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.

Residential & Mixed Use
Montclair rental building 50 percent leased

A new boutique apartment building in Montclair is 50 percent leased, reaching the milestone a month after opening its doors to residents.

Finance & Capital Markets
Kennedy Funding lends $2 million to Texas property owner

Kennedy Funding has closed on nearly $2 million in financing for the owner of two land tracts in Fort Worth, Texas, paving the way for a separate transaction in the city.

Office
Hartz, AXA combine to lease 95,000 sq. ft. at Secaucus office building

Hartz Mountain Industries has signed a new 54,000-square-foot office lease in its longtime home of Secaucus, in one of two newly announced transactions by JLL.

Residential & Mixed Use
NJBA honors top communities, professionals at annual SAM awards

Some of the state’s newest residential communities shared the spotlight last week, headlining dozens of honorees at an annual banquet hosted by the New Jersey Builders Association.

Industrial
NKF inks 65,000 sq. ft. renewal at Pine Brook industrial building

A manufacturer has renewed its 65,000-square-foot lease at a Morris County industrial building, under a newly completed transaction by Newmark Knight Frank.

Industrial
Food industry business leases 44,000 sq. ft. in Linden, BRC says

A food-related tenant is taking more than 44,000 square feet at a Linden industrial building, in a lease arranged by Bussel Realty Corp.

Industrial
Logistics firm for wine and spirits industry takes 114,000 sq. ft. in North Bergen

A logistics company has leased nearly 114,000 square feet at a newly developed industrial building in North Bergen, brokers with Team Resources Inc. announced Wednesday.

Professional Services
Walsh Co. names Buckley to lead environmental solutions team

The Walsh Co. has expanded its service lines to include an environmental solutions practice, hiring a prominent industry professional to lead the division.

Residential & Mixed Use
Joint venture opens latest luxury rental project in Jersey City

A joint venture has opened the doors to a 137-unit apartment building in Jersey City, the latest piece of a project that has transformed a onetime industrial neighborhood.

Industrial
Binswanger: Pet food maker sells Pennsauken industrial buildings for $18 million

A pet food company has sold two Pennsauken industrial buildings for a combined $18 million, in a set of transactions by Binswanger Commercial Real Estate Services.