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
C&W: Investor grabs 32,000 sq. ft. South Plainfield industrial building for $3.8 million

The site of a nearly 32,000-square-foot former GE Healthcare facility in South Plainfield has traded for $3.8 million, brokers with Cushman & Wakefield announced Wednesday.

Retail
Convenience store coming to West Side Square as Jersey City project’s first retail tenant

The highly anticipated West Side Square project in Jersey City has its first retail tenant, securing a convenience store that will serve the property’s residents and those in the surrounding area.

Industrial
RRNNJ: Fairfield industrial building fully leased after deals with floral supplier, construction firm

The owner of a Fairfield industrial building has secured two new leases, filling more than 20,000 square feet in a set of deals arranged by Resource Realty of Northern New Jersey.

Industrial
Food manufacturer, distributor buys 6,000 sq. ft. Middlesex facility for $3.2 million, BRC says

A food production facility in Middlesex Borough has changed hands for $3.2 million, providing what brokers say is a turnkey commercial kitchen for its new owner.

Office
Kislak opens new brokerage, administrative headquarters at Woodbridge office tower

The Kislak Co. Inc. has a new address in Woodbridge, its home of nearly 45 years, after moving to a well-known office tower just north of the New Jersey Turnpike.

Featured
Advance launches preleasing at new Hoboken rental property, adding to North End footprint

Designed by MVMK Architects and Living Systems, Willow House at 1404 Willow Ave. in Hoboken is a collection of 52 luxury rentals ranging from studios to three-bedroom penthouses. — Rendering by MVMK / Courtesy: Advance Realty Investors By Joshua Burd…

Top News
J&L welcomes Da Silva Team, new entrepreneur hub to Textile Lofts in Newark’s Ironbound

J&L Cos. has secured a new anchor tenant for its Textile Lofts property in Newark, inking a lease to bring a real estate brokerage and a coworking hub to the distinctive mixed-use building.

Finance & Capital Markets
JLL: East Brunswick senior living facility taking shape with $35 million construction loan

The developers of a new 100-bed assisted living and memory care facility in East Brunswick have closed on more than $35 million in construction financing, in a deal arranged by JLL.

Retail
Purity Water accelerates franchise plan with five new retail leases in New Jersey, JLL says

Purity Water, a growing wellness concept, has added five new storefronts in New Jersey as part of a franchise expansion guided by JLL’s leasing team in the region.

Residential & Mixed Use
Cervelli: Renovated seven-unit Jersey City apartment building trades for $1.65 million

A private investor has sold a seven-unit apartment building with four garage parking spaces in Jersey City for $1.65 million, according to Cervelli Real Estate and Property Management.