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.

Professional Spotlight
Partner Engineering adds 40-year veteran of due diligence, risk management

A leading expert in due diligence and construction risk management has joined Partner Engineering and Science Inc.

Finance & Capital Markets
JLL inks $49 million refi loan for Texas multifamily project

The developer of a 306-unit multifamily project near Fort Worth, Texas, has refinanced for $49.1 million, under a transaction arranged by JLL’s New Jersey capital markets team.

Finance & Capital Markets
KRE Group, Russo secure $71 million loan for 345-unit rental project in Morris County

Kushner Real Estate Group and Russo Development have broken ground on 345 luxury apartments in Morris County, having secured a $71 million construction loan for the project.

Office
C&W: Joint venture sells 270,000 sq. ft. office building in Ridgefield Park

The KABR Group and Kushner Cos. have sold a nearly 270,000-square-foot office building in Ridgefield Park, in a newly completed transaction by Cushman & Wakefield.

Industrial
Woodmont touts construction milestone at 101,000 sq. ft. industrial project in Woodbridge

Woodmont Industrial Partners is eyeing a spring delivery for a new distribution center in Woodbridge, with construction well underway at the 101,425-square-foot project.

Industrial
Glass contractor acquires South Hackensack industrial building, NAI Hanson says

A glass installer is relocating to South Hackensack after buying a 4,400-square-foot industrial building in the township, according to brokers with NAI James E. Hanson.

Residential & Mixed Use
Piscataway: Developers launch leasing at 110-unit rental community

A joint venture has announced the launch of leasing at a new 110-unit luxury rental community in Piscataway.

Retail
Marcus inks $1.6 million ground lease sale for AutoZone property

A private investor has sold an AutoZone ground lease in south central Pennsylvania, in a newly completed deal by Marcus & Millichap’s New Jersey office.

Office
Bank, co-working firm ink leases as JLL is named agent at Parsippany office buildings

An investment group has picked JLL to market five newly acquired office buildings in Parsippany, where the team has closed two new leases totaling nearly 57,000 square feet.

Government & Public Policy
Denholtz acquires 26-acre Fort Monmouth parcel, plans $60 million redevelopment

An affiliate of Denholtz Properties has closed on 26 acres at Fort Monmouth, where it’s planning nearly 270,000 square feet of high-end commercial, technology and food and beverage space.