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
JLL inks $46.5 million refi for Howell shopping center

The owner of a Monmouth County shopping center has secured $46.5 million to refinance the property, under a newly announced transaction by JLL.

Office
Atkins, Woodmont hail lease-up of medical office building in Gloucester Co.

A new 40,000-square-foot medical office building in Gloucester County is fully leased, marking the latest milestone for a joint venture’s mixed-use redevelopment project.

Retail
CBRE: Weight loss service inks 2,000 sq. ft. retail lease in Bound Brook

A weight loss service is among the newest tenants at a Somerset County shopping center, under a 2,000-square-foot lease announced Tuesday by CBRE.

Editor’s Note
Good vibes

As you’ll read in this month’s cover story, local leaders in Red Bank are increasingly open to the idea of redevelopment and smart growth in their community. The 2.2-square-mile borough has long held the cachet of towns such as Montclair and Morristown, but new mixed-use projects have been few and far between.

Professional Services
Past meets present at NAI Hanson’s long-awaited new headquarters in Teterboro (SLIDESHOW)

NAI James E. Hanson opened its new 17,000-square-foot headquarters in Teterboro last fall, honoring its past while creating a modern workplace for its brokers, property managers and other employees.

Industrial
Stro acquires 83,000 sq. ft. industrial complex in Hackensack

The Stro Cos. has expanded its industrial holdings with the addition of a two-building, 83,000-square-foot portfolio in Hackensack.

Residential & Mixed Use
March Associates completes assisted living complex in Monmouth County (SLIDESHOW)

A developer has opened the doors to a senior housing and assisted living complex in Monmouth County, under a newly delivered project by March Associates Construction Inc.

Professional Services
Energy management software firm launches procurement platform

A software developer that helps landlords manage their energy costs has unveiled a new tool aimed at streamlining procurement, seeking to find additional savings for building owners.

Retail
Hamilton retail center sells for $3 million

A private investor has sold a fully leased, 11,500-square-foot retail center in Hamilton for $3 million, brokers with Marcus & Millichap announced last week.

Industrial
The RealReal opens 490,000 sq. ft. e-commerce center in Perth Amboy

An online luxury consignment shop has officially added to its footprint in New Jersey, marking the opening of its nearly 500,000-square-foot distribution center in Perth Amboy.