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.

Office
NAI Mertz named leasing agent at Mount Laurel office building

A landlord has picked NAI Mertz as its leasing agent at a recently upgraded, 52,300-square-foot office building in Mount Laurel.

Industrial
JLL adds former Bed Bath real estate executive to Northeast industrial team

A former top real estate executive for Bed Bath & Beyond has joined JLL’s industrial team in the region, bringing decades of experience and expertise in logistics and supply chains.

Residential & Mixed Use
Construction underway at 190-unit rental project in Riverside, Kokes says

Kokes Properties has broken ground on the first piece of a 190-unit luxury rental community at the former site of an iconic garment factory in Riverside.

Professional Spotlight
MSW names new counsel in commercial real estate, finance groups

Murphy Schiller & Wilkes LLP has added a veteran attorney to its growing commercial real estate and finance practice groups, the Newark-based firm announced.

Industrial
CBRE: Vineland industrial building sold to private equity firm, fetching $22 million

A private equity firm has expanded its industrial portfolio in the state with the purchase of a fully leased, 269,500-square-foot property in Vineland, according to brokers with CBRE.

Finance & Capital Markets
Joint venture lands $88 million acquisition loan for Somerset apartment deal

A joint venture has secured $88 million in financing for its acquisition of a 384-unit luxury multifamily property in the Somerset section of Franklin, according to JLL.

Office
Investors Bank sells, leases back Robbinsville building in $20 million deal, C&W says

Investors Bank has sold and leased back its well-known office and retail building in Robbinsville, under a newly announced transaction by Cushman & Wakefield.

Office
Two new tenants coming to historic Jersey City office, retail building

Two new tenants have taken space at a historic commercial building in Jersey City, under a set of newly completed leases by Grid Real Estate.

People
Sommer joins Kushner Cos. as executive VP for development, construction

A veteran development executive has joined Kushner Cos., bolstering its team as the firm continues to grow its pipeline in the region and throughout the East Coast.

Office
Bergman announces acquisition of Princeton office building, securing $14 million loan

A partnership led by Bergman Real Estate Group has acquired a 160,000-square-foot, Princeton-area office building from Mack-Cali Realty Corp.