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.

Professional Services
Connell Foley’s Garcia named real estate, land use cochair alongside McCann

Veteran attorney George Garcia is the newest cochair of Connell Foley LLP’s real estate and land use team, joining W. Nevins McCann at the helm of the practice group.

Retail
Costco seeking new location at ex-Stop & Shop, Kmart property on Route 17 in Paramus

Costco has set its sights on Paramus, eyeing a site on Route 17 South where it would revitalize a property once home to Stop & Shop and Kmart.

Residential & Mixed Use
Kislak: Owner sells 44-unit Atlantic County rental complex after 30 years

The longtime owner of a 44-unit apartment and townhome complex in Atlantic County has sold the property for nearly $5.9 million, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
Halpern unveils full slate of ecofriendly features at Jersey City’s Birch House

Halpern Real Estate Ventures has revealed the full selection of amenities at its high-profile Birch House development in Jersey City’s West Side neighborhood.

Office
Samsung moving to Englewood Cliffs, leaving longtime home in Ridgefield Park

Samsung Electronics America is leaving Ridgefield Park, its home of more than 30 years, after announcing Thursday that it would move its headquarters to Englewood Cliffs.

Office
Denholtz taps Regus to manage 9,700 sq. ft. coworking space at new-look Red Bank building

Denholtz Properties has signed an operating agreement with Regus to manage a coworking space at a newly updated office building in downtown Red Bank.

Office
Vantage Commercial: Buyer of 6,000 sq. ft. Swedesboro commercial building eyes updates

New upgrades are coming to a 6,000-square-foot commercial building in Swedesboro after the recent sale of the property, brokers with Vantage Commercial announced Thursday.

Industrial
Faropoint adds 1.7 million sq. ft. in $105 million industrial deal in Jacksonville, Memphis

Hoboken-based Faropoint has added 1.7 million square feet of logistics space in the Southeast with a newly announced acquisition in Jacksonville, Florida and Memphis, Tennessee.

Hospitality & Tourism
Bailey details plan to transform Monmouth Park with residential, hotel and community spaces

Real estate magnate Morris Bailey has unveiled plans for a sweeping mixed-use development on some 80 acres alongside Monmouth Park, in a project that is decades in the making and long seen as a key to the future of the iconic Jersey Shore racetrack.

Finance & Capital Markets
Newmark: Hampshire adds JV partner in $300 million recap of 1.4 million sq. ft. light industrial portfolio

The Hampshire Cos. has closed on a $300 million recapitalization of a sprawling light industrial portfolio in northern New Jersey and other key areas, in a deal arranged by Newmark.