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
Trio of drive-thru retail pad sites in Mercer, Somerset counties on the market, Pierson says

Three freestanding retail properties in Mercer and Somerset counties have hit the market for lease, each with a drive-thru, in a set of new listings by Pierson Commercial.

Deals
Evergreen Theragnostics adds new spaces in Springfield, in deals arranged by Sheldon Gross

A life sciences firm has expanded in Springfield with two additional leases in the township, in a set of newly announced deals by Sheldon Gross Realty.

Finance & Capital Markets
B&D Holdings lands $23 million acquisition loan for 206,000 sq. ft. Exit 9 industrial campus

B&D Holdings has secured a $23 million acquisition loan for more than 200,000 square feet of industrial space in New Brunswick, brokers with JLL announced Thursday.

Top News
NAI Hanson: Buyer wanted for prime development site in downtown Hackensack

A development site across from Hackensack University Medical Center is on the market for sale, offering the potential to build everything from housing to laboratory space to structured parking.

Industrial
Cheese manufacturer takes 22,000 sq. ft. in Kenilworth, Blau & Berg says

A growing cheese company has leased a 22,000-square-foot industrial building in Kenilworth, in a newly announced deal by The Blau & Berg Co.

Residential & Mixed Use
Move-ins underway at new 336-unit rental property at Jersey City-Hoboken border

The first residents have arrived at a new 356-unit luxury apartment building at the border of Jersey City and Hoboken, its developers announced this week.

Industrial
Reports: Hartz scraps plan for logistics park, open space at sprawling Hercules site on I-80

Hartz Mountain Industries reportedly has dropped its plan to build a 2.5 million-square-foot industrial park in Roxbury — one that also called for hundreds of acres of open space — following considerable pushback from a contingent of local officials, residents and others.

Residential & Mixed Use
Kushner kicks off long-awaited 360-unit project with Colts Neck’s first-ever apartments

Kushner has broken ground on a project that will bring 360 new apartments to Colts Neck, part of a sprawling, at times contentious development that is nearly 20 years in the making and will deliver the township’s first multifamily rentals.

Retail
Acadia, Fortress sell 153,000 sq. ft. Paramus retail center for $37 million, C&W says

A joint venture has sold a retail center on Route 17 South in Paramus for nearly $37 million, in a newly announced deal by Cushman & Wakefield.

Retail
Dollar Tree leases 6,100 square feet at Sanzari-owned retail center in Hackensack

A new Dollar Tree is coming to Hackensack after leasing nearly 6,100 square feet at Alfred Sanzari Enterprises’ Summit Plaza property off Route 17.