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.

Industrial
NAI Hanson: Beauty products company buys 17,000 sq. ft. Hackensack industrial building

A nearly 17,000-square-foot industrial flex building in Hackensack has changed hands for $2.8 million, brokers with NAI James E. Hanson announced Tuesday.

Deals
Landscape business buys six-acre garden center property in Sparta, Zoltek says

A local operator has acquired a former nursery and garden center property in Sparta, in a newly announced deal by Zoltek Commercial Real Estate Services.

Residential & Mixed Use
Starfield debuts Asbury Park’s first luxury rental property, as landmark redevelopment plan continues (SLIDESHOW)

Starfield Cos. is marking its latest milestone in Asbury Park, unveiling a 226-unit luxury rental property that is the first of its kind in the historic Jersey Shore community.

Office
Newmark named leasing agent for updated 240,000 sq. ft. office building in Paramus

The owner of a well-known, high-end office building in Paramus has tapped Newmark as the leasing agent for the more than 240,000-square-foot property.

Residential & Mixed Use
Final homes available at high-end Gold Coast condo building, Skyline Development says

Skyline Development Group is nearing a sell-out of Solaia, its collection of 70 new luxury condominiums overlooking the Hudson River in North Bergen.

Industrial
Boniakowski: Buyer wanted for eight-acre industrial property near Route 22 in Readington

The owner of an eight-acre industrial property in Readington is seeking a buyer for the parcel, in a recent offering by The Boniakowski Commercial Real Estate Group.

People
Red Bank-based First National Realty Partners promotes Collier to chief revenue officer

First National Realty Partners has promoted Sam Collier to chief revenue officer, touting his role in bolstering its standing with national accounts and major retailers.

Residential & Mixed Use
Esen, new development firm led by Brookfield veterans, teases three-tower Jersey City project with 2000+ rentals

A newly launched development firm has announced plans to bring some 2,000 apartments to Jersey City, part of a $1.5 billion project led by several high-profile industry executives.

Retail
Burlington takes 38,000 sq. ft. to bring Woodbridge center to full occupancy, LMC says

A busy shopping center in Woodbridge is now fully leased after securing a commitment from Burlington Stores, according to a brokerage team with Levin Management Corp.

Industrial
Ridgecut Road recaps low-coverage industrial properties in I-287 corridor

Ridgecut Road has recapitalized two industrial outdoor storage properties in the Interstate 287 corridor, in the latest sign of the subsector’s growing appeal to major investors.