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.

Office
Avison Young named leasing agent for 151,000 sq. ft. Fair Lawn office building

Atkins Cos. has picked Avison Young as its leasing team for more than 151,000 square feet of medical and professional office space in Fair Lawn.

Hospitality & Tourism
Development group crafting plans for Freehold Raceway after acquiring iconic horse track

A development group has acquired the historic Freehold Raceway property, marking a first step toward repurposing the horseracing track after it succumbed to years of declining business.

Finance & Capital Markets
Developers land $58 million construction loan for 197-unit Bayonne rental project, C&W says

The developers of nearly 200 new apartments in Bayonne have secured $58 million in construction financing for the project, in a transaction arranged by Cushman & Wakefield.

Top News
Denholtz to mentor, partner with veterans in new alliance with 10X Vets

Denholtz has launched a new program with 10X Vets, eyeing mentorship and partnership opportunities with the business and real estate network for military veterans.

Residential & Mixed Use
Malas acquires second parcel in Teaneck, eyeing 248-unit second phase of The Marq

Malas Development has closed on its acquisition of 2.5 acres in Teaneck, clearing the way for the second phase of a newly opened apartment building near Route 4.

Retail
Nothing Bundt Cakes takes 1,800 sq. ft. at Flemington Marketplace, LMC says

Nothing Bundt Cakes is coming to a 239,000-square-foot shopping center in Flemington, adding to its footprint in New Jersey and a vast portfolio of stores in North America.

Retail
CPN: Jazzercize owner inks 1,300 sq. ft. lease in Pennington

A local Jazzercize business has taken nearly 1,300 square feet at a Mercer County commercial complex, in a newly announced deal by Commercial Property Network Inc.

Residential & Mixed Use
Hartz completes Cranford rental project, marking transformation of ex-office property

Hartz Mountain Industries has brought new life to another aging office property in New Jersey, delivering 250 apartments to a sprawling site near Cranford’s Hyatt Hills Golf Course.

Retail
CBRE: Goldman Sachs unit sells 111,000 sq. ft. Newark retail center for $38 million

An affiliate of Goldman Sachs has sold a well-known, grocery-anchored retail property in Newark for $37.5 million, brokers with CBRE announced Tuesday.

Office
Behavioral health group takes 4,800 sq. ft. in Somerset, Sheldon Gross says

A behavioral health organization has leased more than 4,800 square feet at a newly renovated office building in the Somerset section of Franklin, in a deal arranged by Sheldon Gross Realty.