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
Vida Capital eyes launch of leasing at new 44-unit Bayonne rental property

Commercial real estate firm Vida Capital is set to unveil a new 44-unit luxury apartment building that has brought new life to a former industrial property in Bayonne.

Industrial
NorthPoint breaks ground on 955,000 sq. ft. Salem County warehouse, Peak Construction says

Construction is underway on a project that will bring nearly 955,000 square feet of new industrial space to the Salem County township of Pilesgrove.

Office
Sheldon Gross sells 24,000 sq. ft. office building, final piece of family’s 300-acre tract in Wall

The family of the late Sheldon Gross has sold an office building in Wall Township, the final piece of a 300-acre tract that the well-known real estate executive had developed or sold in phases during six decades of ownership.

Office
NAI Hanson inks partnership interest sale at 18,500 sq. ft. Englewood medical office building

A partner in a medical office building near Englewood Hospital has sold its interest in the property, brokers with NAI James E. Hanson announced Tuesday.

Deals
CPN: Apple Montessori adds 7,200 sq. ft. building for new Princeton-area school

A division of Apple Montessori has acquired a 7,200-square-foot building outside Princeton, in a newly announced deal by Commercial Property Network Inc.

Office
Investment firm takes ownership of Short Hills office buildings, taps JLL as leasing agent

An investment manager has taken ownership of two well-known office buildings in the Short Hills section of Millburn, having tapped JLL as its leasing team for the properties.

Professional Services
Real estate, land use attorney Maioriello joins Connell Foley as associate

Connell Foley LLP has deepened its bench of real estate attorneys in New Jersey with the addition of Rebecca Maioriello as an associate.

Office
Sanzari leases 4,300 sq. ft. at Glenpointe to Columbia University Irving Medical Center

A new surgical center is coming to Alfred Sanzari Enterprises’ flagship Glenpointe campus in Teaneck after leasing nearly 4,300 square feet at the property.

Finance & Capital Markets
Developer inks $5.4 million refi of new 19-unit Bayonne rental building, HKS says

The owner of a newly completed, 19-unit apartment building in Bayonne has refinanced the property for $5.4 million, in a deal arranged by HKS Real Estate Advisors.

Retail
BRC: Wingstop, Monmouth Spine & Wellness lease space at Rahway retail center

The owner of a Rahway shopping center has secured two new tenants with a set of leases totaling more than 2,300 square feet, brokers with Bussel Realty Corp. announced.