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
Greenbaum Rowe joins Circulate NJ as latest member of logistics industry coalition

The business coalition known as Circulate NJ has welcomed another member, announcing the addition of powerhouse law firm Greenbaum, Rowe, Smith & Davis LLP.

Industrial
CBRE: EQT buys Salem County parcels approved for 707,000 sq. ft. logistics park

A developer has sold nearly 50 acres in Salem County with approvals in place for more than 707,000 square feet of new ground-up industrial space, brokers with CBRE announced.

Hospitality & Tourism
Renovated 84-key hotel in Flemington changes hands in Berkadia-brokered deal

JDK Management Co. has sold a recently renovated, 84-key hotel in Flemington, in a newly announced deal by Berkadia.

Health Care
AST, Robert Wood Johnson mark debut of 229,000 sq. ft. medical pavilion in New Brunswick

AST has completed its latest project in downtown New Brunswick, delivering a new 229,000-square-foot ambulatory care facility for Robert Wood Johnson University Hospital.h

Retail
Kushner details newest retail leases at $500 million Monmouth Square project in Eatontown

Kushner has signed a flurry of retail leases to bring new food and beverage and fitness operators to Monmouth Square, its landmark redevelopment of the Monmouth Mall site in Eatontown.

Industrial
Iron Hill: Construction set to begin for 122,000 sq. ft. Link Logistics warehouse in Parsippany

Iron Hill Construction Management has broken ground on a nearly 122,000-square-foot warehouse in Parsippany, where Link Logistics is repurposing a former vacant office property.

Industrial
Avison Young: Libiao Robotics takes 8,000 sq. ft. in Hillsborough for new U.S. showroom

A robotics company has leased 8,000 square feet of industrial space in Hillsborough for its first U.S. showroom, in a newly announced deal by Avison Young.

Professional Services
Van Name joins Bennett Realty & Development as associate

Bennett Realty & Development has expanded its Holmdel-based brokerage team with the addition of Alex Van Name as an associate.

Office
JT Magen delivers 178,000 sq. ft. global headquarters for Lord Abbett & Co. in Jersey City

Investment manager Lord Abbett & Co. LLC has opened its new global headquarters in Jersey City, where it occupies more than 178,000 square feet built out by JT Magen.

Finance & Capital Markets
IDB Bank provides $30 million loan to refinance new 155-unit Newark rental building

TAY Investments has refinanced a new 155-unit apartment building in Newark with the help of a $30 million loan from IDB Bank, the lender announced recently.