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: Investor sells 35-unit Roselle apartment building for $6.9 million

An investor has sold a 35-unit apartment building in Roselle for $6.9 million, according to a broker with The Kislak Co. Inc.

People
Reynolds adds V.P. of architecture and design, senior associate to support expansion

Reynolds Asset Management has announced two new hires to support its recent growth in the region and nationally.

Health Care & Education
Specialty health care provider takes 1,700 sq. ft. in Bloomfield, NAI Hanson says

A specialty medical practice is expanding to northern New Jersey after a lease at a Bloomfield office building, in a newly announced deal by NAI James E. Hanson.

Community
Procida-led team launches monthly charity program tied to lease-up of Cherry Hill project

The team behind a soon-to-be-completed, 507-unit multifamily project in Cherry Hill is hoping to support local charities as part of its lease-up of the property.

Industrial
2020 Acquisitions lands first tenant at 4.2 million sq. ft. Old Bridge industrial park

A packaging and fulfillment firm has leased more than 192,000 square feet to become the first tenant at a new nine-building, 4.2 million-square-foot industrial park in Old Bridge.

Office
JLL: Horizon adds 150,000 sq. ft. Jackson medical office building, in $24 million deal

Horizon Equities has acquired a 150,000-square-foot medical office building in Jackson for $24 million, in a newly announced deal by JLL.

Retail
Card, game shop takes 2,500 sq. ft. in Flemington, BRC says

A card and game shop has leased 2,500 square feet at a Flemington retail center, brokers with Bussel Realty Corp. announced Thursday.

Industrial
Denholtz acquires 724,000 sq. ft. Lehigh Valley industrial portfolio

Denholtz Properties has added more than 720,000 square feet of industrial space to its holdings in the region, acquiring an 18-building portfolio in Pennsylvania’s Lehigh Valley.

Events
Godun begins term as CREW NJ president alongside board of directors

Ware Malcomb architect Erica Godun has taken the reins as New Jersey chapter president of Commercial Real Estate Women Inc., leading a 13-member board that will guide the association in the year ahead.

Government & Public Policy
Plan for ‘Hoboken Connect’ apartment tower advances with $90 million EDA tax credit

A key piece of a sweeping redevelopment in Hoboken is moving ahead with the support of a 10-year, $90 million tax credit award that was approved last month by state officials.