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.

Residential & Mixed Use
Developers break ground on mixed-income project at historic Orange printing site

Ironstate Development Co. and The Alpert Group have started construction on a $33 million project that will bring 128 new apartments to an area at the border of Orange and West Orange.

Hospitality & Tourism
Buyer plans water park at former Atlantic Club casino

Another shuttered Atlantic City casino could find new life under a plan unveiled Monday by a local developer.

Residential & Mixed Use
Kislak brokers two-state 1031 exchange totaling $32.5M

An investor has sold a Bergen County office building and acquired another property in Bucks County, Pennsylvania, as part of a recent 1031 exchange brokered by The Kislak Co. Inc.

Residential & Mixed Use
Investors pay $23.5M for Morris County apartments

A 106-unit, age-restricted rental community in Mount Arlington has changed hands for more than $23 million, following an investment sale brokered by Gebroe-Hammer Associates.

Retail
Wine and spirits store fills ex-Pathmark space in Clifton

A new ShopRite Wines and Spirits store will fill the space of a former Pathmark in Clifton, according to the firms involved in the 34,000-square-foot deal.

Health Care & Education
WCRE brokers medical office lease in Camden County

A women’s medical practice has leased more than 16,000 square feet at a medical office campus in Voorhees, Wolf Commercial Real Estate said.

Office
South Jersey firms unveil plans for $245 million office tower in Camden

Three prominent South Jersey companies, including the insurance firm run by business and political leader George E. Norcross III, have unveiled plans to move their headquarters to Camden under a proposed $245 million office tower on the city’s waterfront.

Office
JLL team provides a cure for New Jersey’s vacant pharma sites

Several of New Jersey’s largest, most prominent life sciences complexes are now on the path toward redevelopment, with new anchor tenants in place or new owners that can reclaim the value of what was left behind.

In the most high-profile cases, a team at JLL has been right in the thick of it.

Residential & Mixed Use
Peapack-Gladstone backs new affordable housing projects

New affordable housing projects are coming to Essex and Burlington counties with the help of a loan program sponsored by Peapack-Gladstone Bank, the financial institution said recently.

Office
C&W: Normandy building in Hackensack had strong 2016

New leases and expansions by existing tenants have fueled more than 50,000 square feet in recent deals at a Hackensack office building, brokers with Cushman & Wakefield said.