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
Turnbridge lands $80.3 million acquisition loan for Bayonne industrial property, JLL says

Turnbridge Equities has acquired some 613,000 square feet of industrial space on nearly 18 acres in Bayonne with the help of an $80.27 million loan arranged by JLL.

Retail
PREIT adding 120,000 sq. ft. DICK’S House of Sport to Cherry Hill Mall

A new DICK’S House of Sport is coming to the Cherry Hill Mall, marking a key addition to the evolving tenant roster at the PREIT-owned property.

Office
Cushman named leasing agent for two-building, 230,000 sq. ft. office complex near Morristown

Vision Properties has named a new leasing agent for two office buildings outside Morristown, tapping Cushman & Wakefield for the assignment at the 230,000-square-foot portfolio.

Industrial
Camber, Invesco pick NAI Hanson as leasing team for Rockland County industrial portfolio

Camber Real Estate Partners and Invesco have tapped NAI James E. Hanson as their leasing agent for nearly 262,000 square feet of industrial space just north of Bergen County.

Office
MetLife leases 181,000 sq. ft. at Warren campus owned by Vision, Rubenstein

Insurance giant MetLife is headed to Warren Corporate Center in Somerset County, where it will lease nearly 181,000 square feet of office space alongside several other blue-chip tenants.

Hospitality & Tourism
JLL: Hilton Short Hills owner seeking buyer for 314-key property

The 314-key Hilton Short Hills, a well-known property and business destination in one of the state’s top suburban locations for office space, is on the market for sale.

Industrial
Rockefeller, MBK Real Estate to build 2 million sq. ft. logistics park in Central Pennsylvania

Rockefeller Group is expanding to Central Pennsylvania with more than 2 million square feet of new industrial space to be built by its regional development team based in Morristown.

Residential & Mixed Use
New 60-unit Wharton property fully rented after redevelopment project by Diversified

Diversified Properties LLC has completed its lease-up of a new 60-unit luxury apartment building in Wharton just months after unveiling the project.

Retail
Net-leased daycare center property in Parsippany sells for $4.3 million, Marcus says

A private investor has purchased the site of a net-leased daycare center in Parsippany for $4.3 million, brokers with Marcus & Millichap announced last week.

Office
JLL: Exchange operator MIAX signs 94,000 sq. ft. lease renewal at Princeton-area campus

A securities exchange company has signed a lease renewal at a Princeton-area office building, where it occupies more than 94,000 square feet under a deal with Signature Acquisitions.