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.

Finance & Capital Markets
Roseland refinances luxury apartment property in Morris Plains

JLL has arranged $43 million in financing for a newly built, 197-unit luxury apartment property in Morris Plains developed by Roseland Residential Trust.

Residential & Mixed Use
Paterson rental property sells for $1.3 million, Marcus says

A private investor has sold a 13-unit apartment property in Paterson for nearly $1.3 million, under a newly announced transaction by Marcus & Millichap.

Retail
Fitness club inks 49,000 sq. ft. lease in Voorhees

A fitness operator has leased nearly 50,000 square feet to become the new anchor of a Camden County shopping center, according to Soloff Realty & Development Inc.

Office
Denholtz, consulting firm ink 5,200 sq. ft. lease in Red Bank

A telecommunications consulting firm has agreed to lease nearly 5,200 square feet at Denholtz Properties’ newly acquired, two-building office complex in Red Bank.

Office
Hampshire sells Realogy headquarters building in Madison to UAE-based investment firm

The Hampshire Cos. has sold a 270,000-square-foot corporate headquarters building in Madison, the site of a sweeping project that transformed what had been a defunct call center facility.

Industrial
Rockefeller breaks ground on 900,000 sq. ft. spec distribution center in Edison

Rockefeller Group has started construction on a 900,022-square-foot distribution center in Edison, where it is redeveloping the former site of an ExxonMobil research campus.

Residential & Mixed Use
CBRE touts Essex County apartment sales totaling $13.6 million

An investor has paid more than $7.3 million for a 47-unit apartment building in Orange, CBRE said, in the largest of four newly completed transactions in Essex County.

Government & Public Policy
Development group launches first Opportunity Zone projects in Orange

A development team has concluded its first round of fundraising for two projects under the federal Opportunity Zone program, with plans to break ground next year on a combined 168 apartments near the Orange train station.

Professional Services
Sax expands, acquires New York accounting firm

Sax LLP has acquired a New York-based accounting firm as part of a move to expand its footprint beyond its home state of New Jersey.

Retail
Wells Fargo takes 3,600 sq. ft. in Newark, Goldstein Group says

Wells Fargo Bank has relocated an existing branch to the site of a former mattress store in Newark’s Ironbound section, The Goldstein Group announced Monday.