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
Progress Capital inks $13.5 million in financing for Queens rental project

Progress Capital has arranged $13.5 million in financing for a redevelopment project in New York City’s Rockaway Park neighborhood.

Residential & Mixed Use
KRE Group launches construction at second piece of Bayonne residential project

Kushner Real Estate Group has broken ground on the second piece of a luxury multifamily project in Bayonne, with plans to deliver more than 200 additional units by late next year.

Professional Services
LMC adds new leasing rep for growing retail portfolio

Levin Management Corp. has bolstered its regional leasing team with the addition of a longtime brokerage professional.

Retail
JLL inks sale of grocery-anchored center in Upstate New York

An investment firm has acquired a grocery-anchored retail center in Upstate New York, in a transaction arranged by JLL’s New Jersey capital markets group.

Industrial
Stro acquires 78,000 sq. ft. industrial building in Fairfield

The Stro Cos. has purchased a fully occupied, 78,000-square-foot industrial property in Fairfield, the Ridgewood-based firm announced Monday.

Retail
R.J. Brunelli seeking second tenant for ex-Sears building in Monmouth County

The owner of a 775,000-square-foot power center in Monmouth County has tapped R.J. Brunelli & Co. to help it backfill part of a former Sears building.

Office
JRM touts newly completed overhaul of Piscataway office building (SLIDESHOW)

A landlord has unveiled a newly revitalized, 138,000-square-foot office building in Piscataway, following an extensive renovation completed by JRM Construction Management.

Office
Men’s grooming line inks 4,800 sq. ft. office lease at historic Newark tower

A boutique men’s grooming line is moving into one of Newark’s most iconic buildings after leasing nearly 5,000 square feet at the newly restored, 21-story property.

Deals
Private investor buys 55,000 sq. ft. school building in Haddonfield, WCRE says

An investment firm has acquired a 55,000-square-foot school building in Haddonfield, under a newly completed transaction by Wolf Commercial Real Estate.

Office
Wellness business acquires medical office building in Burlington County

A wellness center operator is set to become an owner-occupier after acquiring a nearly 6,200-square-foot medical office building in Burlington County.