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.

Food & Beverage
RIPCO: Revolving sushi concept with robot service takes 5,000 sq. ft. at Clifton lifestyle center

A new sushi restaurant is coming to Route 3 after leasing 5,000 square feet at The Promenade Shops at Clifton, brokers with RIPCO Real Estate announced this week.

Food & Beverage
Vantage Commercial: Investor scoops up Burlington City pub with liquor license, apartment unit

The site of a well-known bar and restaurant in Burlington City has changed hands along with its liquor license, according to a brokerage team with Vantage Commercial.

Residential & Mixed Use
JLL: Buyer wanted for well-known 408-unit Edgewater rental property

Avalon at Edgewater is on the market for sale, giving investors a chance to own more than 400 luxury apartments and a well-known piece of New Jersey’s Gold Coast.

Residential & Mixed Use
RHO Residential tapped to manage former Veris Residential portfolio with 6,000+ units

The new owners of the former Veris Residential Inc. portfolio have picked RHO Residential LLC to manage the collection of more than 6,000 apartments across the Northeast.

Residential & Mixed Use
AION sells 148-unit Morristown rental property in $61 million deal with Tuli Realty, C&W says

Livingston-based Tuli Realty has expanded its holdings, acquiring a 148-unit luxury apartment building in downtown Morristown for more than $61 million.

Retail
LMC: Wingstop takes 1,800 sq. ft. at Somerset’s Rutgers Plaza to expand New Jersey footprint

Wingstop has secured another location in Central Jersey with a new lease in the Somerset section of Franklin Township, according to a brokerage team with Levin Management Corp.

Professional Services
Tabakin, six-attorney team join Scarinci Hollenbeck to advance vision for statewide practice

A seasoned legal team led by Mark Tabakin has joined Scarinci Hollenbeck LLC, bolstering the Little Falls-based firm across several key practice areas.

Finance & Capital Markets
Newark industrial owner inks $797,000 refi with Valley Bank

Valley Bank has closed a nearly $800,000 cash-out refinance loan to the owner of a Newark industrial property, the Morristown-based lender announced Wednesday.

Industrial
Ecommerce, 3PL firm expands to final space at Larken’s Hillsborough Business Center

Larken Associates has leased up nearly 600,000 square feet of flex industrial space in Hillsborough thanks to an expansion by an ecommerce and third-party logistics firm.

Top News
Tulfra, Hampshire break ground on North Haledon project with 90 rentals, self-storage

Construction is underway on a project that will bring 90 luxury apartments, retail space and a 596-unit self-storage building to the Passaic County borough of North Haledon.