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
Developer unveils 58-unit apartment building in downtown Morristown

A developer has taken the wraps off a boutique apartment building in Morristown, seeking to lure renters with oversized floorplans and a location near the town’s central business district.

Office
NKF tapped to market Giralda Farms office building

An investment group has picked Newmark Knight Frank as its leasing agent at a well-known office building in Madison, where it’s now marketing 115,000 square feet.

Industrial
Two more tenants commit to Newark industrial campus, taking 59,000 sq. ft.

Two tenants have combined to lease nearly 60,000 square feet at a Newark industrial complex, in a set of transactions arranged by NAI James E. Hanson.

Finance & Capital Markets
NYL closes $36.5 million mortgage for Morristown apartment, retail building

The owner of a 130-unit luxury apartment building in Morristown has secured a $36.5 million mortgage, in a newly announced transaction by New York Life Real Estate Investors.

Finance & Capital Markets
Progress Capital inks $13.5 million in financing for Queens rental project

Progress Capital has arranged $13.5 million in financing for a redevelopment project in New York City’s Rockaway Park neighborhood.

Residential & Mixed Use
KRE Group launches construction at second piece of Bayonne residential project

Kushner Real Estate Group has broken ground on the second piece of a luxury multifamily project in Bayonne, with plans to deliver more than 200 additional units by late next year.

Professional Services
LMC adds new leasing rep for growing retail portfolio

Levin Management Corp. has bolstered its regional leasing team with the addition of a longtime brokerage professional.

Retail
JLL inks sale of grocery-anchored center in Upstate New York

An investment firm has acquired a grocery-anchored retail center in Upstate New York, in a transaction arranged by JLL’s New Jersey capital markets group.

Industrial
Stro acquires 78,000 sq. ft. industrial building in Fairfield

The Stro Cos. has purchased a fully occupied, 78,000-square-foot industrial property in Fairfield, the Ridgewood-based firm announced Monday.

Retail
R.J. Brunelli seeking second tenant for ex-Sears building in Monmouth County

The owner of a 775,000-square-foot power center in Monmouth County has tapped R.J. Brunelli & Co. to help it backfill part of a former Sears building.