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.

Industrial

Connors touts 20,000 sq. ft. industrial lease in Raritan Center

The owner of a warehouse in Edison’s Raritan Center complex has signed a nearly 20,000-square-foot lease at the property, according to the William F. Connors Agency.

Finance & Capital Markets

Joint venture lands $49 million loan for luxury rental project in Hackensack, JLL says

A development group has secured a nearly $49 million construction loan for a 271-unit luxury apartment building in Hackensack, under a newly announced transaction by JLL.

Office

CBRE inks sale of 75,000 sq. ft. Parsippany office building

Lincoln Property Co. has reaped $9 million from the sale of a three-story, 75,049-square-foot office building in Parsippany, brokers with CBRE announced Monday.

Finance & Capital Markets

Capital markets firm opens New Jersey office, adds veteran brokers

A real estate financial advisory firm has added two capital markets brokers in New Jersey as part of a newly announced expansion into the state.

Industrial

JLL expands Northeast industrial team with two Pennsylvania brokers

JLL has added two veteran Pennsylvania brokers to its regional industrial team.

Retail

Vantage RES: Dealership finds new home in Camden County

An auto dealership has acquired a 23,000-square-foot building and a 1.6-acre lot in Pennsauken, in a transaction arranged by Vantage Real Estate Services.

Mack-Cali pulls three nominees for board election, heeding shareholder input

Mack-Cali Realty Corp. has withdrawn three of its incumbent nominees for the company’s upcoming board election, citing shareholder feedback ahead of its June 10 annual meeting.

Office

Education user takes 17,500 sq. ft. in Wayne, Newmark says

An educational services organization has leased 17,500 square feet at a Wayne office building, according to brokers with Newmark Associates who arranged the transaction.

Retail

Net-leased bank property in Aberdeen fetches $2.2 million, Marcus says

A private investor has purchased a nearly 3,500-square-foot bank property in Monmouth County, under a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use

FEM offers virtual tours at soon-to-be-complete condos in Long Branch

The developer of 42 luxury condominiums in Long Branch is offering virtual sales appointments, as it nears completion and prepares to welcome residents to the beachfront property.