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
Vantage RES: Bridal boutique takes 800 sq. ft. at Cherry Hill center

A bridal boutique is expanding its footprint in southern New Jersey with the completion of a new lease in Cherry Hill, according to Vantage Real Estate Services.

Professional Services
With Whole Foods coming to Jersey City, hometown engineering team plays key role

In a Jersey City building, the place where you park your Lexus is going to become the place where you pick up lettuce — a change that has required the help of a locally based engineering team.

Professional Services
JLL hires senior VP to lead property management in New Jersey

A former longtime manager and executive at JLL is returning to the firm to lead its New Jersey property management business.

Industrial
Zimmel touts sale of 67,000 sq. ft. Edison warehouse

A commercial real estate firm has sold a nearly 67,000-square-foot industrial building in Edison, in a transaction brokered by Zimmel Associates and Stricker Realty.

Office
NKF closes sale of Westchester County office complex

An investment firm has acquired a 179,000-square-foot office park in Westchester County, in a transaction arranged by Newmark Knight Frank’s New Jersey-based capital markets team.

Professional Services
Marchetto wins prestigious ‘firm of the year’ honor from AIA-NJ

Marchetto Higgins Stieve Architects has earned a prestigious honor from a top industry association, thanks in part to its major expansion amid the state’s ongoing apartment boom.

Finance & Capital Markets
Procida inks $39 million construction loan for 200-unit Middlesex project

A developer has landed $39 million in construction financing for a new 200-unit apartment complex in Middlesex County, under a newly closed transaction by Procida Funding.

Residential & Mixed Use
M&T closes $100 million loan for Hartz, Maxal rental project in Weehawken

A joint venture has secured $100 million in financing for a newly delivered, 236-unit apartment building along the Hudson waterfront, in a newly announced transaction by M&T Bank.

Residential & Mixed Use
Apartments at historic Newark tower more than half leased, developers say

Renters have flocked to one of Newark’s latest and most distinctive apartment buildings, having leased more than 50 percent of the units at a converted historic office tower on Broad Street.

Office
NKF: New tenants combine for 51,000 sq. ft. at Edison office building

Two tenants have leased a combined 51,000 square feet at a recently upgraded office building in Edison, under a set of transactions announced by Newmark Knight Frank.