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
State agencies to occupy new 195,000 sq. ft. warehouse in Ewing, Mercer Oak says

Construction is underway on a 195,000-square-foot industrial building in Mercer County that will serve as a new warehouse for several state agencies, according to Mercer Oak Realty.

Top News
Bronsnick to leave SJP Properties after nine years

Peter Bronsnick, SJP Properties’ president for the New Jersey region and a well-known commercial real estate executive in the state, is leaving the company after nearly a decade.

Office
Colliers: Bergman sells 118,000 sq. ft. office building in Bergen County

Bergman Real Estate Group has sold a nearly 120,000-square-foot office building just south of Route 3 in Lyndhurst, according to a brokerage team with Colliers International.

Industrial
E-commerce firm leases 13,000 sq. ft. warehouse in Monmouth, Sheldon Gross says

An e-commerce company has acquired a nearly 13,000-square-foot warehouse in Tinton Falls, under a newly announced transaction by Sheldon Gross Realty.

Industrial
Boniakowski inks sale of 16,000 sq. ft. Middlesex warehouse among latest deals

A fully leased, 16,000-square-foot flex industrial building in Middlesex County has changed hands, in one of several recent deals by The Boniakowski Commercial Real Estate Group.

Finance & Capital Markets
Brazilian farming business lands $2.6 million loan from Kennedy Funding

Kennedy Funding, a direct private lender based in Englewood Cliffs, has closed a $2.64 million loan to the owner of a farming business in eastern Brazil.

Retail
Goldstein Group announces flurry of new retail property sales

A local congregation has acquired a 23,000-square-foot former strip center property in Middlesex County, in the largest of several new deals by The Goldstein Group.

Industrial
Heller, Williams-Sonoma sign 1.2 million sq. ft. lease at 8A spec industrial project

Heller Industrial Parks has preleased a nearly 1.2 million-square-foot industrial project in South Brunswick, landing a full-building commitment from home goods retailer Williams‐Sonoma.

Professional Services
Clarke Caton Hintz announces seven promotions, including new associate principals

Design and planning firm Clarke Caton Hintz has named two new associate principals among seven recent promotions.

Retail
Marcus inks $3 million sale of net-leased auto parts store on Route 22

A private investor has purchased a net-leased auto parts store in Somerset County for more than $3 million, under a newly announced transaction by Marcus & Millichap.