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
CBRE: Pasbjerg sells 376,000 sq. ft. portfolio of ShopRite-anchored centers in Ocean County

A developer has sold more than 376,000 square feet of grocery-anchored retail space across three properties in Ocean County, in a newly announced deal by CBRE.

Office
Cresa: New Jersey Brain and Spine leases 16,000 sq. ft. at Onyx-owned building in Paramus

A top neurosurgery practice has taken more than 16,000 square feet at a well-known office building in Paramus, brokers with Cresa New Jersey announced Wednesday.

Retail
LMC touts supermarket opening, new restaurant lease at South Plainfield retail center

The owner of a South Plainfield shopping center has welcomed a specialty grocer and a Mexican restaurant after a pair of leases totaling nearly 18,000 square feet.

Residential & Mixed Use
Leasing underway at Walters’ newest affordable housing property in Manahawkin

Walters has kicked off leasing at the second piece of an income-restricted apartment property in the Manahawkin section of Stafford Township, delivering another 34 units to the site.

Retail
Sleep Number inks deals for new stores in Burlington and Cherry Hill, Equity Retail says

Sleep Number is adding two locations in southern New Jersey with a pair of newly announced leases by Equity Retail Brokers.

Residential & Mixed Use
Buyer wanted for two-year-old, 232-unit rental property in Belleville, JLL says

The owner of 232 luxury apartments in Belleville has put the property on the market for sale, in an offering that comes just two years after the completion of the two-building development.

Office
Sanzari welcomes Trenk Isabel Siddiqi & Shahdanian to Court Plaza in Hackensack

A new law firm is coming to Alfred Sanzari Enterprises’ Court Plaza in Hackensack after leasing more than 3,900 square feet at the three-building, 335,000-square-foot complex.

Professional Services
Sheldon Gross named property manager for 237,000 sq. ft. North Brunswick portfolio

The owner of an eight-building, 237,000-square-foot office and industrial complex in North Brunswick has tapped Sheldon Gross Realty as its property manager.

Residential & Mixed Use
Taylor Architecture: Developer lands planning board approval for 62 apartments in Dunellen

Dunellen could soon welcome another 62 apartments to its central business district as part of a project that the borough’s planning board approved late last month.

Industrial
Harrison, Kearny industrial outdoor storage portfolio sells for $156 million, NAI Hanson says

An investment firm has acquired a nearly 49-acre industrial outdoor storage portfolio in Harrison and Kearny for $156.3 million, brokers with NAI James E. Hanson announced Tuesday.