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
Restaurant operator buys Collingswood site, eyes fourth New Jersey location

A restaurant owner with three locations in New Jersey has set its sights on a fourth, acquiring a 2,000-square-foot property in Collingswood.

Government & Public Policy
Sweeney, top Assembly official offer support for renewing state incentive programs

State Senate President Steve Sweeney last week came to the defense of New Jersey’s use of tax incentives — a recent target of Gov. Phil Murphy’s administration — while pledging to find a solution to extend and update the programs by the time they sunset on June 30.

Office
CBRE completes sale of Toys R Us headquarters campus in Wayne

The owners of the defunct Toys R Us chain have sold the retailer’s former 621,000-square-foot corporate headquarters in Wayne, brokers with CBRE announced.

Finance & Capital Markets
Ex-NFL receiver, Amboy Bank ink $51 million loan for Bordentown development

Amboy Bank has closed on some $51 million in financing to help a former NFL player develop more than 400,000 square feet of retail and medical office space in Bordentown.

Residential & Mixed Use
Kislak: Salem County rental complex sells for $14.3 million

A nearly 200-unit apartment complex in Salem County has changed hands for the second time in less than two years, following a $14.3 million deal brokered by The Kislak Co. Inc.

Office
Mertz announces promotions of two longtime office brokers

NAI Mertz has promoted two longtime industry leaders and brokers within its office division.

Office
Repositioned Parsippany office building fetches $66 million

A buyer has paid $66 million to acquire a 400,127-square-foot office building in Parsippany, the site of a well-known effort to renovate and transition the property to a multitenant asset.

Retail
Camden office tower developers unveil plans for new restaurants

Two restaurants are coming to the high-profile, waterfront office tower in Camden that will become the headquarters of three influential South Jersey companies.

Residential & Mixed Use
Investment firm buys 168-unit rental complex in Newton

An investment and property management firm has acquired a 168-unit apartment property in Sussex County for $18 million, with plans to add value through a series of renovations.

Finance & Capital Markets
TriState Capital adds VP, relationship manager

TriState Capital Holdings Inc. has hired a new vice president in New Jersey, with a focus on supporting the bank’s existing client base and growing its business in the region.