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.

Health Care & Education
Last buildable site at Giralda Farms sold, to be developed as health campus

A group of well-known developers has sold a 40-acre swath of the Giralda Farms campus in Madison, paving the way for the construction of a new 46,000-square-foot medical facility.

Residential & Mixed Use
Prism outlines timetable for residential, retail phases at historic factory conversion

Prism Capital Partners is nearing several key milestones in a project that is a decade in the making — the redevelopment of a historic Thomas Edison factory complex in West Orange.

Residential & Mixed Use
Report: New 250-unit rental project rising in Atlantic City

A project that will bring 250 new apartments to Atlantic City is on pace to open next summer, in what will be the city’s first market-rate development in at least 25 years.

Retail
NAI Hanson: Martial arts studio leases 2,800 sq. ft. in Emerson

A martial arts academy will occupy half of a newly built, 5,600-square-foot retail building in Emerson, following a lease arranged by brokers with NAI James E. Hanson.

Health Care & Education
CBRE brokers $1.6 million sale of medical office condos in Morris Co.

A private investment firm has paid $1.6 million for two adjacent medical condominium units in Riverdale, according to brokers with CBRE who arranged the transaction.

People
Advance hires two executives, two associates to support growing portfolio

Advance Realty has bolstered the team at its Bridgewater headquarters with four new hires, including two executives in property management and finance.

Government & Public Policy
EDA: Italian food seller opens 27,500 sq. ft. Jersey City warehouse

An Italian food market has expanded its wholesale capabilities with a new warehouse in Jersey City, thanks in part to a financing program under the state Economic Development Authority.

Office
NRDC announces 134,000 sq. ft. in office, industrial deals in N.J.

A mix of office and industrial deals have accounted for more than 130,000 square feet of recent activity at buildings owned by National Realty & Development Corp., the firm said recently.

Retail
KenKap brokers $6.4 million sale of retail, office center in South Jersey

A 1031 exchange investor has acquired a 36,000-square-foot retail and office complex in Burlington County, in a $6.4 million sale brokered by KenKap Realty Corp.

Retail
Editor’s note: The story that keeps on giving

The Amazon story is now more than four years old in New Jersey, at least when it comes to our industrial market, yet we can’t seem to stop talking about it. It only makes sense. The tech giant has added…