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
CBRE: Accordia scores $54 million in financing, JV equity for South Carolina industrial deal

Accordia has landed $36.9 million in financing and $17 million in joint venture equity for its recent acquisition of a South Carolina industrial park, in a set of deals arranged by CBRE.

Industrial
Resource Realty inks 53,000 sq. ft. industrial lease near Route 3 in Clifton

A private industrial user has leased nearly 53,000 square feet in Clifton, according to a brokerage team with Resource Realty of Northern New Jersey.

Residential & Mixed Use
Sharbell debuts 20 townhomes as final piece of Montgomery project

Sharbell Development Corp. has unveiled 20 new townhome-style condominiums in Somerset County, marking the completion of a project just west of Route 206.

Residential & Mixed Use
Deluccia: Raritan Borough building with four apartments, restaurant trades for $1.2 million

An investor has purchased a mixed-use building in downtown Raritan Borough for $1.15 million, in a newly announced deal by Deluccia Commercial Group.

Government & Public Policy
Sherrill, Ciattarelli make their case on permitting, energy as NAIOP welcomes gubernatorial hopefuls

Speaking to a room of New Jersey commercial real estate leaders, the state’s two gubernatorial candidates seemed to be in line on the issues that mattered most to the sold-out crowd.

Exactly how they’d address those issues is where Mikie Sherrill and Jack Ciattarelli differ — or at least how they hope to distinguish themselves from each other. That was evident Monday during a program hosted by NAIOP New Jersey, where the candidates presented on key topics such as permitting, energy and taxes, among many other policy areas that figured to resonate with property owners and their professionals.

Residential & Mixed Use
Napier Park sells 43-unit Newark portfolio in REO deal, CBRE says

An alternative asset manager has sold an updated two-building, 43-unit apartment portfolio in Newark as part of a real estate owned transaction arranged by CBRE.

Health Care
Seven-building, 45,000 sq. ft. medical office park in Clementon sells for $6.7 million

A private investor has purchased a nearly 45,000-square-foot medical office campus in Camden County for $6.7 million, brokers with Marcus & Millichap said Monday.

Retail
Goldstein Group: AAMCO takes 4,500 sq. ft. to backfill South Brunswick retail building

AAMCO has leased 4,500 square feet for a new highway location in South Brunswick, in a newly announced deal by The Goldstein Group.

Office
CPN details latest Princeton-area deals involving education, health care users

Two commercial condominiums in the Skillman section of Montgomery have changed hands for a combined $610,000, in a set of deals arranged by Commercial Property Network Inc.

Finance & Capital Markets
Russo lands $162 million loan for new 534-unit ‘Vermella’ rental project in New Brunswick

Russo Development has closed on $162 million in financing for its new 534-unit high-end multifamily development in New Brunswick, brokers with JLL announced Friday.