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
Larken inks new leases with Hillsborough dance studios, offering social distancing solutions

Larken Associates has signed two new leases at a flex and industrial campus in Hillsborough, providing new homes for two dance studios that were seeking to safely resume operations.

Retail
Growing smoothie, acai bowl chain adds 2,500 sq. ft. location in Holmdel

A national smoothie and acai bowl franchise has opened a new 2,500-square-foot location at a Holmdel shopping center, under a newly announced lease by Kraft Development II.

Finance & Capital Markets
JLL taps Klein as co-head of New Jersey capital markets group

JLL has named a new co-head of its New Jersey capital markets team, tapping a veteran broker to oversee the firm’s debt and equity placement business in the region.

Government & Public Policy
State seeking new bids, proposals for 80-acre ‘gateway’ parcel at Fort Monmouth

One of the top parcels at the former Fort Monmouth site is back on the market, as state officials seek a new plan for bringing residential and commercial uses to the 80-acre development site.

Residential & Mixed Use
Gebroe-Hammer inks $460 million in multifamily sales in first half of 2020

Gebroe-Hammer Associates is touting the completion of nearly $460 million in multifamily sales year to date, thanks in part to its ongoing activity during the height of the coronavirus crisis.

Office
Parsippany: P3 Properties taps C&W as leasing agent for 550,000 sq. ft. campus

The new owner of a prominent two-building, 550,000-square-foot office complex in Parsippany has picked Cushman & Wakefield as its leasing agent.

Professional Services
Avison Young taps former intern as full-time broker in New Jersey

A former intern with Avison Young has joined the firm’s New Jersey industrial team as a full-time associate.

Office
Camden County office building sells for $400,000

An investment group has acquired a 5,400-square-foot commercial property in Camden County, under a newly completed transaction by Markeim Chalmers Inc.

Finance & Capital Markets
Progress inks $22 million loan for Brooklyn housing developers

A development team has secured a $22 million loan for a newly expanded residential project in Brooklyn, in a transaction arranged by Progress Capital.

Professional Services
Donnelly unveils UV lighting service for sanitizing commercial buildings

A unit of Wayne-based Donnelly Construction is expanding its services with the addition of ultraviolet lighting solutions for commercial real estate owners.