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.

Finance & Capital Markets
Loan will fund spec warehouse in Piscataway, HFF says

A joint venture is planning to build a new industrial building spanning more than 450,000 square feet in Piscataway, with the help of $22 million in financing secured by HFF.

Residential & Mixed Use
Mack-Cali announces new residential deliveries, $1B pipeline

Mack-Cali Realty Corp. is set to open the doors to a new 762-unit apartment tower in Jersey City and is pushing ahead with a $1 billion multifamily construction pipeline, the company said, as it finalized a plan to raise $300 million for acquisitions in the high-end rental space.

Office
NAI Fennelly brokers new deals in Mercer, Middlesex

The owner of six Princeton-area commercial buildings has sold one of the properties for $4.9 million, one of several recent deals announced by NAI Fennelly.

Office
Fintech firm’s 160K sq. ft. lease ‘legitimizes the Newark market’

A global financial technology firm has leased 160,000 square feet at 2 Gateway Center in Newark, planting a flag in the city with one of the downtown’s largest new office deals in recent years.

Retail
HFF: 116K sq. ft. shopping center sells for $36 million

A sprawling grocery-anchored shopping center in East Orange has changed hands, following a sale brokered by HFF’s New Jersey office.

Professional Services
Roseland law firm bolsters real estate group

A.Y. Strauss LLC has added a new attorney to its commercial real estate practice, one of two new hires by the Roseland-based law firm.

Retail
Union County 7-Eleven site fetches $2.5M

A developer has sold a 2,800-square-foot 7-Eleven property at the border of Plainfield and Fanwood for more than $2.5 million, Marcus & Millichap announced Monday.

Industrial
Amid supply constraints, developers look down the Turnpike for new opportunities

It was New Jersey’s largest industrial lease of the fourth quarter — and it was a fitting end to the year for a market that has been fueled by e-commerce tenants and big box construction. But the commitment by Modway Furniture was every bit as notable for its location as it was for its size.

Current Issue
After 20 years and three sales, a site finally finds its calling

It was a 27-acre land sale last September that gave way to one of East Windsor’s newest industrial projects, but it wasn’t the first time the property had changed hands.

Retail
Kislak: Family sells Hudson County retail center after 30 years

Investors have paid nearly $10 million for a Bayonne shopping center anchored by a Family Dollar, in a retail investment sale brokered by The Kislak Co. Inc.