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
REIT plans to convert Lodi retail building to last-mile industrial site, Resource Realty says

A real estate investment trust is set to convert a former big-box retail site in Lodi into more than 170,000 square feet of industrial space, the property’s leasing team announced Tuesday.

Residential & Mixed Use
Larken touts start of 191-unit rental project in Hillsborough

A developer has broken ground on a large mixed-use project in Hillsborough, where plans call for 191 luxury apartments and some 28,000 square feet of retail space.

Industrial
BRC inks sale of 178,000 sq. ft. industrial building in Somerset County

A nearly 180,000-square-foot industrial building in Somerset County has changed hands, following a transaction arranged by Bussel Realty Corp.

Industrial
Lexus dealer renews lease at Bridgewater industrial, flex park

An auto dealership has renewed its 62,400-square-foot lease at a Bridgewater business park, under a newly announced transaction by Transwestern Real Estate Services.

Office
NAI Hanson: Yarn distributor relocates, takes 2,900 sq. ft. in Wayne

A yarn distributor has agreed to lease nearly 3,000 square feet at a Wayne office building, seeking to upgrade its space as part of a move from nearby Paterson.

Office
NKF: Pharma, health care, tech firms could drive post-COVID office demand in New Jersey

The office market may be facing a new normal, but tenants in the life sciences, health care and technology sectors are best-positioned to drive demand in the wake of COVID-19.

Finance & Capital Markets
Elberon inks $20 million refi for Elizabeth cold storage building, JLL says

The owner of a 175,000-square-foot cold storage building in Elizabeth has landed $20 million in long-term financing, in a newly announced transaction by JLL.

Residential & Mixed Use
Roseland unveils rebranded Jersey City apartment buildings (SLIDESHOW)

Roseland Residential Trust has rebranded a trio of luxury apartment buildings in Jersey City, seeking to streamline leasing across the portfolio of more than 1,200 units.

Industrial
Food packager takes 27,000 sq. ft. in Mount Laurel, NAI Mertz says

A food packaging company has leased nearly 27,000 square feet of industrial space in Mount Laurel, under a transaction arranged by brokers with NAI Mertz.

Retail
Gym, restaurant leases bring Hamilton shopping center to full occupancy

A decades-old Mercer County shopping center is at full occupancy after new leases with a fitness chain and a new restaurant, according to brokers with R.J. Brunelli & Co.