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.

Industrial
Denville flex industrial building trades for $2.5 million, C&W says

The longtime owner of a roughly 14,000-square-foot flex industrial building in Denville has sold the property, in a newly announced deal by Cushman & Wakefield.

Office
Sanzari signs 5,300 sq. ft. renewal in Teaneck with Maschler family office

A family office has signed a nearly 5,300-square-foot lease renewal at Alfred Sanzari Enterprises’ Glenpointe campus in Teaneck, the landlord announced Wednesday.

Residential & Mixed Use
Reynolds, Slabotsky family office acquire Louisiana apartment complex

Reynolds Asset Management has made another acquisition outside New Jersey, adding a 185-unit apartment complex in Shreveport, Louisiana, in a recent $9.5 million deal.

Retail
Sheldon Gross: Stone fabricator, installer inks 850 sq. ft. renewal in Morristown

A stone fabricator and installer has signed an 850-square-foot lease renewal for its storefront in downtown Morristown, in a deal arranged by Sheldon Gross Realty.

Industrial
Woodmont, Brookfield detail start of 450,000 sq. ft. industrial project in Warren County

Woodmont Industrial Partners and Brookfield Properties have broken ground on a new 450,000-square-foot warehouse facility in Warren County, the firms announced Tuesday.

Residential & Mixed Use
JLL: Buyer (or partner) wanted for 309-unit luxury apartment building in Jersey City

The owner of a four-year-old, 309-unit apartment building in Jersey City is looking to sell or recapitalize the property, according to a brokerage team with JLL.

Residential & Mixed Use
Three-building, 26-unit apartment portfolio in Irvington fetches $3.3 million, Marcus says

A private investment firm has sold a three-building, 26-unit apartment portfolio in Irvington for nearly $3.3 million, brokers with Marcus & Millichap announced Tuesday.

Retail
Urban Edge brings Atlantic Health to Manalapan retail center with 18,000 sq. ft. deal

Urban Edge Properties has signed two new deals with Atlantic Health System, including a lease for an 18,000-square-foot facility at a large shopping center in Manalapan.

Deals
Goldstein Group inks sale of freestanding retail assets in Bergen, Rockland counties

A private business has acquired the site of a freestanding former liquor store in Upper Saddle River, in one of two newly announced deals by The Goldstein Group.

Residential & Mixed Use
TFE unveils 60-unit first phase of new townhome project near downtown Somerville

TFE Properties has debuted the first piece of a development that will bring nearly 175 new townhome-style apartments to a site that’s minutes from downtown Somerville.