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.

Government & Public Policy
Developers wanted for former Camden prison site

A state authority is seeking a developer for the site of a former prison in Camden — a parcel that it describes as “the most valuable piece of real estate” on the city’s northern waterfront.

Office
Avison Young brokers 380K sq. ft. in leases in Q3

A technology firm has renewed the lease at its headquarters office in Bridgewater, one of more than 20 deals brokered in the third quarter by Avison Young’s New Jersey office.

Retail
Levin tapped to lease, manage South Jersey retail center

Levin Management Corp. will oversee leasing and management for a Burlington County shopping center after joint venture’s recent acquisition of the grocery-anchored property.

Office
Hoboken deal is latest partnership for SJP, Japanese developer affiliate

SJP Properties has expanded its partnership with a Japanese real estate giant, selling a majority ownership stake of its newest Hoboken office building to the company’s U.S. investment arm.

The Rundown
Pompton Lakes agency OKs mixed-use redevelopment

Local officials in Pompton Lakes have approved a plan that would bring more than 450 apartments and a host of retail space to its downtown, according to a published report Tuesday.

Health Care & Education
Owner unveils newly upgraded nursing center in Brick

A private equity group has expanded and upgraded a former nursing center in Brick, completing a nearly $3 million repositioning it launched after acquiring the property in late 2014.

Residential & Mixed Use
Three Essex County multifamily towers sell for $27M

Private investors have acquired a set of apartment high-rises in East Orange, paying $27.15 million for nearly 250 units in one of the city’s main thoroughfares.

Industrial
Bussel: Linden warehouse fully leased after recent deal

A tenant that is relocating from Brooklyn will bring a 150,000-square-foot warehouse in Linden to full occupancy, following a deal brokered by Bussel Realty Corp.

Deals
Supermarket leases space in Newark, Goldstein Group says

C-Town Supermarket has leased a 9,600-square-foot space in Newark, The Goldstein Group announced.

Retail
CBRE team brokers nearly $5M in sales

A retail property in Totowa is among four properties that traded recently in a string of transactions brokered by CBRE Group.