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.

People
Denholtz adds first-ever director of development among newest hires

Denholtz Properties has bolstered its in-house development and construction teams with three new hires, as it looks to manage and grow its pipeline of projects in the region.

Residential & Mixed Use
Leasing at Hoboken rental building still strong as in-person tours resume

A new 424-unit apartment building in Hoboken has resumed in-person tours, following a successful spring in which leasing agents used virtual showings to lure prospective renters.

Professional Services
IBS promotes longtime accounting, tech professional to director of product and services

Integrated Business Systems has named a new director of product and services after promoting a 15-year veteran of the commercial real estate technology firm.

Residential & Mixed Use
Zinder: Princeton apartments open after conversion of historic building

A local architect is touting the conversion of a historic building in Princeton to a new 10-unit residential property, bringing much-needed housing to the university town.

Finance & Capital Markets
Maplewood rental project inks construction financing, JLL says

A developer has secured construction financing for a project that will bring new apartments and commercial space to downtown Maplewood, in a newly announced transaction by JLL.

Office
SJP, Scotto eye groundbreaking after sealing approvals for Morristown office project

A development that will transform a stretch of downtown Morristown — bringing 340,000 square feet of high-end office space and new public plazas — is set to break ground in the coming months after securing final approvals from the municipality.

Industrial
C&W: Advance, Greek land $103 million financing package for Logan industrial park

A development team has secured more than $100 million in financing for the first two buildings in a planned 3.2 million-square-foot industrial park in Gloucester County.

Industrial
Saddleback, fulfillment business ink 32,500 sq. ft. lease in Fairfield

Saddleback Real Estate Developers has completed a new lease at a warehouse in Fairfield, securing a 32,500-square-foot commitment from an e-commerce fulfillment company.

Retail
New Jersey investor adds net-leased retail site in Virginia, Marcus says

A buyer has paid more than $3.2 million for a net-leased CVS property in Virginia, under a transaction arranged by Marcus & Millichap’s New Jersey office.

Retail
Vantage RES: Salon owner inks lease in Gloucester County downtown

A salon operator is set to open in Gloucester County after agreeing to lease space in a downtown district near Interstate 295, brokers with Vantage Real Estate Services said Friday.