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.

Residential & Mixed Use
Woodmont, local officials unveil 300-unit Woodmont Forge at Hopewell

Woodmont Properties welcomed local officials last week to mark the opening of Woodmont Forge at Hopewell, its new 300-unit luxury apartment complex in Mercer County.

Residential & Mixed Use
Owner of 46 units at Elizabeth co-op sells portfolio for $5.2 million, Kislak says

A portfolio of 46 apartments at a cooperative property in Elizabeth has changed hands for $5.2 million, in a newly announced deal by The Kislak Co. Inc.

Retail
LMC: Dollar Tree leases 15,000 sq. ft., fills half of former Bed Bath store in Howell

Dollar Tree has taken 15,000 square feet for a new location on Route 9 in Howell, in a transaction announced Thursday by Levin Management Corp.

Industrial
Heritage Capital sells 13-building, 507,000 sq. ft. industrial park in Totowa

Heritage Capital Group LLC has sold a nearly 507,000-square-foot industrial park near Interstate 80 in Totowa, brokers with Cushman & Wakefield announced Thursday.

Industrial
Seagis adds 20,000 sq. ft. Carlstadt warehouse, in Resource Realty-brokered deal

Seagis Property Group has acquired a nearly 20,000-square-foot warehouse in Carlstadt, marking its 14th investment in the Meadowlands and another addition to its fast-growing portfolio.

Retail
Prism eyes fall debut for new Starbucks in Clifton, its first retail tenant at ON3 campus

A highly anticipated Starbucks in Clifton is on track to open this fall, with construction well underway at Prism Capital Partners’ mixed-use ON3 campus.

Retail
Sanzari taps RIPCO as leasing team for grocery-anchored retail center in Hackensack

Alfred Sanzari Enterprises has named RIPCO Real Estate as its leasing broker for a 100,000-square-foot, grocery-anchored shopping center in Hackensack.

Government & Public Policy
EDA approves $74 million tax credit, boosting award for planned 207-unit Newark high-rise

A project that would bring more than 200 new apartments to downtown Newark is moving ahead with expanded support from the state, securing approvals for up to $74 million in Aspire tax credits from the Economic Development Authority.

Top News
CBRE: Buyer wanted for Harrison ‘town square’ site with major residential, commercial phases

A major development site in Harrison is on the market for sale with approvals in place for 1,500 residential units, a 200-key hotel and large office and retail components.

Industrial
BRC: Glass company leases 54,000 sq. ft. in Woodbridge in move from New York

A glass company has leased nearly 54,000 square feet of industrial space in the Keasbey section of Woodbridge, in a newly announced deal by Bussel Realty Corp.