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.

Retail
Onyx: Hazlet retail center slated for upgrades amid leases from Aldi, Burlington

Onyx Equities has secured approvals to modernize a 200,000-square-foot shopping center in Hazlet, as it touts the completion of 100,000 square feet of leasing activity at the site.

Industrial
Camden County flex, industrial portfolio sells for $16 million, Colliers says

An investment group has paid more than $16 million to acquire a 21-building, 241,410-square-foot industrial portfolio in Camden County, brokers with Colliers International said Monday.

Professional Services
Avison Young names new property management director in New Jersey

Avison Young has added a longtime industry professional to its New Jersey office to spearhead a series of growth initiatives in the market.

Residential & Mixed Use
Walters opens three buildings at Ocean County rental complex, eyes spring completion

Walters has opened the doors to three of its five buildings planned for a new 60-unit income-restricted apartment community in Ocean County, its latest Jersey Shore-area project.

Office
Mack-Cali hits back against would-be buyer, rebuts claims of ‘refusal to engage’

Mack-Cali Realty Corp. is pushing back against one of its former CEOs, who had sought to acquire the company but now claims its board had “no genuine intention” of exploring the deal.

Retail
Walmart-anchored center in Hamilton fetches $19 million, Marcus says

A developer has reaped more than $19 million from the sale of a Walmart-anchored retail center in Hamilton Township, in a newly announced transaction by Marcus & Millichap.

Professional Services
EWMA plans Pru Center event, live stream to showcase remediation service

Environmental consulting firm EWMA is turning to two new formats — live sports and live streaming — to spread the word about its services.

Office
WCRE inks sale of medical office parcel in Mullica Hill

A developer has sold a nearly one-acre parcel in Gloucester County, where plans call for a medical office building that will tap into demand from a new hospital less than a mile away.

Finance & Capital Markets
Kennedy Funding inks $2.75 million loan for luxury hotel project

Kennedy Funding has closed a $2.75 million loan that will help jumpstart a hotel development in one of Alabama’s largest cities.

Retail
Familiar territory

As you’ll read in this month’s cover story, a project aims to revive what should be prime real estate in East Brunswick, one that hugs a highway with daily traffic of 100,000 vehicles.