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
NAI Hanson brokers lease to ministry in Bergenfield

A retail space that once housed a bank in Bergenfield is now home to a church, following a deal arranged by brokers with NAI James E. Hanson.

The Rundown
Developer seeks OK for Morristown’s first new hotel in decades

The development team behind what would be Morristown’s first new hotel in more than 35 years is now making its case to local officials, appearing before the town’s planning board for the first time last week.

Office
Staffing firm joins Camden County office building

A staffing and human resources firm has leased 2,000 square feet at a Haddon Heights office building, according to Wolf Commercial Real Estate.

Residential & Mixed Use
Denholtz sells development site alongside Tampa office building

Denholtz Associates has sold a parcel in Tampa, Florida, that is slated for multifamily development, following its acquisition of the site and the adjacent Tampa Bay Times headquarters building earlier this year.

Finance & Capital Markets
Essex County multifamily deal gets $28M in financing

Eastern Union Funding has arranged nearly $28 million in financing for a private buyer to acquire a 641-unit multifamily portfolio in Newark and Irvington, the firm announced.

Finance & Capital Markets
Kislak: Elizabeth apartment sales total $12.3 million

Five multifamily buildings have new owners after a series of investment sales brokered by The Kislak Co. Inc.

Industrial
Joint venture opens new 140,000 sq. ft. freezer warehouse in Elizabeth

Developers have opened the doors to a new 140,000-square-foot new freezer warehouse in Elizabeth that will serve French food distributor Seafrigo.

Office
CBRE: Jersey City tower now home to 6,200 sq. ft. co-working space

A provider of co-working space has leased 6,200 square feet at a Jersey City office tower, in a deal brokered by CBRE Group.

Office
Newark tower debuts city’s ultra-fast, low-cost internet program

An office tower is downtown Newark is the proving ground for a new program that gives city residents and businesses access to the highest-speed, commercially available fiber optic internet in the region.

Office
Aviation tech firm moves to Atlantic City, Levin says

A technology firm serving the air traffic control industry has signed a new long-term headquarters lease in Atlantic City, Levin Commercial Real Estate said Thursday.