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.

Retail
NAI Hanson: UPS Store coming to Bridgewater retail center after 1,800 sq. ft. lease

The UPS Store has taken more than 1,800 square feet at a Bridgewater shopping center, in a newly announced deal by NAI James E. Hanson.

Residential & Mixed Use
Multistate team with Marcus closes two multifamily sales in South Carolina

An apartment owner in the Southeast has sold 360 units across two properties, in a set of deals arranged by Marcus & Millichap brokers in South Carolina, New Jersey and Texas.

Industrial
Lincoln Property Co., Ullico acquire vacant 139,000 sq. ft. industrial building in Hamilton

Lincoln Property Co. and Ullico Investment Advisors have acquired a nearly 139,000-square-foot industrial building in Hamilton, the firms announced this week.

Residential & Mixed Use
Hampshire, Claremont sell Jersey City rental properties with 362 units for $121 million

The Hampshire Cos. and Claremont Development have sold a two-building, 362-unit apartment portfolio in Jersey City for $121 million, in a deal arranged by Cushman & Wakefield.

Featured
LCOR closes on $155 million construction loan for 386-unit Hoboken rental tower, JLL says

LCOR has landed a $155 million construction loan for its planned 386-unit apartment tower just west of Hoboken Terminal, according to a debt placement team with JLL.

Residential & Mixed Use
Ingerman sells 170-unit Aberdeen rental complex in $57 million deal with Beachwold

Ingerman Group has sold a seven-year-old, 170-unit apartment and townhome property in Aberdeen for $57 million, brokers with JLL announced Monday.

Office
Bergman touts 110,000 sq. ft. in leases at 7 Giralda, bringing property to 97 percent occupancy

Bergman Real Estate Group has all but filled a 236,000-square-foot office building in Madison, thanks largely to a multimillion-dollar upgrade that sparked a host of lease deals.

Industrial
Castle & Brothers Logistics leases 14,000 sq. ft. at Elizabeth industrial building, BRC says

A freight carrier has taken 14,000 square feet of small-bay industrial space in Elizabeth, brokers with Bussel Realty Corp. announced Monday.

Deals
Hunterdon County retail, office building trades for $1.3 million, Kislak says

A private investor has added a 16,000-square-foot retail and office building in Hunterdon County, in a newly announced deal by Kislak Commercial Real Estate Services Inc.

Guest Columns
A new approach to housing policy where everyone wins

As New Jersey’s gubernatorial race heats up, housing remains a critical issue. Everyone agrees that we need more market-rate and affordable housing to meet demand, and there is also a consensus that housing prices in New Jersey are too high. But what can the government do differently to address these issues? Policymakers and our next governor need to acknowledge that current government policies are exacerbating these problems, not solving them.