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.

Professional Services
Pierson announces new broker hire

Pierson Commercial has made a new addition to its retail brokerage team.

Residential & Mixed Use
Developers begin rehab of historic New Jersey Bell tower in Newark

A joint venture has started construction to restore a historic office tower in downtown Newark, with plans to create 265 apartments and 80,000 square feet of office and retail space.

Professional Services
Avison Young touts three new hires in New Jersey

Avison Young has expanded its New Jersey brokerage team with three new hires.

Retail
Jeffery: 156,000 sq. ft. retail center changes hands in Ocean County

A New York-based real estate firm has closed on a 156,000-square-foot shopping center in Ocean County, in a transaction arranged by Jeffery Realty Inc.

Office
REIT acquires 16,000 sq. ft. office building on Route 4, Zimmel says

A real estate investment trust has acquired a 16,000-square-foot office building in Bergen County for $2.8 million, brokerage firm Zimmel Associates announced Monday.

Office
Medical office building trades for $1.16 million

Bussel Realty Corp. has brokered the sale of a 10,800-square-foot medical office building in the Somerset section of Franklin, the firm said Monday.

Residential & Mixed Use
Developer kicks off $48 million Camden apartment project (VIDEO)

A development team has broken ground on a new 156-unit apartment building on the Camden waterfront, kicking off what will be the city’s first newly built market-rate units in 25 years.

Industrial
Port Reading lease among recent deals by Mertz in central, southern N.J.

A new tenant has leased 230,100 square feet at a Woodbridge industrial building, in one of several New Jersey deals announced Friday by NAI Mertz.

Office
Fintech firm leaving Manhattan, leases 8,000 sq. ft. in Newark

A financial technology firm will relocate to Newark from Manhattan later this year, following an 8,000-square-foot lease at the historic Hahne & Co. building downtown.

Office
Woodbridge office, medical building trades for $8.5 million

A private investor has paid $8.5 million to acquire a 62,000-square-foot medical and office complex in Woodbridge, brokers with Marcus & Millichap said Friday.