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
Seagis starts construction for preleased 53,000 sq. ft. warehouse in Kearny

Seagis Property Group is breaking ground on more than 53,000 square feet of new warehouse space in Kearny that it says is preleased to a well-known national operator.

Residential & Mixed Use
GN Management buys Panepinto interest, development rights for 579-unit tower at Harborside 9

Panepinto Properties has sold one of two newly acquired development sites in Jersey City to GN Management, a fellow real estate firm based in the city, setting the stage for the latter to build a 57-story, 579-unit apartment tower alongside another planned high-rise.

Finance & Capital Markets
Kaplan refis new 176-unit Sayreville rental project in $48 million deal by JLL

Kaplan Cos. has closed on $47.5 million in permanent financing for a newly completed, 176-unit luxury apartment complex in Sayreville, brokers with JLL announced Wednesday.

Industrial
Small-bay demand persists as NAIDB inks industrial deals in Marlboro, Somerset

A janitorial supply company has taken 9,000 square feet of industrial space in Marlboro, in one of two newly announced transactions by NAI DiLeo-Bram & Co.

Residential & Mixed Use
Matthews: Longtime owners sell 32-unit West New York portfolio for $4.4 million

A family ownership group has sold a two-building, 32-unit apartment portfolio in West New York for $4.35 million, in a newly announced deal by Matthews.

Office
Bank of America eyes late 2026 completion of new 548,000 sq. ft. office space in Jersey City

Bank of America’s future home in Jersey City is taking shape, with construction well underway on the new 548,000-square-foot office space that could open starting next summer.

Industrial
TCC, CBRE Investment Mgmt. add latest tenant at 1.1 million sq. ft. Sayreville logistics park

The developers of a high-profile new logistics park in Sayreville have secured another tenant for the campus, leasing nearly 101,000 square feet to a distributor of industrial food ingredients.

Finance & Capital Markets
JLL: Panepinto, AJD ink $384 million in debt, equity for 678-unit Jersey City rental project

Developers are planning an early 2026 groundbreaking for a new 678-unit apartment tower in Jersey City after landing $384 million in capital for the project, brokers with JLL said Tuesday.

Industrial
Crow Holdings delivers new 294,000 sq. ft. Burlington warehouse with 156,000 sq. ft. available

Crow Holdings Development has completed nearly 300,000 square feet of new warehouse space in Burlington, where it has one tenant in hand and less than half of the facility still available.

Food & Beverage
IHOP operator buys Ewing restaurant in $1.1 million deal arranged by CPN

The longtime operator of an IHOP in Mercer County has acquired the restaurant property for $1.125 million, according to brokers with Commercial Property Network Inc.