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
RKF touts 23,000 sq. ft. of retail leasing in downtown Summit

A high-end furniture store and a California-based home décor chain are among the newest retailers in downtown Summit, following a series of leases brokered by RKF.

Office
Law firm leases 2,325 sq. ft. at Hackensack complex

Alfred Sanzari Enterprises has added another law firm to its tenant roster at Court Plaza, a 335,000-square-foot office complex in downtown Hackensack.

People
Teaneck firm touts addition of third-generation executive

A third generation has joined the leadership team at Key Properties LLC, a Teaneck-based developer and real estate management firm.

Office
Colliers: 33,000 sq. ft. office building sold for $6.2 million

A real estate firm has paid nearly $6.2 million for a South Jersey office building housing a medical practice and an energy firm, Colliers International Group announced.

Office
CBRE announces sale of three Hudson County properties

Three properties in different Hudson County communities have changed hands for a combined $5.5 million, according to brokers with CBRE Group who marketed the buildings.

Industrial
HFF: Owners using $14.9 million loan to acquire, develop 8A industrial site

HFF has secured nearly $15 million in financing to help a joint venture acquire, entitle and renovate an industrial building in South Brunswick, where it also hopes to build on an adjacent development site.

Residential & Mixed Use
Essex County apartment buildings trade for $18 million, Kislak says

A real estate firm has sold two East Orange apartment buildings for a combined $18 million, in a set of transactions arranged by The Kislak Co. Inc.

Industrial
Saddleback moving headquarters to Fairfield

A developer is doubling down on the Fairfield industrial market, announcing plans to move its headquarters there amid a growing effort to build its portfolio in the area.

Retail
Net-leased dollar store building in Atlantic County sold for $2.1 million

A developer has sold an 8,060-square-foot retail building in Pleasantville that is net-leased to a national dollar store chain, according to brokers with Marcus & Millichap.

Industrial
Exit 8A: The top 10 industrial leases during Q2, according to JLL

The Exit 8A submarket continues to thrive in the state’s industrial sector, according to JLL, accounting for more than half of the leasing activity in northern and central New Jersey during the second quarter.