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
Vantage Commercial: Refrigeration gasket manufacturer takes 15,000 sq. ft. in Pennsauken

A maker of commercial refrigeration gaskets has leased more than 15,000 square feet of industrial space in Pennsauken, brokers with Vantage Commercial announced Thursday.

Residential & Mixed Use
Developers unveil new 135-unit rental property in Newark’s Ironbound section

Leasing is underway at a new 135-unit luxury apartment building in Newark’s Ironbound neighborhood, where local officials recently joined the project team for a soft launch event.

Industrial
Organic foods company expands in Moonachie, buys 71,000 sq. ft. warehouse for $21 million

A natural and organic food distributor has purchased a nearly 71,000-square-foot industrial building in Moonachie, its second acquisition in the borough in some five months.

Top News
Weiss-owned retail, office property in Edison on the market for sale, Marcus says

Weiss Realty is seeking a buyer for a more than 77,000-square-foot shopping center and office park in Edison, in a newly announced offering by Marcus & Millichap.

Office
Zimmel: Three tenants combine for 26,000 sq. ft. in flurry of leases at Edison office park

Three new tenants are coming to an Edison office complex after a series of deals totaling nearly 26,000 square feet, according to a brokerage team with Zimmel Associates.

Health Care & Education
Katz & Associates: Englewood Health takes 3,000 sq. ft. at ex-restaurant site in Fair Lawn

Englewood Health is adding a location in Bergen County after leasing a former Boston Market building in Fair Lawn, brokerage firm Katz & Associates announced this week.

Residential & Mixed Use
JLL inks sale of new 303-unit luxury rental complex in White Plains

A joint venture has sold a new 303-unit luxury apartment complex in White Plains, New York, in a deal arranged by JLL’s Morristown-based capital markets team.

Industrial
Linden Logistics Center scores LEED designation for five buildings, Greek says

The developers of the seven-building, 4.1 million-square-foot Linden Logistics Center are getting high marks for the project’s focus on sustainability and energy efficiency.

Residential & Mixed Use
Kamson sells 190-unit rental portfolio in Gloucester, Bergen for $31 million, Kislak says

Affiliates of The Kamson Corp. have sold a combined 190 apartments in Gloucester and Bergen counties for $31 million, in an off-market deal arranged by The Kislak Co. Inc.

Industrial
Profeta, Sherwin-Williams ink 685,000 sq. ft. lease to expand key Central Florida facility

An affiliate of Paul V. Profeta & Associates Inc. has leased more than 685,000 square feet to Sherwin-Williams Co. for an expanded facility in the Central Florida city of Winter Haven.