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
Online fashion reseller takes 105,000 sq. ft. at revamped Moonachie building

An online market for preowned fashion accessories is leasing more than 100,000 square feet of industrial space in Moonachie, under a recent transaction with EverWest Real Estate Investors.

Office
Mount Laurel: Investor plans upgrades at newly acquired 56,000 sq. ft. office building

A real estate investment firm has acquired a 56,016-square-foot office building in Mount Laurel, with plans to complete a series of upgrades in its bid to attract new tenants.

Office
Sanzari nears completion of new-look outdoor space at Glenpointe

Alfred Sanzari Enterprises has all but completed a major renovation of a 22,000-square-foot outdoor space at its flagship Glenpointe campus in Teaneck.

Finance & Capital Markets
NYL inks $60.2 million mortgage for Hartz industrial portfolio

Hartz Mountain Industries has landed a $60.2 million loan from New York Life Real Estate Investors for a five-building, 613,726-square-foot industrial portfolio in three municipalities.

Government & Public Policy
Murphy signs bill to provide redevelopment designation for stranded malls, office parks

Gov. Phil Murphy has signed into law a bill that could help resurrect so-called stranded assets across the state, allowing municipalities to provide new redevelopment incentives for vacant or underused shopping malls and office parks.

Office
Lee & Associates: KRE Group, gas supplier complete 35,000 sq. ft. lease in Warren

Kushner Real Estate Group has leased more than 35,000 square feet of office space in Warren to an industrial gases supplier, brokers with Lee & Associates announced Friday.

Office
WCRE completes 2,500 sq. ft. lease with surgery center in Mullica Hill

A surgery practice has leased 2,500 square feet of medical office space in Gloucester County, under a newly announced transaction by Wolf Commercial Real Estate.

Residential & Mixed Use
Developers of mixed-use Jersey City property ink $42 million refi, JLL says

A development group has refinanced a newly built, mixed-use apartment and retail property in Jersey City, under a $42 million transaction arranged by JLL.

Office
CBRE: Investor acquires Paramus medical office building for $20 million

A private investor has acquired a 75,000-square-foot medical office building in Paramus for $20 million, brokers with CBRE said Thursday.

Industrial
Wine importer, distributor takes 100,000 sq. ft. in Bergen County

A wine importer and distributor has leased more than 100,000 square feet of industrial space in Northvale, in a newly announced transaction by Team Resources Inc.