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
Final townhome at Hoboken’s Wonder Lofts on the market for $2.8 million

The final townhome-style condominium at the distinctive Wonder Lofts project in Hoboken has hit the market for just under $2.8 million.

Deals
Vacant 2.3-acre parcel in Howell fetches $875,000, Sheldon Gross says

A plot of undeveloped land spanning more than two acres has changed hands in Howell for $875,000, brokers with Sheldon Gross Realty announced this week.

Office
Fashion company Sparc Group renews, expands to 93,000 sq. ft. at Lyndhurst office building

The owner of Brooks Brothers, Reebok and other fashion brands has expanded its footprint in Lyndhurst, where it now occupies more than 90,000 square feet of office space.

Events
Strength and stability: Panelists say long-term leadership in business, government is central to New Brunswick’s highly touted revival

Leveraging its key assets and the vast resources of business, academic and political leaders in New Brunswick has been a hallmark of the city’s economic revival in recent decades, panelists said during a program hosted by Real Estate NJ, as they discussed the philosophical and financial partnerships behind billions of dollars in public- and private-sector redevelopment.

Industrial
NAIDB: Industrial buildings in East Brunswick, Piscataway trade for combined $15.5 million

Two Middlesex County industrial buildings totaling 77,000 square feet have changed hands for a combined $15.45 million, in a set of newly announced deals by NAI DiLeo-Bram & Co.

Professional Services
CBRE adds retail specialists Munley, Behr to capital markets team

Veteran brokers Chris Munley and Colin Behr have joined CBRE to focus on sales of open-air, multitenant retail properties throughout the Mid-Atlantic and Northeast regions.

Hospitality & Tourism
Denholtz opens new 17,000 sq. ft. bar, entertainment venue at Fort Monmouth

Denholtz Properties has opened the doors to a bar, restaurant and entertainment venue at The Commissary at Baseline, its food and beverage destination at the iconic Fort Monmouth site.

Retail
Growing Indian grocery chain takes 16,000 sq. ft. at Clifton retail center, LMC says

An Indian supermarket chain has leased 16,000 square feet at a Route 46 shopping center in Clifton, in a newly announced deal by Levin Management Corp.

Features
Korinis, outgoing CREW NJ president, reflects on chapter’s push to expand philanthropy, member benefits

Krista Korinis is set to step down as president of CREW NJ, following a one-year term that has focused on philanthropy, creating new value for members and expanding networking opportunities.

Residential & Mixed Use
Iron Ore starts construction after inking loan for new 39-unit rental project in Cranford

Iron Ore Properties LLC has secured construction financing for a project that will bring 39 new apartments to downtown Cranford, in the latest piece of a four-phase redevelopment.