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
CBRE: Veris sells 240-unit high-end rental property in Park Ridge for $117 million

Veris Residential Inc. has sold a four-year-old, 240-unit luxury apartment building in Park Ridge for $117 million, brokers with CBRE announced Tuesday.

Office
Health care firm buys Matawan office building after leasing space last year, Zimmel says

A growing health care network has acquired a 46,000-square-foot office building in Matawan, in a deal arranged by Zimmel Associates.

Industrial
NAIDB seeking investor, owner-user for 54,000 sq. ft. Middlesex industrial building

The owner of a 54,000-square-foot industrial building in Middlesex Borough has tapped NAI DiLeo-Bram & Co. to find a buyer for the property.

Residential & Mixed Use
Marcus: Nine-unit Hoboken apartment building fetches $4.6 million

A private investor has acquired a nine-unit apartment building in Hoboken for nearly $4.6 million, according to a brokerage team with Marcus & Millichap.

Retail
Ex-Rite Aid building at key Somerville intersection trades for $2.6 million, Deluccia says

The site of a former Rite Aid in Somerville has changed hands for $2.6 million, in a newly announced deal by Deluccia Commercial Group.

Office
Smolin Lupin debuts 20,000 sq. ft. office in Parsippany after lease arranged by RRNNJ

Accounting and financial services firm Smolin Lupin has moved to Parsippany, where it occupies 20,000 square feet under a lease arranged by Resource Realty of Northern New Jersey.

Residential & Mixed Use
JLL: Denholtz seeking buyer for fully approved high-end condo parcel in Sea Bright

Denholtz is looking to sell a shovel-ready development site in Sea Bright that would allow for 15 luxury condominiums along the Shrewsbury River, according to a listing team with JLL.

Residential & Mixed Use
TAY Investments opens 116-unit rental building to transform East Orange site

TAY Investments has unveiled a 116-unit luxury apartment building in East Orange that has brought new life to a former restaurant site off Interstate 280.

Retail
Doren Development buys Rutherford bank property, inks new lease with Columbia

Doren Development has found a new tenant for a bank property in downtown Rutherford after acquiring the nearly 2,300-square-foot building.

Community
J&L’s latest ‘Build-a-Backpack’ event benefits charter school students in downtown Newark

More than 150 students in downtown Newark will start the school year with new backpacks and classroom supplies thanks in large part to an initiative by J&L Cos.