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
JLL named leasing agent at 134,000 sq. ft. office building in Matawan

The owner of a nearly 135,000-square-foot office building in Matawan has hired JLL to lure new tenants to the property.

Retail
Rose Commercial touts sale, leases in Medford redevelopment area

A local investor has acquired a 50,000-square-foot retail and industrial building in Burlington County, in one of several newly announced transactions by Rose Commercial Real Estate.

Office
Kay Commercial marketing 11,000 sq. ft. office space in Verona

The owner of an 11,000-square-foot office building in Verona has tapped Kay Commercial Realty as its leasing agent at the property.

Finance & Capital Markets
Kennedy Funding lends $1.4 million for 2,500-acre land deal in Jamaica

Kennedy Funding has closed a $1.4 million loan to the buyer of a vast stretch of waterfront land in southern Jamaica, the Englewood Cliffs-based lender announced this week.

Residential & Mixed Use
Somerset, AvalonBay close land deal in Somerville ahead of 374-unit rental project

Somerset Development has completed the sale of 15 acres in downtown Somerville to AvalonBay Communities Inc., paving the way for the construction of 374 apartments and other uses that will anchor a long-awaited redevelopment project.

Office
Newmark, American Equity Partners tout new office leases totaling 60,000 sq. ft.

The owner of a growing New Jersey office portfolio has inked three new leases, according to Newmark, including a 43,000-square-foot deal at East Brunswick’s Tower Center.

Industrial
CRG, Resource Realty welcome newest users to Morris Plains flex building

A developer and its leasing team have filled more than two-thirds of a new flex commercial building in Morris Plains, with a mix that includes both life sciences and recreation users.

Industrial
Sudler inks four leases totaling 226,000 sq. ft. at Lakewood industrial park

Sudler Cos. has leased up four new speculative industrial buildings in Lakewood, securing 225,600 square feet in commitments as it prepares to break ground on the final property.

Industrial
Metuchen industrial building trades for $6.4 million, BRC says

A technology firm for logistics users has acquired a nearly 42,000-square-foot industrial building in Middlesex County, under a newly announced transaction by Bussel Realty Corp.

Health Care & Education
Urgent care chain seeking locations for new mobile testing centers, R.J. Brunelli says

An affiliate of a Red Bank-based urgent care chain has selected R.J. Brunelli & Co. to help it find new locations for its mobile testing centers.