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.

Residential & Mixed Use

Redwood: Investor buys Bayonne apartments for $32 million, plans expansion

An investment firm has paid $32.1 million for an 85-unit, high-end apartment building in Bayonne, where it’s now planning an expansion that will more than double the number of units.

Professional Services

GZA acquires engineering firm Melick-Tully, growing N.J. footprint

Consulting firm GZA GeoEnvironmental Inc. has expanded its presence in New Jersey with the acquisition of Melick-Tully and Associates P.C., a Somerset County-based practice.

Professional Services

Kimmerle Group names two new principals

William J. Kimmerle and X. “Cindy” Cui — Courtesy: Kimmerle Group

Industrial

WCRE: Lawn care business takes 3,900 sq. ft. in Camden County

A newly built, 12,000-square-foot flex building in Voorhees is now fully occupied after a recent lease with a lawn care company, brokerage firm Wolf Commercial Real Estate said.

Industrial

Joint venture sells 369,000 sq. ft. warehouse to LPT

Liberty Property Trust has acquired a single-tenant, 369,313-square-foot industrial building in Edison, in a transaction announced Friday by CBRE.

Residential & Mixed Use

Investor pays $14.25 million for West Caldwell apartments, Kislak says

A newly built, 30-unit apartment building in West Caldwell is under new ownership, following a $14.25 million sale arranged by The Kislak Co. Inc.

Retail

Zoltek: Fast food building changes hands in Burlington County

A regional landlord has sold a 2,090-square-foot fast food building in Burlington County, according to brokers with Zoltek Realty who arranged the sale.

Professional Services

Broker joins Newmark Associates sales team

Newmark Associates has added to its sales team with the hiring of a broker who has a deep background in media and consumer analytics.

Professional Services

AIA-NJ installs new president, officers for 2018

The American Institute of Architects’ New Jersey chapter has installed a new slate of officers, led by a Point Pleasant-based architect who is a longtime member of the group.