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
R.J. Brunelli adds former Toys R Us real estate exec as VP

A longtime real estate executive for Toys R Us and other retailers has joined R.J. Brunelli & Co. LLC to fill a newly created tenant representation position.

Residential & Mixed Use
AC Devco eyes $62 million expansion of Stockton campus in Atlantic City

The next phase of Stockton University’s new campus in Atlantic City could begin as soon as this fall, with plans calling for a six-story residential building for more than 400 students.

Retail
Hampshire, Pinnacle win approvals to revive Montclair’s Lackawanna Plaza

Local officials have cleared the way for a joint venture to restore and reposition a century-old train station and retail plaza in Montclair, where the firms now hope to deliver more than 200,000 square feet of new commercial and residential space.

Finance & Capital Markets
Meridian inks $52 million refi for Aberdeen rental project

BNE Real Estate Group has secured $52 million in financing for a newly built, 227-unit apartment complex in Aberdeen, under a transaction arranged by Meridian Capital Group.

Industrial
AY: Food distributor leases 101,000 sq. ft. in Fair Lawn

A food company has taken more than 100,000 square feet in Fair Lawn for a new packaging and distribution facility, brokers with Avison Young said Monday.

Industrial
Former Wayne lacrosse center lands new tenant, Zimmel says

A freestanding, 40,600-square-foot recreational center in Wayne has a new occupant, following a transaction announced by Zimmel Associates

Office
NKF: Life sciences deals in Florham Park, Bridgewater lead Q1 office leasing

Two life sciences companies have taken a combined 215,000 square feet in Morris and Somerset counties, accounting for New Jersey’s largest new office leases during a positive first quarter.

Industrial
Cabinetry importer takes 111,000 sq. ft. in Ridgefield, Lee & Associates says

An importer and distributor of cabinetry has leased 111,000 square feet at a new industrial building in Ridgefield, in one of several newly announced transactions by Lee & Associates.

Professional Services
Colliers announces recent hires to New Jersey brokerage team

Colliers International is touting the recent addition of two young brokers in New Jersey.

Industrial
Self-storage REIT acquires 1,900-unit Newark property

An investment group has acquired a 158,000-square-foot warehouse and self-storage building in Newark, where it’s planning a series of upgrades and a new marketing campaign.