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
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.

Residential & Mixed Use
Penn Properties sells 208-unit Camden County rental portfolio for $23 million, Berkadia says

Penn Properties has sold a 208-unit garden apartment portfolio in Gloucester Township for $23 million, in a newly announced deal by Berkadia.

Retail
TFE adds three-building, 93,000 sq. ft. retail property in Fair Lawn, in JLL-brokered deal

TFE Properties has expanded to Bergen County with its purchase of nearly 93,000 square feet of retail space on a 6.3-acre site in Fair Lawn, in a deal arranged by JLL.

Industrial
DXD Capital completes latest self-storage project, a 603-unit facility in Egg Harbor Twp.

Private equity firm DXD Capital has opened a new 603-unit self-storage facility in Egg Harbor Township, the latest addition to its fast-growing portfolio in the asset class.

Professional Services
GTL: New customer, back-of-house spaces coming to Gary’s Wine & Marketplace

GTL Construction has kicked off a project that will revamp key customer and back-of-house spaces at a Gary’s Wine & Marketplace location in Bernardsville.