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
JLL inks $25 million loan for 706,000 sq. ft. industrial building in Secaucus

The owner of a nearly 710,000-square-foot industrial building in Secaucus is refinancing the property for $25 million, under a newly announced transaction by JLL.

Finance & Capital Markets
Procida closes $9.5 million in loans for Paterson multifamily projects

The developer of two new apartment buildings in Paterson has secured more than $9.5 million in financing for the projects, in a set of newly completed transactions by Procida Funding.

Industrial
Sanzari adds 79,000 sq. ft. industrial building in Bergen County

Alfred Sanzari Enterprises has added to its portfolio with the acquisition of a fully leased, 78,650-square-foot industrial building in northern Bergen County.

Office
Vantage RES named leasing agent at 150,000 sq. ft. Cherry Hill office complex

The owner of a 150,000-square-foot office complex in Cherry Hill has tapped Vantage Real Estate Services as its leasing agent.

Hospitality & Tourism
Buyer wanted for well-known Meadowlands hotel, JLL says

A well-known hotel in East Rutherford is on the market for sale, brokers with JLL announced, touting its highly visible location and the potential to convert it to a residential building.

Industrial
Saxum launches cold storage platform, details new projects in key U.S. markets

Saxum Real Estate is making a major push into the cold storage sector, as it looks to tap into demand for an underserved segment of the industrial market.

Industrial
Team Resources inks 120,000 sq. ft. in Bergen County industrial deals

A logistics company has leased more than 57,000 square feet of industrial space in Moonachie, in one of three newly announced transactions by Team Resources Inc.

People
Larken names new director of finance

Larken Associates has hired a veteran accounting manager as its new director of finance.

Industrial
Rockefeller Group breaks ground on 400,000 sq. ft. industrial project in Middlesex

Rockefeller Group has started construction on a new 400,000-square-foot distribution center, as it expands upon its recently built, 2.1 million-square-foot logistics campus in Piscataway.

Finance & Capital Markets
JLL inks $148 million loan for sale of 1.5 million sq. ft. office portfolio in Morris County

An investment group has secured nearly $148 million in financing for its recent purchase of 10 office buildings in Parsippany and Madison, in a transaction arranged by JLL.