial portfolio in the state with the purchase of a fully leased, 269,500-square-foot property in Vineland, according to brokers with CBRE.

Finance & Capital Markets
Joint venture lands $88 million acquisition loan for Somerset apartment deal

A joint venture has secured $88 million in financing for its acquisition of a 384-unit luxury multifamily property in the Somerset section of Franklin, according to JLL.

Office
Investors Bank sells, leases back Robbinsville building in $20 million deal, C&W says

Investors Bank has sold and leased back its well-known office and retail building in Robbinsville, under a newly announced transaction by Cushman & Wakefield.

Office
Two new tenants coming to historic Jersey City office, retail building

Two new tenants have taken space at a historic commercial building in Jersey City, under a set of newly completed leases by Grid Real Estate.

People
Sommer joins Kushner Cos. as executive VP for development, construction

A veteran development executive has joined Kushner Cos., bolstering its team as the firm continues to grow its pipeline in the region and throughout the East Coast.