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
R.J. Brunelli named leasing agent for Monroe shopping center

The owners of a grocery-anchored shopping center in Middlesex County have selected R.J. Brunelli & Co. as the property’s leasing agent.

Industrial
I.CON panel: Industrial values holding strong, despite post-COVID uncertainty

Industrial space remains a coveted asset class for investors, despite questions about short-term rent growth and other uncertainties in the wake of the coronavirus crisis.

Health Care & Education
JLL: Biologics firm takes 68,000 sq. ft. at Cranbury manufacturing facility

A pharmaceutical company has signed a full-building, 68,000-square-foot lease at a clinical manufacturing facility in Cranbury, brokers with JLL announced Friday.

Office
Private equity firm adds Mount Laurel complex for $15 million

An investment group has acquired a seven-building, 244,000-square-foot office and flex portfolio in Mount Laurel, under a newly announced transaction by CBRE.

Residential & Mixed Use
Hekemian & Co. debuts 254 apartments in downtown Hackensack

Hekemian & Co. has unveiled a new 254-unit residential building in Hackensack, the latest addition to the city’s growing stock of luxury apartments.

Industrial
Amazon opening 14 new last-mile ‘delivery stations’ in New Jersey

Amazon is adding to its already-vast footprint in New Jersey, announcing plans for 14 new locations geared toward the last mile of its fulfillment process.

Finance & Capital Markets
JLL secures $12 million credit facility for apartment owner

The owner of four multifamily properties in the region has landed a $12 million credit facility, under a transaction arranged by JLL’s Morristown-based capital markets team.

People
Woodmont names new director of human resources

Woodmont Properties has added to its leadership ranks with the hiring of a veteran human resources director.

Office
Bergman details guidelines, building upgrades for returning office tenants

Bergman Real Estate Group has unveiled its plans for helping tenants return safely and confidently to its portfolio of office space across New Jersey.

Office
Investor acquires 40,000 sq. ft. office and retail center in Parsippany

A private investor has sold a mixed-use commercial property in Parsippany for nearly $4.4 million, under a newly announced transaction by The Kislak Co. Inc.