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
Kislak lists 50-unit apartment building in Paterson’s Eastside Park neighborhood

The longtime owner of a 50-unit apartment building in Paterson is seeking a buyer for the property, according to a listing team with The Kislak Co. Inc.

Food & Beverage
Boschetto, beloved ‘fine fast-casual’ spot in Montclair, coming to The Park in Berkeley Heights

A popular restaurant in Montclair is expanding to The Park in Berkeley Heights, where it joins a distinctive and growing food and beverage lineup assembled by The Connell. Co.

Office
Investor adds 36,000 sq. ft. office building in Moorestown business district, WCRE says

An investor has acquired a more than 36,000-square-foot office building in Moorestown, in a newly announced deal by Wolf Commercial Real Estate.

Office
RCS, Lamar Cos. buy 368,000 sq. ft. Jersey City office building in deal brokered by C&W

30 Montgomery St. in Jersey City — Courtesy: Real Capital Solutions/Lamar Cos. By Joshua Burd A joint venture has planted a flag in Jersey City with its acquisition of a well-known 16-story office building in the waterfront Exchange Place district.…

Industrial
Velocity, sustainable packaging firm ink 155,000 sq. ft. deal to fill historic Pennsauken building

Velocity Venture Partners has all but leased up a major industrial building in Pennsauken after securing a 155,000-square-foot deal with a maker of sustainable shipping products.

Education
NJIT opens 25,000 sq. ft. translational research center at NEST campus in Kenilworth

New Jersey Institute of Technology has officially launched a new research hub at the Northeast Science and Technology Center in Kenilworth, where it’s leasing 25,000 square feet from a joint venture that’s repositioning the former Merck & Co. campus.

Deals
Vantage: Investors scoop up Collingswood medical office building, eyeing redevelopment

Local investors have acquired a commercial property in Collingswood with plans to redevelop the site, leveraging the borough’s well-known downtown and its access to mass transit.

Retail
Zoltek lists 2.2-acre leasing opportunity for retailers on Route 31 in Warren County

The owner of some two acres along Route 31 in Warren County has tapped Zoltek Commercial Real Estate Services to secure a user for the highly visible and highly trafficked parcel.

Finance & Capital Markets
Kennedy Funding closes $4.4 million land loan for 39-acre residential project in Texas

The owner of a nearly 39-acre residential site outside Austin, Texas, has closed on $4.4 million in financing from Kennedy Funding, the Englewood-based direct private lender.

Top News
Red Bulls debut cutting-edge training campus in Morris Township, bringing new life to once-stranded office site

The transformation of another New Jersey suburban office campus is complete, but the result is far from the warehouses and apartments found at other redevelopment sites.