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
Weiss Realty helps coffee shop, pizzeria donate to front line workers in Edison

Tenants at an Edison shopping center are helping front-line workers in the COVID-19 crisis, providing meals, snacks and coffee to hospital employees and police and fire personnel.

Finance & Capital Markets
Investors eye buying, selling opportunities despite COVID challenges

Commercial real estate still holds opportunities for both sellers and investors — including those in New Jersey — provided they can navigate the challenges of the COVID-19 crisis. That was the message from experts who gathered for a virtual panel discussion on the state of capital markets in the Garden State and elsewhere.

Finance & Capital Markets
G.S. Wilcox inks $17 million loan for Elizabeth warehouse

The owner of a 221,000-square-foot warehouse in Elizabeth has secured $17 million in financing, in a newly announced transaction by G.S. Wilcox & Co.

Finance & Capital Markets
Progress Capital: Lyndhurst self-storage project gets $14.5 million construction loan

The developer of a new self-storage facility in Lyndhurst has landed a $14.5 million construction loan for the project, under a transaction arranged by Progress Capital.

Office
CBRE named co-subleasing agent at Bridgewater office campus

CBRE has landed a new assignment as the co-subleasing agent for a three-building, 674,000-square-foot office campus in Bridgewater.

Retail
Madison retail property sells for $5.9 million, Marcus says

A buyer has paid nearly $6 million to acquire a roughly 10,000-square-foot retail property in Madison, under a sale arranged by Marcus & Millichap.

Industrial
Pharma tenant expands, takes 10,000 sq. ft. in Rahway, Zimmel says

A pharmaceutical manufacturer is tripling its footprint in Rahway, having inked a 10,000-square-foot expansion at a five-building industrial park.

Office
Cherry Hill office tenant signs 5,500 sq. ft. renewal

A tenant at a Cherry Hill office building has renewed its 5,500-square-foot lease, according to brokerage firm Rose Commercial Real Estate.

Top News
Sharbell’s iconic ‘town center’ in Robbinsville, 25 years in the making, is a model for mixed-use

Tom Troy, president of Sharbell Development Corp., has been with the firm since 1987 and has helped spearhead its development of the landmark Washington Town Center project in Robbinsville. — Photo by Aaron Houston for Real Estate NJ By Joshua…

Government & Public Policy
Murphy taps developers, industry leaders economic recovery council

Gov. Phil Murphy has tapped more than three dozen development executives, labor leaders and other industry professionals as part of a new council to help restart New Jersey’s economy.