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
Vantage Commercial: Tire company buys 42,000 sq. ft. industrial property in Camden County

A tire distributor has acquired a 42,000-square-foot industrial building in the Blackwood section of Gloucester Township, brokers with Vantage Commercial announced last week.

Residential & Mixed Use
Larken Associates wins three Sales and Marketing Awards at Atlantic Builders Convention

Larken Associates has earned high praise for its team and its promotion of a new rental property in Hunterdon County, winning multiple honors at the New Jersey Builders Association’s annual Sales and Marketing Awards.

Residential & Mixed Use
West Side Square takes shape in Jersey City as developers eye 357-unit second phase

The team behind a 477-unit luxury apartment complex that’s under construction in Jersey City has unveiled plans for a second phase, one that would bring another 357 units to the area.

Professional Services
Greenbaum elects Koonz as fourth managing partner in firm’s 111-year history

Greenbaum, Rowe, Smith & Davis LLP, the storied New Jersey law firm, has named environmental and energy attorney Barbara J. Koonz as its new managing partner.

Industrial
Cervenka, PREMIER break ground on 119,000 sq. ft. Denville warehouse for Zippy Shell

Construction is underway on a nearly 119,000-square-foot industrial building in Denville that will be home to a fast-growing moving and storage company.

Professional Services
NAIDB’s Gerace promoted to vice president

NAI DiLeo-Bram & Co. has promoted broker Kyle Gerace to vice president, touting his role in several major industrial deals and in strengthening the firm’s standing in the market.

Office
WCRE: Multitenant 50,000 sq. ft. office building in Marlton changes hands

An investor has acquired a more than 50,000-square-foot office building in the Marlton section of Evesham Township, in a newly announced deal by Wolf Commercial Real Estate.

Finance & Capital Markets
Owner of 108,000 sq. ft. Chatham retail center secures $8.5 million loan, Cronheim says

A local operator has closed on $8.5 million in financing for a grocery-anchored shopping center in Chatham, in a newly announced transaction by Cronheim Mortgage.

Featured
Greenbaum Rowe mourns loss of Wendell A. Smith, name partner and distinguished real estate attorney of five decades

Greenbaum, Rowe, Smith & Davis LLP has announced the passing of Wendell A. Smith, a prominent, well-respected real estate lawyer and name partner who practiced in the state for more than 50 years.

Residential & Mixed Use
Kushner opens 265-unit rental property after redeveloping East Hanover office building (SLIDESHOW)

Kushner has welcomed its first residents to a new 265-unit luxury apartment property in East Hanover, where it has brought new life to the former site of an aging office building.