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
BRC: Lighting company takes 13,000 sq. ft. in Piscataway

A lighting company has leased nearly 13,000 square feet of industrial space in Piscataway, in the largest of three newly announced transactions by Bussel Realty Corp.

Finance & Capital Markets
Mack-Cali lands $300 million loan for 750-unit tower in Jersey City, CBRE says

Mack-Cali Realty Corp. has closed on a $300 million construction loan for its planned 750-unit residential tower in downtown Jersey City, brokers with CBRE announced Monday.

Finance & Capital Markets
JLL inks $32 million refi for Hampshire-owned shopping center in Lyndhurst

The Hampshire Cos. has secured a $32 million loan to refinance a fully leased, grocery-anchored retail center in Lyndhurst, under a newly completed transaction by JLL.

Residential & Mixed Use
Plainfield: Paramount breaks ground on 70-unit project near train station

Paramount Assets has launched construction for a project that will bring dozens of new luxury apartments and retail space to an area near one of Plainfield’s train stations.

Retail
National developer unveils 186,000 sq. ft. Walmart in Linden

A developer has opened the doors to a new Walmart Supercenter in Linden, the first piece of a planned 350,000-square-foot shopping center along Route 1 and 9.

Professional Services
CBRE promotes Philadelphia, New Jersey investment sales broker to vice chairman

A veteran investment sales broker in CBRE’s New Jersey and Philadelphia markets has earned a promotion to vice chairman, the highest title for producers within the company.

Office
KABR touts 235,000 sq. ft. extension by Samsung, success of Ridgefield Park campus

The KABR Group is hailing its recently completed lease extension in Ridgefield Park with Samsung’s U.S. subsidiary, in a deal that comes 10 years after the electronics giant helped seal one of the first high-profile, post-recession turnarounds of a New Jersey office building.

Office
Meadowlands chamber unveils new headquarters, meeting space of the future

The Meadowlands Chamber has opened the doors to a new headquarters and visitors center in Lyndhurst, debuting a space with high-end technology and modern meeting rooms that will help expand the resources for businesses in the region.

Residential & Mixed Use
Jersey City, developers eye 1.5-acre park space for new residential neighborhood

Developers and local officials have broken ground on a new $2 million park in Jersey City that will look to be a focal point for an emerging residential neighborhood.

Office
Paramount, nonprofit ink 20,000 sq. ft. lease in Newark

A nonprofit is relocating within Newark to a building owned by Paramount Assets, under a newly announced 20,000-square-foot lease with the real estate investment firm.