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.

Finance & Capital Markets
CBRE: Ridgecut Road snags acquisition loan for Kenilworth industrial outdoor storage site

Ridgecut Road has secured acquisition financing for a roughly two-acre industrial outdoor storage property in Kenilworth, according to a debt placement team with CBRE.

Deals
Sheldon Gross: Boxing gym leases new 10,000 sq. ft. location in Belleville

A boxing-inspired gym has found a home in Belleville with a newly completed lease for nearly 10,000 square feet, according to a brokerage team with Sheldon Gross Realty.

Health Care
Mental health provider takes 1,100 sq. ft. in western Morris County, NAI Hanson says

A mental health practice has leased 1,100 square feet at an office building in western Morris County, in a transaction arranged by NAI James E. Hanson.

Residential & Mixed Use
First residents arrive at new Walters affordable housing property in Burlington County

Walters is welcoming residents to its latest project in New Jersey, a new 72-unit affordable rental community in Burlington County’s Hainesport Township.

Industrial
Prologis welcomes global food ingredients supplier to new 574,000 sq. ft. South Jersey facility

Prologis Inc. has filled some 574,000 square feet of new logistics space in Gloucester County, now a key distribution center for a global supplier of cocoa, coffee, dairy, nuts and spices.

Residential & Mixed Use
New 97-unit luxury rental building in West New York on the market for sale, CBRE says

The developer of a new 97-unit luxury apartment building in West New York is seeking a buyer for the property, in a newly announced offering by CBRE.

Retail
L+M, Pierson Commercial lease up retail space at iconic Hahne & Co. project in Newark

Pierson Commercial has completed the lease-up of nearly 30,000 square feet of retail space at Hahne & Co., the landmark project in downtown Newark by L+M Development Partners.

Residential & Mixed Use
Sterling Properties enters Connecticut with new 117-unit luxury rental project

Sterling Properties Group has planted a flag in Connecticut, where it’s marking the debut of a 117-unit luxury apartment property near one of the state’s largest cities.

Government & Public Policy
Destination Plainfield: Queen City, with thousands of new units online, turns its focus to retail and recreation

First, Plainfield officials focused on building out their housing stock. Now, they’re making sure residents have a reason to stay in town by working to attract new shopping, entertainment and restaurant options.

Office
Summit Financial expands to 42,000 sq. ft. in latest deal at new-look Parsippany office park

Investment adviser Summit Financial is expanding in Parsippany under a newly signed lease extension with Onyx Equities, according to a brokerage team with Cresa.