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
NKF, Katz ink 37,000 sq. ft. lease for PGA superstore in East Hanover

A new PGA Tour Superstore is coming to Morris County as part of a nearly 40,000-square-foot lease announced by Newmark Knight Frank and Katz & Associates.

Professional Services
Hamilton architecture firm expands, acquires Camden practice

A Hamilton-based design and planning firm has expanded its footprint and bolstered its offerings with the acquisition of a Camden-based practice.

Retail
Specialty grocer taking 12,000 sq. ft. on Route 10 in Parsippany, NAI Hanson says

An Indian grocery store operator has leased 12,000 square feet at a Parsippany retail building, brokers with NAI James E. Hanson announced Tuesday.

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.