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 picked to market, lease 270,000 sq. ft. office campus in Englewood Cliffs (SLIDESHOW)

The owner of a four-building, 270,000-square-foot office complex on a well-known stretch of Englewood Cliffs has hired JLL as its leasing agent.

Residential & Mixed Use
Hoboken building trades for first time in 50 years, Redwood says

The owner of a two-building, 10-unit apartment property in Hoboken has sold the asset after more than 50 years, brokers with Redwood Realty Advisors said Wednesday.

Industrial
Laundry products firm leases 40,000 sq. ft. in Ramsey, relocating from N.Y.

A maker of laundry products is the newest tenant at a 130,000-square-foot industrial building in Ramsey, following a lease arranged by NAI James E. Hanson.

Finance & Capital Markets
Progress sources $4.65 million bridge loan for mixed-use project

Progress Capital Advisors has arranged $4.65 million in financing for a client’s 814,000-square-foot, mixed-use development about 35 miles outside New Jersey.

Office
Sanzari taps JLL to manage Teaneck campus, a first for the developer

Alfred Sanzari Enterprises has teamed with JLL to lease and manage its flagship Glenpointe complex in Teaneck — the first such partnership for the developer in its 73-year history.

Hospitality & Tourism
Topgolf coming to Ocean Resort Casino in Atlantic City

Topgolf is bringing its popular sports and entertainment concept to Atlantic City, where it plans to partner with the new Ocean Resort Casino at the site of the former Revel property.

Retail
Franklin shopping center fetches $12.8 million

A local investor has paid nearly $13 million to purchase a 67,500-square-foot retail center in Franklin Township, according to brokers with Marcus & Millichap.

Residential & Mixed Use
Paterson apartments sell for $1.9 million, Colliers says

A private investor has acquired a 14-unit apartment property in Paterson for $1.9 million, brokers with Colliers International announced Tuesday.

Office
CBRE touts new leases at South Plainfield office building

A chemical company and a pharmaceutical firm have inked leases at a South Plainfield office building, in a set of transactions brokered by CBRE.

Retail
Grocer, beauty retailer signal latest shift for Middlesex County shopping center

The changing face of retail is on full display at the North Village Shopping Center on Route 1, where a new Trader Joe’s recently opened in a space vacated by Barnes & Noble. The center has now attracted another leading name in retail — all part of an effort by its management team to reinvent the property for the second time in less than 20 years.