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.

Deals
Education tenants add locations in Paramus, Fairview

A landlord in Bergen County has signed two leases with education tenants for a combined 6,500 square feet, under a pair of deals announced by Lee & Associates New Jersey.

Industrial
NAI Mertz inks 23,000 sq. ft. industrial, flex sale in Vineland

A glass and door business has sold a nearly 23,000-square-foot commercial property in Vineland, under a newly announced transaction by NAI Mertz.

Industrial
Woodmont completes 255,000 sq. ft. renewal at Georgia industrial building

Woodmont Industrial Partners has secured a key renewal outside New Jersey, inking a nearly 255,000-square-foot commitment with a logistics firm at a property south of Atlanta.   

Retail
Grocery-anchored center in Denville trades for $23 million, C&W says

An investment firm has acquired a grocery-anchored shopping center in Denville for more than $20 million, under a newly announced sale by Cushman & Wakefield.

Finance & Capital Markets
CMC inks $11 million refi for 35-unit rental project in Fanwood

The owner of a newly completed, 35-unit apartment building in Fanwood has refinanced for $11 million, in a transaction arranged by Commercial Mortgage Capital.

Health Care & Education
Atkins sells 39,000 sq. ft. medical office building in West Orange

Atkins Cos. has sold a 38,500-square-foot medical office building in West Orange, marking the culmination of what it says is a 20-year investment in the property.

Finance & Capital Markets
Kennedy Funding closes $1.5 million loan for Detroit medical facility

Kennedy Funding has closed a $1.5 million loan for the owner of a health care facility in Detroit, where plans include using the site for testing and treating COVID-19 patients.

Office
NKF: Large deals boosted Q1 office market, with COVID-19 impact now looming

New Jersey’s office market saw two major leases and a pair of blockbuster sales in the first quarter, headlining an active start to the year before the onset of the coronavirus crisis.

Residential & Mixed Use
Russo launches virtual tours at Union rental project

With interest still strong at its new luxury rental complex in Union, Russo Development has launched a virtual leasing platform to help maintain that momentum.

Deals
NAI Hanson inks 1,300 sq. ft. medical office lease in Fair Lawn

A spiritual healing center has leased nearly 1,300 square feet at a medical office building in Fair Lawn, under a newly announced transaction by NAI James E. Hanson.