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.

Professional Services
Former development executive joins Hollister

Hollister Construction Services has added a new project executive to oversee its growing residential pipeline in the region.

Retail
Camden County retail site trades for $5 million, Marcus says

A private investor has acquired a two-tenant retail pad site in Sicklerville, in a $5 million transaction arranged by Marcus & Millichap.

Industrial
Hampshire sells revamped Totowa industrial building for $51 million, HFF says

The Hampshire Cos. has sold a newly delivered industrial complex in Totowa for $51 million, brokers with HFF announced Tuesday, following a project that called for retrofitting and expanding a former life sciences building off Route 46.

Residential & Mixed Use
C&W: Sale of factory site clears way for next rental project in Kearny

Russo Development has completed its acquisition of a former industrial site in Kearny that will allow it to extend its multifamily pipeline in the town, brokers with Cushman & Wakefield said.

Professional Services
NAI Hanson treasurer marks 50 years with real estate services firm

The longtime treasurer at NAI James E. Hanson is marking her golden anniversary at the company, where she has served under three generations of family ownership.

Residential & Mixed Use
Maplewood rental community achieves WELL certification

JMF Properties has achieved a coveted certification focused on health and wellness for its new mixed-use residential and retail building in downtown Maplewood.

Retail
Net-leased Dunkin’ Donuts on Route 22 fetches $1.6 million

An investor has acquired a 1,800-square-foot Dunkin’ Donuts property in North Plainfield, in a $1.6 million sale arranged by Marcus & Millichap.

Residential & Mixed Use
Developers, property managers hail successes at recent NJAA awards

The state’s booming multifamily sector has been on display in recent weeks as developers and property managers celebrate their newest awards from the New Jersey Apartment Association.

Office
NKF: Fund makes first U.S. acquisition with $17 million office deal

An international real estate fund has made its first investment in the U.S., acquiring a Roseland office building from Normandy Real Estate Partners, in a $17.2 million deal arranged by Newmark Knight Frank.

Residential & Mixed Use
Elizabeth site slated for new residential development

A developer has closed on a former brownfield site in Elizabeth, paving the way for a mixed-use project that will include nearly 50 new homes.