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.

Industrial
Camber, Advance acquire 529,000 sq. ft. complex off Route 46 for $53 million

A joint venture has acquired a four-building, 529,110-square-foot industrial and office complex in Morris County, with plans to reposition the campus to tap into the continued demand for warehouse and distribution space.

Office
SJP details plans for new 130,000 sq. ft. fitness complex in Bridgewater

SJP Properties and Life Time, the national fitness operator, have unveiled plans for what they say will be a first-of-its-kind health and entertainment complex at a Bridgewater office campus.

Residential & Mixed Use
Report: Investment firm buys rights to residential tower site next to Revel

A private investment firm reportedly has acquired the rights to a site that was slated to become a 30-story residential tower alongside the former Revel Casino Hotel in Atlantic City.

Residential & Mixed Use
Little Falls rental project reaches 50 percent leased

A new 34-unit rental project is off to a fast start in downtown Little Falls, reaching the 50 percent leased milestone just a few months after opening.

Professional Services
Vantage RES names new executive VP

A commercial real estate services firm has hired a longtime marketing expert as its new executive vice president.

Office
Investor taps Accordia to manage, renovate Elmwood Park office building

Accordia Realty Ventures is set to manage and reposition a 102,000-square-foot office building in Elmwood Park, one of two assignments the firm has taken on behalf an out-of-state investor.

Industrial
Denholtz inks 14,000 sq. ft. lease for inflatable play center

A new children’s play center is set to open in Piscataway after its operator signed a 13,085-square-foot lease with Denholtz Associates, the commercial real estate firm said.

Industrial
Prologis, Allied Beverage detail plans for 540,000 sq. ft. distribution center in Elizabeth

Prologis is set to build a new 540,000-square-foot distribution center in Elizabeth as part of a recently signed lease with a major wine and spirits distributor based in the state.

Residential & Mixed Use
Gebroe-Hammer: South Jersey rental properties fetch a combined $89 million

Investors have paid a combined $89 million for nearly 900 garden apartments in southern New Jersey, under three separate transactions announced this week by Gebroe-Hammer Associates.

Industrial
Saddleback inks 31,000 sq. ft. lease in Parsippany

Saddleback Real Estate Developers has leased more than 30,000 square feet in Parsippany to a bearing products distributor, the investment and management firm said this week.