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
Goldstein Group: Small-format ‘Buffalo Wild Wings Go’ leases 1,200 sq. ft. in Saddle Brook

Buffalo Wild Wings has taken 1,200 square feet in Saddle Brook for its new smaller-format quick-service concept, brokers with The Goldstein Group announced recently.

Industrial
STRO, KRE Group add 48,000 sq. ft. industrial property near Fort Lauderdale

The STRO Cos. and Kushner Real Estate Group have added to their portfolio in the Southeast, acquiring a two-building, 48,000-industrial property outside Fort Lauderdale, Florida.

Residential & Mixed Use
Nasser Freres, Fulop break ground on 622-unit luxury apartment tower in Journal Square

Development firm Nasser Freres has broken ground on a project that will add 622 apartments and commercial space to Jersey City’s resurgent Journal Square neighborhood.

Office
JLL marketing 76,000 sq. ft. lab, medical building in Ramsey for sale

The owner of some 76,000 square feet of lab, medical and office space off Route 17 in Ramsey is seeking a buyer for the property, according to a brokerage team with JLL.

Industrial
Galvanize buys 245,000 sq. ft. South Jersey warehouse, eyeing major decarbonization strategy

A global investment firm has purchased a 245,000-square-foot industrial building in Salem County, touting it as part of a strategy to reduce carbon emissions from commercial property.

Retail
Paramount Realty sells Flemington strip center in $7.5 million deal, Marcus says

Paramount Realty has sold a nearly 7,400-square-foot stirp center in Flemington for $7.5 million, brokers with Marcus & Millichap announced last week.

Residential & Mixed Use
Third phase of KRE’s Bay 151 rental project in Bayonne more than 80 percent leased

Kushner Real Estate Group is nearing the full lease-up of a 212-unit apartment property in Bayonne, the third and final phase of a project that was conceived more than a decade ago.

Residential & Mixed Use
Institutional buyer adds 226-unit Hackensack rental property, JLL says

An institutional investor has acquired a 226-unit luxury apartment property adjacent to the upscale Shops at Riverside complex in Hackensack, in a newly announced deal by JLL.

Residential & Mixed Use
Three-property, 258-unit rental portfolio in Atlantic City sells for $21 million, Kislak says

A private investor has acquired a three-property, 258-unit apartment portfolio in Atlantic City for nearly $21 million, brokers with The Kislak Co. Inc. announced Thursday.

Residential & Mixed Use
New amenities debut at 336-unit Jersey City project by Fields Grade, Ursa Development

The developers of a new 336-unit apartment building at the border of Jersey City and Hoboken have debuted a series of indoor and outdoor amenities at the upscale property.