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.

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.

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.