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
Teterboro warehouse sold to California investment firm

An out-of-state investment firm has acquired a 132,000-square-foot industrial building in Teterboro, in a deal brokered by Chaus Realty and Coldwell Banker Residential.

Residential & Mixed Use
CBRE: Edison apartment complex trades for $6.2 million

An apartment complex in Edison that attracted more than 20 offers has changed hands for $6.2 million, according to brokers with CBRE who marketed the property.

Retail
Dumpling, dessert eateries coming to Edison retail center, Jeffery says

Two new food concepts are set to join a highway shopping center in Edison, following a nearly 3,000-square-foot deal brokered by Jeffery Realty.

Office
Normandy, Yeager sell downtown Summit office buildings for $109 million

A well-known joint venture has sold three high-end office buildings in Summit for a combined $109 million, reaping the benefits of a plan to invest in the city that goes back to 2011.

Residential & Mixed Use
Developer adds 377 luxury rentals to Jersey City redevelopment area

Manhattan Building Co. has unveiled the latest piece of a large redevelopment area in Jersey City, opening the doors to a 377-unit complex known as SoHo Lofts.

Office
Avison Young unveils second N.J. office in Metropark (SLIDESHOW)

Real estate services firm Avison Young has opened its new office in the Metropark section of Woodbridge, its second location in New Jersey since entering the market in 2012.

Office
NAI Hanson brokers 3,200 sq. ft. lease for aircraft upholstery business

A firm that repairs aircraft upholstery is relocating to a flex office building in Saddle Brook, following a 3,200-square-foot lease brokered by NAI James E. Hanson.

Retail
Pierson: Fast casual pizza concept adds two N.J. locations

Fast casual chain Blaze Pizza has expanded its footprint with the addition of two new stores in Somerset and Essex counties, according to a broker with Pierson Commercial.

Office
SJP, Mack-Cali reveal design for high-tech, 1.2 million sq. ft. office tower in Jersey City

SJP Properties and Mack-Cali Realty Corp. have unveiled the new design for their planned 1.2 million-square-foot office tower in Jersey City, touting it as “a new archetype” for the modern workplace and what will be the state’s most technologically advanced commercial building.

Finance & Capital Markets
Meridian brokers $50 million loan for Woodbridge rental project

The developer of a mixed-use, 232-unit apartment project in Woodbridge has secured a $50 million construction loan under a transaction brokered by Meridian Capital Group.