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.

Retail
Goldstein Group: Tim Hortons takes 2,000 sq. ft. for new Forked River location

Tim Hortons is expanding in New Jersey with a newly signed, 2,000-square-foot deal in the Forked River section of Lacey Township, brokers with The Goldstein Group announced.

Retail
JLL: East Hanover Plaza trades in three-state, $126 million portfolio sale by SITE Centers

SITE Centers Corp. has sold a more than 98,000-square-foot shopping center in East Hanover as part of a multistate portfolio deal valued at $126 million, brokers with JLL said Tuesday.

Technology
CoreWeave begins $1.8 billion data center project in Kenilworth, landing first award under new EDA tax credit program

CoreWeave has started construction on a nearly $1.8 billion data center in Kenilworth with the help of what will be a five-year, $250 million tax credit award under a new state program.

Residential & Mixed Use
JLL: Buyer wanted for 301-unit Hoboken apartment building with value-add potential

The owner of a 301-unit apartment building near downtown Hoboken is looking to sell the property, offering what brokers say is strong upside in a coveted location.

Industrial
Longpoint sells 97,000 sq. ft. Clifton industrial complex in deal with Silverman, C&W says

Longpoint has sold a more than 97,000-square-foot industrial portfolio in Clifton to The Silverman Group, brokers with Cushman & Wakefield announced Monday.

Retail
Doren Development buys historic building in downtown Rutherford, with updates underway

Doren Development has acquired a historic mixed-use building in downtown Rutherford, where it has kicked off renovations to restore and modernize the landmark property.

Residential & Mixed Use
Walters launches affordable housing lottery at 66-unit Galloway site, eyes spring completion

Walters is targeting a spring delivery of a new 66-unit multifamily property in Atlantic County, as it solicits residents through a just-launched affordable housing lottery.

Industrial
PREMIER delivers new 152,000 sq. ft. Union industrial project for Brookfield

PREMIER Design + Build Group has completed its latest project in New Jersey, delivering a nearly 152,000-square-foot industrial facility in Union Township for Brookfield Properties.

Retail
Local buyer adds 22,000 sq. ft. Rutherford retail center in $7.4 million deal, Marcus says

A private investor has acquired a nearly 22,000-square-foot retail property in Rutherford for $7.35 million, brokers with Marcus & Millichap announced Friday.

Industrial
Sitex expands team with key hires, promotion

Sitex Group has announced three new hires and a promotion on its Englewood-based team as it supports a growing industrial portfolio in New Jersey, New York and South Florida.