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.

Government & Public Policy
BPU approves new phase of Community Solar program benefiting warehouse owners, residents

The state’s popular Community Solar Energy Program is expanding once again with a newly announced third phase, setting the stage for fresh revenue opportunities for commercial property owners who lease their rooftops to solar developers.

Industrial
Woodmont, insurance firm recap and acquire 31 acres for Somerset warehouse project

Woodmont Industrial Partners has teamed with a major insurance company to recapitalize and acquire nearly 31 acres in Franklin Township, with plans to build more than 370,000 square feet of modern industrial space just off Interstate 287.

Residential & Mixed Use
Journal Square site zoned for residential, mixed-use on the market for sale, eXp Realty says

A vacant development site in Jersey City’s booming Journal Square neighborhood has hit the market, in a newly announced offering by eXp Realty.

Industrial
SNS Real Estate buys 84,000 sq. ft. South Brunswick warehouse, Avison Young says

SNS Real Estate Investment Group has acquired a vacant 84,000-square-foot industrial building in South Brunswick, in a newly announced deal by Avison Young.

Finance & Capital Markets
Apartment owner lands $2.7 million loan for 43-unit North Plainfield complex, Cronheim says

The owner of a 43-unit garden apartment complex in North Plainfield has closed on $2.65 million in financing, according to a debt placement team with Cronheim Mortgage.

Retail
JLL: IVX Health adding six locations in New Jersey with 14,000 sq. ft. in new leases

A fast-growing network of infusion clinics is expanding in New Jersey with six newly signed retail leases throughout the state, in a series of deals arranged by JLL.

Office
Sanzari signs 2,600 sq. ft. renewal, expansion in Hackensack with criminal defense firm

A criminal defense law firm has signed a lease expansion at Alfred Sanzari Enterprises’ Court Plaza office complex in downtown Hackensack, the landlord announced Tuesday.

Residential & Mixed Use
Veris buys out Ironstate, consolidates ownership of Jersey City Urby in $39 million deal

Veris Residential Inc. is now the sole owner of a distinctive 762-unit apartment tower in Jersey City after acquiring Ironstate Holdings’ 15 percent stake in the building.

Retail
High-end 147,000 sq. ft. North Brunswick retail center on the market for sale, JLL says

The owner of The Shoppes at North Brunswick on Route 1 is seeking a buyer for the nearly 147,000-square-foot upscale retail property, brokers with JLL announced this week.

Professional Services
Mele, Ward help to bolster T&M Associates land development team

T&M Associates has strengthened its land development team in recent months with the addition of industry veterans Joseph Mele and Ryan Ward.