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.

Office
JLL touts 65,000 sq. ft. in leasing at 3 Gateway in Newark

Four tenants have leased a combined 65,000 square feet at a well-known building in downtown Newark, where ownership is reaping the benefits of a multimillion-dollar renovation.

Residential & Mixed Use
CBRE inks sale of 12-unit apartment building in East Orange

An investor has acquired a fully occupied, 12-unit apartment building in East Orange for nearly $1 million, brokers with CBRE announced this week.

Retail
NAI Hanson: Deli building, two-family home sell in Passaic Co.

An investor has acquired a 2,200-square-foot commercial building and an adjacent two-family home in Bloomingdale, in a transaction arranged by NAI James E. Hanson.

Professional Services
WCRE adds political, community relations veteran

Wolf Commercial Real Estate has hired a new director of community relations, with the goal of expanding its reach with local officials and businesses throughout the state.

Government & Public Policy
State unveils online navigator, mapping tool for New Jersey Opportunity Zones

State officials have launched a new website and interactive mapping tool aimed at helping local governments, investors and other stakeholders navigate the 169 census tracts in New Jersey that have been designated under the federal Opportunity Zone program.

Residential & Mixed Use
North Jersey multifamily investors launch JV focused on Opportunity Zones

Two New Jersey real estate firms have joined forces with a focus on the new federal Opportunity Zone program, having already teed up more than $85 million in multifamily investments.

Office
Atlantic City milestone: New HQ tower marks completion of Gateway project

South Jersey Industries has opened the doors to its new 72,000-square-foot headquarters in Atlantic City, joining Stockton University’s new campus as part of a high-profile, $210 million project to diversify the city’s economy beyond gaming.

Industrial
Advance, Greek detail plans for 4.1 million sq. ft. industrial park in Linden

Advance Realty and Greek Development have taken the wraps off their plans for a new 4.1 million-square-foot logistics park in Linden, in what they say is the largest planned industrial development in the Port of New York and New Jersey region.

Office
Paramus office complex sells for $74 million

A joint venture has sold a two-building, 304,000-square-foot office complex in Paramus after acquiring it in 2016 and completing more than $3 million worth of upgrades.

Industrial
Harrison warehouse user renews for 21,000 sq. ft., Team Resources says

A storage, logistics and fabrication shop serving the entertainment industry has renewed its 21,000-square-foot lease in Harrison, in a deal arranged by Team Resources Inc.