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.

Residential & Mixed Use
At N.J. apartment summit, experts tout a dual-powered market

Experts touted the success of two separate classes in the state’s multifamily sector. One set consists of the high-end, newly built rentals along the Hudson waterfront, while the other includes the older, garden-style apartments that are farther west, but ripe for value-add improvements.

Office
WCRE brokers 4,500 sq. ft. office deal in Cherry Hill

A dental practice has leased 4,500 square feet at a Cherry Hill office building, brokerage firm Wolf Commercial Real Estate said.

Office
MetLife building in Hanover fetched nearly $100M

MetLife Investments’ newly completed headquarters attracted a sale price of $95 million, in a recently announced deal that culminated of high-profile redevelopment effort in Hanover.

Finance & Capital Markets
CBRE arranges $5M refinancing for Asian food distribution center

The owner of a refrigerated warehouse in Jersey City has obtained a $5 million loan to refinance the property, CBRE Group announced Friday.

Retail
Pierson: Jersey Mike’s adds new stores in northern, central N.J.

Jersey Mike’s Subs is continuing its rapid growth in the Garden State, with Pierson Commercial representing the chain in seven new leases in northern and central New Jersey.

Residential & Mixed Use
Chinese builder breaks ground on Jersey City condo complex

The U.S. affiliate of a Chinese construction giant has broken ground on its first project in Jersey City, a 358-unit condominium complex within the city’s waterfront Newport section.

Office
Horizon, two others help stabilize Hopewell office park

The owner of a Hopewell office complex said it has inked three leases totaling more than 200,000 square feet in recent months, anchored by a deal with the state’s largest health insurer.

Office
AT&T office site in Piscataway sold for $6.85M, DiLeo-Bram says

A high-tech manufacturing company has acquired an AT&T Corp. office building in Piscataway, with plans to use the site to develop products for a wide variety of industries.

Government & Public Policy
Wilcox named to elevated posts with development, chamber groups

Gretchen Wilcox, CEO, president and founder of G.S. Wilcox & Co., has been appointed to the national board of a commercial real estate development association and to the executive board of the New Jersey State Chamber of Commerce, the firm announced

Professional Services
McLaren, RSC design new Weehawken pier

A pier that stretches nearly 500 feet into the Hudson River has opened in Weehawken, replacing a structure just north of Hoboken that had been destroyed nearly 15 years ago.