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.

Finance & Capital Markets
JLL details sale, financing of Cherry Hill office portfolio

The buyer of three office buildings in Cherry Hill has completed its purchase with nearly $25 million in acquisition financing, brokers with JLL announced Tuesday.

Professional Services
Chilmark announces new VP on brokerage team

Chilmark Real Estate Services LLC has bolstered its sales team with the hiring of a new vice president.

Industrial
Denholtz completes 16,000 sq. ft. flex lease in Bridgewater

A new tenant is coming to Denholtz Properties’ 17-building business park in Somerset County, where it has inked a lease for more than 16,000 square feet of flex industrial space.

Retail
Monmouth County retail center trades for $4.5 million

An investor has sold a Monmouth County retail property for nearly $4.5 million, under a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
Workforce housing investor, manager launches $50 million acquisition fund

A real estate investment and management firm has launched a $50 million fund to acquire transit-oriented, workforce housing in New Jersey and elsewhere in the Northeast.

Deals
Eatontown flex building fetches $11.6 million, Resource Realty says

An affiliate of Denholtz Properties has acquired a roughly 110,000-square-foot commercial building in Eatontown, in one of several newly announced deals by Resource Realty.

Retail
Flooring chain coming to ex-Kmart space in Toms River, takes 96,000 sq. ft.

A national flooring retailer has taken nearly 100,000 square feet at the site of a former Kmart store in Toms River, in a newly announced lease by Jeffery Realty.

Office
Mount Laurel flex park fetches $10.7 million, Colliers says

A private investor has acquired a five-building, 96,000-square-foot office and flex park in Mount Laurel for nearly $11 million, brokers with Colliers International announced Monday.

Industrial
BRC: Health products manufacturer subleasing 65,000 sq. ft. in South Brunswick

A maker of health and beauty products will occupy nearly 65,000 square feet of industrial space in South Brunswick, under a newly announced sublease by Bussel Realty Corp.

Photos
Monmouth students win intercollegiate real estate competition

The Kislak Real Estate Institute at Monmouth University recently hosted its second annual Intercollegiate Real Estate Academic Competition, where students from the West Long Branch school won top honors among six teams that participated.