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
Woodbridge retail center at routes 1 and 9 on the market for sale, JLL says

An investment firm is seeking a buyer for nearly 290,000 square feet of retail space at the nexus of two major highways in Woodbridge, with the potential to command some $40 million for the asset.

Residential & Mixed Use
Cervelli brokers Fairview, Cliffside Park apartment sales for combined $2.2 million

Two apartment buildings with a combined 12 units have changed hands in southeast Bergen County, in a set of deals arranged by Cervelli Real Estate & Property Management.

Retail
Goldstein Group: Phenix Salon Suites takes 8,000 sq. ft. at Belleville mixed-use project

Phenix Salon Suites has added to its footprint in New Jersey after leasing more than 8,000 square feet at a new mixed-use development in Belleville.

Office
Bergman scores TOBY award for Princeton-area office building, winning for third straight year

Bergman Real Estate Group has earned another top honor from the Building Owners and Managers Association’s New Jersey chapter, this time for a Princeton-area office building.

Industrial
JLL: Denholtz secures JV equity for multistate, 631,000 sq. ft. light industrial portfolio

Denholtz Properties has recapitalized a portfolio of more than 631,000 square feet of light industrial space in New Jersey and Pennsylvania, brokers with JLL announced Thursday.

Residential & Mixed Use
Larken marks lease-up of new luxury rental properties in Bordentown, Whitehouse Station

Larken Associates has leased up a combined 526 apartments across two newly completed luxury multifamily properties in Burlington and Hunterdon counties.

Retail
Urban Edge, 85 Degree Bakery Café ink 3,500 sq. ft. lease in East Hanover

Urban Edge Properties has leased more than 3,500 square feet in East Hanover to 85 Degree Bakery Café, providing the chain with its first northern New Jersey location.

Deals
Newark charter school takes 50,000 sq. ft. in lease with Berger, Newmark CRE says

A charter school has a new home in downtown Newark after a signing a 50,000-square-foot lease with the Berger Organization, in a deal arranged by Newmark Associates CRE.

Events
Real estate icons among honorees at Meadowlands Chamber gala, 50th anniversary celebration

If there was any doubt about the commercial real estate industry’s impact on northern New Jersey, this year’s Meadowlands Chamber Legacy Awards Reception was a clear reminder. The organization hosted the annual gala on Oct. 12 while marking the 50th anniversary of its founding. Fittingly, it also unveiled a list of the 50 most influential people in the region’s history — including more than a dozen iconic developers and real estate service providers, from Jerry Gottesman and Jon and Peter Hanson to Gretchen Wilcox and Dave Gockel.

Residential & Mixed Use
UNLMTD, Fiat unveil plan for Fort Lee rental project with EV car-sharing program

More than 300 new luxury apartments are coming to Fort Lee as part of a newly announced partnership between UNLMTD Real Estate and Fiat, the global automaker, at a building whose residents will have access to an on-site fleet of electric vehicles.