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
WCRE: JP Morgan acquires redevelopment site, plans new branch in Marlton

JP Morgan Chase Bank is planning a new branch in Marlton, brokers said, following the lender’s acquisition of a former convenience store and gas station property on Route 70.

Industrial
Developers, brokers launch 4.1 million sq. ft. logistics center project in Linden

A joint venture has kicked off what it says will be the largest active industrial project near the Port of New York and New Jersey, breaking ground on a 4.1 million-square-foot logistics park at a long-vacant site in Linden.

Residential & Mixed Use
Woodmont, city officials open 220-unit rental project in Bayonne

Woodmont Properties has opened the doors to a new luxury apartment complex in Bayonne, its latest residential property and one of many redevelopment projects underway in the city.

Residential & Mixed Use
Prism, Northwestern Mutual close on site of 232-unit project in Woodbridge

A development team has closed on its purchase of a five-acre site in Woodbridge, where it now plans to build a mixed-use project anchored by more than 230 luxury apartments.

Office
Marcus inks $5.75 million sale of West Orange office building

A private investor has sold a nearly 35,000-square-foot office building in West Orange, under a newly announced sale by Marcus & Millichap.

Residential & Mixed Use
‘Welcome to Harrison’: BNE, Hornrock unveil town’s newest luxury rental property

A joint venture has marked the opening of a new 257-unit residential building in Harrison, where renters have already leased nearly a third of the available apartments.

Industrial
Developer acquires Mercer County site, plans 350,000 sq. ft. industrial project

An investment group has acquired a 31-acre site in Mercer County that was once slated for a new hospital, but is now on track to become a 350,000-square-foot industrial development.

Residential & Mixed Use
Developer, HMFA unveil 184-unit apartment complex in North Brunswick

Community Investment Strategies has completed its rehabilitation of a North Brunswick apartment complex, delivering 184 new units that will serve as affordable housing.

Office
Brooklyn investor acquires Cherry Hill office park for $17.4 million, JLL says

A joint venture has sold a three-building office complex in Cherry Hill, under a $17.4 million transaction arranged by JLL.

Finance & Capital Markets
Somerville: HFF inks $13.25 million refi for 69-unit rental complex

The developer of a new 69-unit high-end apartment building in Somerville has refinanced the property for $13.25 million, brokers with HFF announced Wednesday.