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
Logistics firms take 330,000 sq. ft. in separate Edison transactions, Lee & Associates says

Two logistics users have combined to lease more than 330,000 square feet in Edison, in a pair of newly announced industrial deals by Lee & Associates New Jersey.

Finance & Capital Markets
G.S. Wilcox touts $57 million in new loans for commercial, multifamily clients

G.S. Wilcox & Co. has sourced a combined $13.2 million in financing for two commercial properties on Route 22, in transactions that come amid $57 million in recent activity.

Industrial
BRC: Elevator contractor expands, acquires 40,000 sq. ft. Linden building

An elevator contractor has acquired a 40,000-square-foot industrial building in Linden, under a newly announced transaction by Bussel Realty Corp.

Professional Services
PS&S adds veteran wastewater utility official to Wall office

PS&S has hired a longtime public utility official in Monmouth County as the newest edition to its water resources team.

Industrial
NAI Hanson inks sale of 82-acre lot in Warren County

The owner of a former automotive and truck parts recycling facility in Warren County has sold the nearly 82-acre site, in a transaction arranged by NAI James E. Hanson.

Residential & Mixed Use
FREIT, Kushner Cos. agree to $266.5 million sale of 1,000-unit rental portfolio

A real estate investment trust is selling seven apartments properties in New Jersey and New York for $266.5 million, as the portfolio’s buyer continues to grow its suburban multifamily holdings.

People
MHS Architects hires project manager to support growing pipeline

Marchetto Higgins Stieve Architects has made its first new hire of 2020, continuing its rapid expansion amid the ongoing boom for luxury residential projects.

Residential & Mixed Use
Gold Coast condo building more than 75 percent sold

A waterfront residential building in West New York is more than 75 percent sold, thanks in large part to low mortgage rates and a rare winter surge in home buying activity.

Office
WCRE: Consulting firm inks 9,200 sq. ft. lease in Burlington County

A consulting firm has leased more than 9,000 square feet at a Moorestown commercial building, under a newly announced transaction by Wolf Commercial Real Estate.

Residential & Mixed Use
Developers unveil luxury apartments in Rahway, eye second phase

A joint venture has taken the wraps off a new 116-unit high-end apartment building in downtown Rahway, the first of two planned phases of a site just minutes from the city’s train station.