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
Macy’s to bring new small-format stores to grocery-anchored centers in Mount Laurel, Ramsey

Macy’s is bringing its highly touted small-format stores to Mount Laurel and Ramsey, marking two of the first New Jersey locations for the concept under a recently announced expansion.

Residential & Mixed Use
Kislak: Three-building, 95-unit garden apartment complex in Belleville fetches $12 million

The longtime owner of a 95-unit garden apartment complex in Belleville has sold the property for nearly $12 million, in a newly announced deal by The Kislak Co. Inc.

Retail
NAIDB inks 3,000 sq. ft. retail lease, $3.4 million industrial sale in Kenilworth

A dance studio has signed a new lease and an industrial building has changed hands, both in Kenilworth, under a set of deals arranged by NAI DiLeo-Bram & Co.

Retail
JLL: Phenix Salon Suites adds three locations in New York metro, including East Brunswick

Phenix Salon Suites has added a 9,000-square-foot location at an East Brunswick shopping center, in one of three newly announced deals by JLL.

Residential & Mixed Use
Walters: New 50-unit Holmdel property nearly complete as affordable housing lottery kicks off

Walters has reached the final phase of construction at what will be Cornerstone at Holmdel, a new income-restricted multifamily property near two of the region’s key highways.

Industrial
Joint venture acquires 10-acre industrial outdoor storage property in Sayreville

Brennan Investment Group, Global Gate Capital and Ridgecut Road have acquired a 10-acre industrial outdoor storage property in Sayreville, the joint venture announced Monday.

Industrial
Petrucci breaks ground on Vineland cold storage facility, having built in 100+ municipalities

J.G. Petrucci Co. Inc. has broken ground on nearly 260,000 square feet of cold storage space in Vineland, in a project that marks a major milestone for the company.

Deals
Two-building, 16,000 sq. ft. commercial portfolio in Dumont sold for $2.6 million, Equity says

A business owner in Dumont has sold two commercial buildings totaling more than 16,000 square feet, in a newly announced deal by Equity Real Estate Brokerage LLC.

Health Care & Education
Hunterdon Healthcare takes 6,200 sq. ft. at Larken-owned office complex in Warren County

Larken Associates has completed another lease with Hunterdon Healthcare, providing it with more than 6,000 square feet at a Warren County office complex.

Retail
Atkins, Woodmont ink 2,000 sq. ft. deal to bring Pilates studio to Washington Township

A fitness franchise has joined the tenant roster at Washington Square Town Center, a 35-acre mixed-use development in Gloucester County’s Washington Township.