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
Buyer wanted for 5.5-acre redevelopment site two miles from Port Newark, C&W says

A development site in northern New Jersey’s booming port region is on the market for sale, in a newly announced offering by Cushman & Wakefield.

Retail
Marcus: Site of Hillsborough preschool, daycare center fetches $3.6 million

A private investor has purchased the site of a preschool and daycare center in Hillsborough for nearly $3.6 million, brokers with Marcus & Millichap announced last week.

Residential & Mixed Use
Walters meet strong demand with new 25-unit affordable housing project in Montvale

Walters has completed construction on a new two-building, 25-unit multifamily project in Montvale that will provide housing for low- and moderate-income families.

Finance & Capital Markets
Kaplan, Nuveen close $27 million loan for new 128-unit Toms River rental project, JLL says

Kaplan Cos. has secured nearly $27 million in financing for a newly built, 128-unit apartment property in Ocean County, in a newly completed deal by JLL.

Editor’s Note
The best of The Briefing 2023

With the holidays upon us, we’re excited to bring you a look back at our top stories of 2023, including our most-read items and a few editor’s picks. You can catch up on our daily “best of” emails below. We will also keep you updated in the event of any breaking news.

Industrial
Dalfen Industrial buys newly built, 470,000 sq. ft. warehouse in western Morris County

Dallas-based Dalfen Industrial has made its third deal in New Jersey in roughly six months, acquiring more than 470,000 square feet of newly built logistics space in Morris County.

Industrial
B&D adds Shulman as senior vice president of acquisitions, eyeing growth in Northeast

Industrial real estate investor and developer B&D Holdings has tapped industry veteran Jack Shulman to spearhead its expansion in the Northeast.

Retail
Dollar Tree signs anchor lease at Berlin shopping center, Vantage Commercial says

A new Dollar Tree will open in Camden County after signing on as the anchor tenant at what’s known as the Bloom Circle Shopping Center, brokers with Vantage Commercial announced.

Retail
Boniakowski closes sale of ex-Boston Market property in Morris County

The site of a shuttered Boston Market store in Roxbury has changed hands for an undisclosed price, in a newly announced deal by The Boniakowski Commercial Real Estate Group.

Retail
Debt fund sells 62,000 sq. ft. retail portfolio, land parcel in Voorhees for $13 million

A debt fund has sold three retail properties and an undeveloped land parcel in Voorhees for a combined $13 million, in a newly announced deal by CBRE.