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.

Community
For NAIOP New Jersey, return of food bank volunteer day highlights fresh focus on community action

NAIOP New Jersey’s day of service this summer came amid its renewed focus on community action, one of six goals outlined in a four-year strategic plan unveiled earlier this year.

Residential & Mixed Use
Developer sells 38-unit Netcong senior housing property for $10.8 million, Hudson Atlantic says

The builder and longtime owner of a 38-unit apartment building in Morris County has sold the property for $10.8 million, in a newly announced deal by Hudson Atlantic Realty.

Industrial
Greek breaks ground on 81,000 sq. ft. industrial project outside Philly, continuing expansion

Greek Real Estate Partners has lined up another project in Southeast Pennsylvania, adding a 12-acre site where it’s now building more than 81,000 square feet of new industrial space.

Retail
Goldstein Group: Tim Hortons takes 2,000 sq. ft. for new Forked River location

Tim Hortons is expanding in New Jersey with a newly signed, 2,000-square-foot deal in the Forked River section of Lacey Township, brokers with The Goldstein Group announced.

Retail
JLL: East Hanover Plaza trades in three-state, $126 million portfolio sale by SITE Centers

SITE Centers Corp. has sold a more than 98,000-square-foot shopping center in East Hanover as part of a multistate portfolio deal valued at $126 million, brokers with JLL said Tuesday.

Technology
CoreWeave begins $1.8 billion data center project in Kenilworth, landing first award under new EDA tax credit program

CoreWeave has started construction on a nearly $1.8 billion data center in Kenilworth with the help of what will be a five-year, $250 million tax credit award under a new state program.

Residential & Mixed Use
JLL: Buyer wanted for 301-unit Hoboken apartment building with value-add potential

The owner of a 301-unit apartment building near downtown Hoboken is looking to sell the property, offering what brokers say is strong upside in a coveted location.

Industrial
Longpoint sells 97,000 sq. ft. Clifton industrial complex in deal with Silverman, C&W says

Longpoint has sold a more than 97,000-square-foot industrial portfolio in Clifton to The Silverman Group, brokers with Cushman & Wakefield announced Monday.

Retail
Doren Development buys historic building in downtown Rutherford, with updates underway

Doren Development has acquired a historic mixed-use building in downtown Rutherford, where it has kicked off renovations to restore and modernize the landmark property.

Residential & Mixed Use
Walters launches affordable housing lottery at 66-unit Galloway site, eyes spring completion

Walters is targeting a spring delivery of a new 66-unit multifamily property in Atlantic County, as it solicits residents through a just-launched affordable housing lottery.