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.

Finance & Capital Markets
HFF brokers $29 million loan for Research Triangle project

A developer has secured nearly $29 million in financing for a project in North Carolina’s Research Triangle, in a transaction led by brokers from HFF’s New Jersey office.

Retail
Goodwill finds new location in Camden County, Vantage RES says

A regional Goodwill organization is relocating within South Jersey, following a 15,000-square-foot lease brokered by Vantage Real Estate Services.

Office
Upgrades planned for West Orange office building (RENDERINGS)

The owner of a well-known, 125,000-square-foot office building in West Orange has unveiled its plans to upgrade the property after acquiring it last year.

Professional Services
C&W announces 15 broker promotions in New Jersey

Cushman & Wakefield has named two new executive vice chairmen in New Jersey, part of 15 newly announced broker promotions in the firm’s three offices in the state.

Finance & Capital Markets
Progress brokers $4.3 million loan for Passaic residential project

The developer of a new 40-unit multifamily building in Passaic has secured more than $4 million in financing, Progress Capital Advisors said last week.

Industrial
Team Resources inks new industrial deals in Bergen, Passaic counties

A plastics and packaging company has renewed its 83,000-square-foot lease in Wood-Ridge, in one of several deals announced last week by Team Resources Inc.

Retail
7-Eleven commits to additional Newark location

Convenience store chain 7-Eleven has found another location in downtown Newark, where it will occupy a recently renovated building near the Prudential Center.

Office
IT services firm agrees to buy former Merck HQ in Readington, plans fall closing

The long-awaited sale of the massive Merck & Co. property in Readington is slated to close this fall, following the news that a California-based IT services firm has agreed to purchase the site.

Residential & Mixed Use
Lennar subsidiary breaks ground on 180-unit Jersey City project

Construction is underway on a new mixed-use project that calls for bringing 180 apartments, retail space and a black-box theater to an arts district in downtown Jersey City.

Professional Services
PS&S announces eight promotions, including five new principals

Design and engineering firm PS&S has named five new principals, part of eight new promotions that took effect late last month.