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
New 97-unit luxury rental building in West New York on the market for sale, CBRE says

The developer of a new 97-unit luxury apartment building in West New York is seeking a buyer for the property, in a newly announced offering by CBRE.

Retail
L+M, Pierson Commercial lease up retail space at iconic Hahne & Co. project in Newark

Pierson Commercial has completed the lease-up of nearly 30,000 square feet of retail space at Hahne & Co., the landmark project in downtown Newark by L+M Development Partners.

Residential & Mixed Use
Sterling Properties enters Connecticut with new 117-unit luxury rental project

Sterling Properties Group has planted a flag in Connecticut, where it’s marking the debut of a 117-unit luxury apartment property near one of the state’s largest cities.

Government & Public Policy
Destination Plainfield: Queen City, with thousands of new units online, turns its focus to retail and recreation

First, Plainfield officials focused on building out their housing stock. Now, they’re making sure residents have a reason to stay in town by working to attract new shopping, entertainment and restaurant options.

Office
Summit Financial expands to 42,000 sq. ft. in latest deal at new-look Parsippany office park

Investment adviser Summit Financial is expanding in Parsippany under a newly signed lease extension with Onyx Equities, according to a brokerage team with Cresa.

Industrial
Boniakowski: Construction, landscape equipment firm buys Hillsborough site for $3.2 million

A construction and landscape equipment company has purchased an 8,000-square-foot industrial building on six acres in Hillsborough, in a newly announced deal by The Boniakowski Commercial Real Estate Group.

Retail
Urban Edge set to acquire 92,000 sq. ft. Bridgewater lifestyle center for $54 million

Urban Edge Properties is on track to acquire an upscale retail center in Bridgewater for more than $54 million, as it continues to reshape its extensive holdings in New Jersey.

Office
NAIDB: Woodbridge office tower nearly full after new leases, renewals totaling 28,000 sq. ft.

The owner of a well-known office tower in Woodbridge has inked seven leases in recent months, securing a mix of new commitments and renewals in deals arranged by NAI DiLeo-Bram & Co.

Industrial
Legacy, Commerce Park buy 27,000 sq. ft. industrial property in Totowa

A joint venture has acquired a nearly 27,000-square-foot industrial building in Totowa with plans to modernize and reposition it as a mixed-use commercial property.

Finance & Capital Markets
CrownPoint lands construction loan for 854-unit South River self-storage project, JLL says

CrownPoint Group has closed on construction financing for a planned 854-unit self-storage facility in Middlesex County, according to a debt placement team with JLL.