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.

Industrial
Brookfield fund acquires Somerset site, eyes 176,000 sq. ft. industrial project, CBRE says

An investment fund has acquired more than 15 acres in the Somerset section of Franklin, where it plans to break ground next year on a new 176,000-square-foot industrial building.

Industrial
Supplement maker takes 20,000 sq. ft. at East Hanover flex industrial building

A maker of dietary supplements has leased 20,000 square feet at a flex industrial building in Morris County, according to a brokerage team with Newmark Associates.

Office
WCRE: Legal aid nonprofit renews, expands for 6,500 sq. ft. in Freehold

A legal aid organization has renewed and expanded its lease at a Freehold office building, under a newly announced deal by Wolf Commercial Real Estate.

Residential & Mixed Use
Developers open outdoor space at Jersey City rental building, completing amenity offering

A development group has completed the roll-out of more than 100,000 square feet of amenity space for a three-building, 600-unit luxury apartment complex in Jersey City.

Retail
Newly opened Shops at Ledgewood Commons shows potential of ‘de-malling’ done right

Developers say the future of retail is now on display in Roxbury, where Advance Realty Investors has transformed an aging, enclosed mall into a 450,000-square-foot, open-air destination with centralized parking and a new Walmart Supercenter as its anchor.

Finance & Capital Markets
NorthMarq inks $13 million bridge loan for Bergen County apartment builder

The developer of a 49-unit apartment building in Bergen County has secured more than $13 million in financing, in a deal arranged by NorthMarq.

Health Care & Education
Demand for lab space still strong in New Jersey, fueling rent growth but little new construction

Continued demand for life sciences space in New Jersey and other top markets has fueled an uptick in rental rates over the past year, according to a new report by CBRE.

Industrial
Arts, crafts supplier takes 5,200 sq. ft. at Tinton Falls park, Sheldon Gross says

An arts and crafts supplier has leased 5,200 square feet of industrial space in Tinton Falls, under a newly announced transaction by Sheldon Gross Realty.

Industrial
Sudler adding to Florida industrial portfolio with acquisitions, new construction

The Sudler Cos. has expanded its out-of-state portfolio with the acquisition of two warehouse properties along Florida’s Gulf Coast.

Residential & Mixed Use
Developers break ground on two-phase, 410-unit apartment project in Orange

A joint venture has broken ground on the first piece of what will ultimately be more than 400 luxury apartments and new public space alongside an NJ Transit train station in Orange.