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
C&W brokers sale of 68-unit apartment portfolio in Newark

The longtime owner of two Newark apartment buildings has sold them for $4.8 million, in a 68-unit trade brokered by Cushman & Wakefield’s Metropolitan Area Capital Markets Group.

Retail
Smoothie chain adds three N.J. stores, Goldstein Group says

A growing chain focused on smoothies and acai bowls is adding new locations in Essex and Ocean counties, following three transactions arranged by The Goldstein Group.

Finance & Capital Markets
Marcus & Millichap brokers $5.6 million loan for industrial sale

Marcus & Millichap has arranged $5.6 million in financing for the trade of a 161,000-square-foot warehouse building in Union County, the firm said Monday.

Retail
Developers, city officials unveil new supermarket in former Elizabeth food desert (SLIDESHOW)

A new 25,000-square-foot supermarket has opened its doors in what had been a food desert in a dense section of Elizabeth, anchoring a $17 million redevelopment project that relied on a medley of private and public funding sources.

Industrial
CBRE: Tenant renewals bring ‘sticker shock’ in red-hot N.J. industrial market

Landlords in New Jersey’s industrial market are naming their price when it comes time for tenant renewals, as availability remains at low levels not seen in more than a decade.

Office
Mack-Cali unveils new Jersey City beer garden

In the latest sign of its plans to remake its footprint along the Hudson waterfront, Mack-Cali Realty Corp. has opened the doors to a new beer garden in Jersey City.

Retail
Bridgewater retail center trades for $4.2 million, Marcus & Millichap says

A private investor has paid more than $4 million to acquire a 14,700-square-foot retail center in Bridgewater, in a deal brokered by Marcus & Millichap.

Office
NGKF: Bedminster office tenant takes over full building

A health care information technology firm has extended its lease and expanded its footprint to occupy the entirety of a 64,000-square-foot office building in Bedminster.

People
Pennrose hires new VP in property management

A property management veteran has joined Pennrose to oversee thousands of multifamily units in eastern Pennsylvania and New Jersey, the company said Friday.

Office
JLL: Life sciences firm inks new 47K sq. ft. lease in Princeton

A life sciences company is relocating within the Princeton submarket and will occupy a 47,000-square-foot office building in the Carnegie Center complex, JLL said Thursday.