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.

Professional Services
PS&S moving Warren headquarters, signs 44,000 sq. ft. office lease

Professional services firm PS&S is moving from its longtime headquarters in Warren, inking a new 44,000-square-foot lease at another office building in the township.

Government & Public Policy
NJAA adds new VP of government affairs

The New Jersey Apartment Association has made a new addition to its influential government affairs team.

Industrial
Footwear wholesaler takes 26,000 sq. ft. in Meadowlands

An international footwear wholesaler has leased more than 26,000 square feet of industrial space in Carlstadt, in one of two newly announced transactions by Team Resources Inc.

Industrial
Investors acquire 20,000 sq. ft. industrial building in Flemington, Remco says

A multitenant, 20,000-square-foot industrial building in Flemington has changed hands, following a recent transaction by Remco Realty Group.

Industrial
BRC: Pharmaceutical firm takes 14,500 sq. ft. in Middlesex

A pharmaceutical company is leasing more than 14,000 square feet of industrial space in Middlesex Borough, under a newly announced transaction by Bussel Realty Corp.

Office
JLL: Design firm takes 7,000 sq. ft. at Edison’s Ironside Newark project

Design firm Ware Malcomb is joining the tenant roster at the Ironside Newark project, where it has leased 7,000 square feet under an agreement with Edison Properties.

Industrial
Lee & Associates inks sale of 7,800 sq. ft. warehouse in Belleville

An investor has acquired a 7,800-square-foot warehouse in Belleville and the business that occupies the property, in a recently closed transaction by Lee & Associates.

Finance & Capital Markets
KRE details 8A warehouse project, $35 million construction loan

A joint venture has landed $35 million in financing to move ahead with a planned 382,400-square-foot warehouse project off Exit 8A of the New Jersey Turnpike.

Government & Public Policy
ULI Northern New Jersey names R&J senior account exec as PR chair

The Urban Land Institute’s Northern New Jersey chapter has tapped a Bridgewater-based public relations professional to spearhead its outreach and engagement in the region.

Finance & Capital Markets
Spencer inks $19 million loan for North Brunswick furniture store, strip center

Spencer Savings Bank has closed on a $19 million loan for a major furniture store in North Brunswick, touting its second large commercial real estate transaction in recent months.