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
Investor adds 8,400 sq. ft. Moorestown daycare center in $5.4 million deal, Marcus says

A daycare center in Moorestown sold for some $5.4 million, brokers with Marcus & Millichap announced Tuesday.

Retail
Bennett Realty: Buyer wanted for 122,000 sq. ft. shopping center in Iselin

The owner of a 122,000-square-foot shopping center in Woodbridge has retained Bennett Realty & Development to sell the property, the Holmdel-based brokerage announced Tuesday.

Retail
Yoga studio takes 3,300 sq. ft. in downtown Summit in deal arranged by Sheldon Gross

A yoga studio has leased a 3,300-square-foot retail space in downtown Summit, Sheldon Gross Realty brokers announced last week.

Top News
Accordia 2.0: Inside the commercial real estate firm’s next chapter — and the story behind its new leadership team

Accordia is entering a new phase as a developer, investor and asset manager, with high-profile additions to its team, a revamped business plan and several major projects on the horizon.

Industrial
Trucking firm expands to 159,000 sq. ft. at Seagis-owned warehouse in Metuchen, BRC says

A trucking company has expanded to nearly 159,000 square feet at an industrial property in Metuchen, Bussel Realty Corp. announced in a news release Monday.

Office
Marcus: Longtime owners sell 27,000 sq. ft. Atlantic County office complex for $3.1 million

A private investor has acquired a multitenant office complex in Egg Harbor Township for just over $3 million, Marcus & Millichap announced Monday.

Retail
Goldstein Group: McDonald’s leases 4,500 sq. ft. in Somerset to revive restaurant pad site

McDonald’s has found a new home in the Somerset section of Franklin after leasing a site that once housed a rival chain, brokers with The Goldstein Group announced Monday.

Residential & Mixed Use
NJAA honors Larken property management team for Warren County rental complex

The New Jersey Apartment Association has recognized the management team behind one of Larken Associates’ newest luxury rental properties in New Jersey.

Residential & Mixed Use
JLL: 194-unit Fort Lee rental property on the market for sale in rare Gold Coast offering

The owner of a 194-unit luxury apartment building in Fort Lee is seeking a buyer for the property, giving investors a chance to own a piece of the booming Gold Coast rental market.

People
Sitex Group promotes Kaplan to senior vice president

Sitex Group has promoted Jackson Kaplan to senior vice president, citing his role in its investment activities and in growing its portfolio outside New Jersey.