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.

Industrial
BRC: Moving, storage company takes 17,500 sq. ft. in Linden

A moving and storage business has leased 17,500 square feet at a Linden industrial building, under a newly announced transaction by Bussel Realty Corp.

Retail
Vantage RES inks lease for Marine Corps. recruiting center in Marlton

The U.S. military has leased 2,500 square feet at a Marlton shopping center, where it plans to open a new recruiting office for the Marine Corps.

Industrial
NKF: Buyer of Meadowlands office site plans industrial redevelopment

The site of a Lyndhurst office complex is slated for redevelopment as a new 110,000-square-foot industrial building, following a recent transaction by Newmark Knight Frank.

Residential & Mixed Use
Petrucci, TD+Partners kick off second phase of $40 million Plainfield project

A joint venture has broken ground on 90 new apartments in Plainfield, marking the second phase of a mixed-use project to redevelop a site that sat vacant for some three decades.

Office
JLL named leasing agent at 213,000 sq. ft. office building in Warren

The owner of a nearly 215,000-square-foot office building in Warren has hired JLL as its leasing agent at the property.

Government & Public Policy
Developer, HMFA break ground on 103-unit affordable project in Mount Laurel

Construction is underway on a 103-unit affordable housing complex in Mount Laurel, thanks in part to a subsidy package from the New Jersey Housing and Mortgage Finance Agency.

Retail
Swim school takes 5,900 sq. ft. in Cedar Knolls

A growing swim school chain has leased nearly 6,000 square feet for a new location in Cedar Grove, under a transaction announced by The Goldstein Group.

Residential & Mixed Use
Bijou launches leasing at boutique Hoboken rental project

Bijou Properties is set to debut its latest project in Hoboken, announcing the launch of leasing at a new 34-unit apartment building in the city’s northern end.

Top News
Redevelopment of ‘white elephant’ in Parsippany is moving ahead, anchored by plans for downtown-style shopping and dining

Four years after acquiring a defunct office complex in Parsippany, Stanbery Development Co. is on a clearer path toward fulfilling its plans for a high-end, downtown-style destination at the 17-acre site, which includes about five acres in neighboring Hanover. Known as The District at 1515, the project calls for 100,000 square feet of retail space, 441 residential units and a hotel.

Finance & Capital Markets
JLL inks $11 million refi for 157,000 sq. ft. corporate park in Closter

The owner of a five-building commercial park in Bergen County has refinanced for $11 million, following a transaction arranged by brokers with JLL.