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
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.

Industrial
Longpoint adds 445,000 sq. ft. Montville industrial portfolio in deal with First Industrial

Longpoint Partners LP has acquired more than 445,000 square feet of industrial space in Montville, one of at least two major additions recently to the firm’s holdings in New Jersey.

Industrial
Distribution business takes 16,000 sq. ft. near Port Newark, Blau & Berg says

A distribution company has leased 16,000 square feet of industrial space roughly a mile from Port Newark-Elizabeth, in a newly announced deal by The Blau & Berg Co.

Office
NAI Hanson: Attorneys swap 9,000 sq. ft. office building in sale-leaseback in Hackensack

A law practice has acquired a 9,000-square-foot office building in Hackensack as part of a new sale and partial leaseback arranged by NAI James E. Hanson.

Retail
Bagel Nook opens in 2,000 sq. ft. space in Aberdeen, Florham Realty says

A new Bagel Nook has arrived in Aberdeen after recently leasing nearly 2,000 square feet along a key corridor, in a deal arranged by Florham Realty Group Inc.

Professional Services
Tavern, sushi restaurants with shared kitchen open in Morristown in latest Stone Creek project

Two restaurants have opened new locations in downtown Morristown, operating with a shared kitchen as part of a project completed by Stone Creek Construction Group.

Office
SJP inks 111,000 sq. ft. lease in Hoboken for Unilever’s new U.S. headquarters

SJP Properties has signed a new 111,000-square-foot lease with Unilever that will bring the consumer goods giant’s U.S. headquarters to the Hoboken waterfront.