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.

Government & Public Policy
Permitting dashboard, staffing shortages in focus as Sherrill-led regulatory reform advances, Doucette tells NAIOP New Jersey

Gov. Mikie Sherrill’s team has taken key steps toward streamlining approvals, creating a real-time permitting dashboard and growing headcount at agencies like the Department of Environmental Protection, a top administration official told NAIOP New Jersey last week.

Deals
Jersey City investor buys 15-unit property for $5.7 million, headlining recent IPRG deals

A local investor has purchased a 15-unit apartment property in Jersey City for $5.7 million, in one of several recent transactions by IPRG’s New Jersey team.

Office
Parsippany office building sells for $10 million in off-market deal by Kislak

A private investor has acquired a more than 131,000-square-foot office building in Parsippany for $10 million, brokers with The Kislak Co. Inc. announced Friday.

Retail
RIPCO: Secaucus retail center fully leased after 1,300 sq. ft. deal with Wingstop

Wingstop is expanding its footprint in Hudson County with a newly completed lease at a Secaucus shopping center, in a deal arranged by RIPCO Real Estate and CBRE.

Professional Services
NAI Hanson welcomes Kretowicz, health care market expert, as senior vice president

Longtime broker and health care specialist Kim Kretowicz has joined NAI James E. Hanson as a senior vice president, the real estate services firm announced Friday.

Finance & Capital Markets
‘Modera Lofts’ owner refis 366-unit property in Jersey City for $136 million, Cushman says

The owner of a loft-style luxury apartment building in downtown Jersey City has refinanced the property for $136 million, brokers with Cushman & Wakefield announced Thursday.

Industrial
Saddleback touts 97,000 sq. ft. in leasing in latest North Jersey industrial deals

Demand is strong across Saddleback Real Estate Developers’ northern New Jersey industrial portfolio, fueling some 97,000 square feet in leasing activity in a series of recent transactions.

Retail
Prism inks 3,500 sq. ft. lease with Panera to bring bakery café to ON3 campus

Panera Bread has joined the fast-growing retail lineup at ON3, with plans to open a drive-thru location in Clifton under a newly announced deal with Prism Capital Partners.

Industrial
Cervelli lists 30,000 sq. ft. Green Brook industrial building (with redevelopment potential)

The owner of a 30,000-square-foot industrial building in Somerset County has put the property on the market, in an offering by Cervelli Real Estate & Property Management.

Office
Deluccia: Nonprofit finds new home with 7,000 sq. ft. Green Brook office lease

A nonprofit has taken nearly 7,000 square feet at a Green Brook office building, according to a brokerage team with Deluccia Commercial Group.