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
Value Cos. debuts 24-unit addition at Randolph apartment complex, with more phases to come

Value Cos. Inc. has unveiled the latest phase of a plan to expand its Gateways at Randolph property, a sprawling apartment complex off Route 10.

Retail
Sussman: Ex-restaurant in Marlton sells for $2.3 million, set to become cannabis shop

The site of a shuttered restaurant in Evesham Township is set to become a cannabis dispensary after changing hands last month for $2.3 million, in a deal arranged by A.J. Sussman Co.

Residential & Mixed Use
Reynolds closes on 432-unit apartment complex in Ohio, adding to Midwest portfolio

Reynolds Asset Management has made another acquisition in Ohio, adding a 432-unit apartment complex in Columbus that it now plans to renovate over the next year.

Industrial
Thor acquires 18-building, 580,000 sq. ft. Bridgewater industrial park for $111 million

Thor Equities has made a major addition to its New Jersey industrial holdings, acquiring a portfolio of more than 580,000 square feet in Bridgewater for $111 million.

Industrial
LEG, ramping firm ink 109,000 sq. ft. lease at new Rockland County logistics center

Lincoln Equities Group has found its first tenant for a new industrial building in Rockland County, leasing more than 109,000 square feet to a residential and commercial ramping firm.

Residential & Mixed Use
Larken Associates hits key leasing milestone at 120-unit Warren County rental project

Larken Associates has leased more than 50 percent of a new 120-unit luxury apartment complex in Warren County, with the property now entering the final stages of construction.

Industrial
Charity Realty: Three-acre industrial site in Roxbury trades for $850,000

The longtime tenant at a three-acre industrial site in Roxbury has acquired the property for $850,000, in a newly announced deal by Charity Realty International.

Industrial
STRO, KRE acquire 4.8-acre low-coverage industrial property in Tampa

The STRO Cos. and KRE Group have completed their latest acquisition in Florida, buying a 4.8-acre site in Tampa that’s home to a 44,000-square-foot industrial building.

Industrial
Prologis, local officials unveil new 574,000 sq. ft. logistics facility in Gloucester County

Prologis Inc. has delivered more than 574,000 square feet of new industrial space in Gloucester County, adding to a footprint that includes nearly 200 facilities in New Jersey.

Residential & Mixed Use
JLL: Developer seeking joint venture for 286-unit rental project at ‘Silk Lofts’ site in Bayonne

The owner of a mixed-use development site in Bayonne is seeking a joint venture partner, hoping to unlock a project that is fully approved for 286 apartments and new retail space.