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
C&W inks 340,000 sq. ft. lease in Hillsborough among latest industrial deals

A logistics user has leased nearly 340,000 square feet at a new industrial building in Somerset County, in one of several newly announced deals by Cushman & Wakefield.

Retail
Larken signs first four retail tenants at mixed-use Hillsborough project

Larken Associates has secured its first retail tenants at a development that will bring 191 luxury apartments to Hillsborough later this year.

Industrial
Sudler unveils first piece of South Carolina business park, using eco-friendly concrete tech

Sudler Cos. has delivered more than 200,000 square feet of new industrial space in upstate South Carolina as part of an ongoing expansion into the Southeast.

Residential & Mixed Use
Buyer wanted for 232-unit luxury apartment complex outside Princeton, JLL says

A luxury apartment complex near Princeton is on the market with a projected sale price of around $90 million, providing an opportunity for investors in the supply-constrained submarket.

Office
Sanzari signs three renewals for 25,000 sq. ft. at Teaneck campus

A real estate firm has renewed and expanded to 10,600 square feet of office space in Teaneck, in the largest of three newly announced transactions by Alfred Sanzari Enterprises.

Finance & Capital Markets
G.S. Wilcox sources $50 million construction loan for Union rental project

A developer has secured nearly $50 million in financing to build another 266 luxury apartments at an existing site in Union, under a transaction arranged by G.S. Wilcox & Co.

Industrial
JLL: Lincoln Equities, PCCP acquire Rockland County industrial portfolio for $54 million

An industrial portfolio some 10 miles north of Bergen County has sold for more than $50 million, in a deal arranged by JLL’s Morristown-based capital markets team.

Finance & Capital Markets
Spencer inks $22 million loan in Meadowlands for global manufacturing client

Spencer Savings Bank has closed a $22 million mortgage tied to a distribution center in the Meadowlands, touting it as the single-largest transaction in its history.

Retail
Martial arts franchise expands, takes 2,800 sq. ft. in Bergen County, NAI Hanson says

A martial arts chain has leased nearly 2,800 square feet of retail space at a mixed-use building in Bergen County, according to a brokerage team with NAI James E. Hanson.

Government & Public Policy
ACDEVCO, stakeholders secure $680,000 award for Atlantic City neighborhood plan

Business leaders have secured nearly $700,000 in state funding for Atlantic City’s Chelsea neighborhood, supporting everything from streetscape improvements to outdoor fitness classes.