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.

Retail
Brunelli: Asian grocer leasing 43,000 sq. ft. in Plainsboro

An East Asian grocery chain will be the newest anchor at a Plainsboro retail center, where it has inked a lease for more than 43,000 square feet.

Industrial
Welding firm relocates, takes 6,600 sq. ft. in Camden County

A welding company is relocating its training center to a flex building in Pennsauken, following a nearly 6,600-square-foot lease arranged by Wolf Commercial Real Estate.

Finance & Capital Markets
New York Life, Hartz ink $115 million mortgage for Secaucus rental property

New York Life Real Estate Investors has completed $115 million in financing for Hartz Mountain Industries and its newly completed, 469-unit apartment complex in Secaucus.

Industrial
HFF inks $8.5 million industrial sale in Hamilton

Matrix Development Group has sold another industrial building in the Exit 7A submarket, HFF announced, commanding $8.5 million for a 76,220-square-foot property in Hamilton.

Residential & Mixed Use
Developer lands HMFA tax credits for South Jersey affordable housing projects

A developer has secured $32 million in financing commitments for a pair of affordable housing projects in Cumberland and Camden counties.

Industrial
Stro announces new hires to support growing industrial footprint

The Stro Cos. has made three new hires to help support and expand its quickly growing portfolio.

Residential & Mixed Use
Jersey City: Boutique condo building welcomes first residents (SLIDESHOW)

The first residents have moved into a new boutique condominium building in Jersey City, where buyers have snapped up more than two-thirds of its 71 luxury homes.

Residential & Mixed Use
Developers reveal amenities at new Weehawken apartments (SLIDESHOW)

Two months after the launch of leasing at a new 236-unit apartment building in Weehawken, a development team has unveiled everything there is to do at the high-end property.

Retail
Already a destination, Garden State Park prepares to add sports betting to retail and restaurant mix

A joint venture is starting on the final piece of more than 1 million square feet of retail and dining space in Cherry Hill, where it has created a destination over more than a decade of development.

The site is now primed to draw even larger crowds later this year with the completion of a new sports book, bar and restaurant, thanks to the recent legalization of sports betting in New Jersey.

Industrial
Sleep products maker, distributor takes 80,000 sq. ft. in New Brunswick

A bedding products manufacturer has leased 80,000 square feet at a New Brunswick industrial building, in a newly announced transaction by Bussel Realty Corp.