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
Ridgecut Road adds 3.1-acre industrial service, outdoor storage property in Middlesex

Ridgecut Road has acquired a 3.1-acre industrial service and outdoor storage property in Middlesex Borough as part of a short-term sale-leaseback with an outgoing user.

Professional Services
D’Amato joins Palestina Scrivo Properties as executive vice president

Palestina Scrivo Properties Inc. has added veteran broker John D’Amato as an executive vice president with its Clifton-based team.

Residential & Mixed Use
Woodmont, local officials unveil 300-unit Woodmont Forge at Hopewell

Woodmont Properties welcomed local officials last week to mark the opening of Woodmont Forge at Hopewell, its new 300-unit luxury apartment complex in Mercer County.

Residential & Mixed Use
Owner of 46 units at Elizabeth co-op sells portfolio for $5.2 million, Kislak says

A portfolio of 46 apartments at a cooperative property in Elizabeth has changed hands for $5.2 million, in a newly announced deal by The Kislak Co. Inc.

Retail
LMC: Dollar Tree leases 15,000 sq. ft., fills half of former Bed Bath store in Howell

Dollar Tree has taken 15,000 square feet for a new location on Route 9 in Howell, in a transaction announced Thursday by Levin Management Corp.

Industrial
Heritage Capital sells 13-building, 507,000 sq. ft. industrial park in Totowa

Heritage Capital Group LLC has sold a nearly 507,000-square-foot industrial park near Interstate 80 in Totowa, brokers with Cushman & Wakefield announced Thursday.

Industrial
Seagis adds 20,000 sq. ft. Carlstadt warehouse, in Resource Realty-brokered deal

Seagis Property Group has acquired a nearly 20,000-square-foot warehouse in Carlstadt, marking its 14th investment in the Meadowlands and another addition to its fast-growing portfolio.

Retail
Prism eyes fall debut for new Starbucks in Clifton, its first retail tenant at ON3 campus

A highly anticipated Starbucks in Clifton is on track to open this fall, with construction well underway at Prism Capital Partners’ mixed-use ON3 campus.

Retail
Sanzari taps RIPCO as leasing team for grocery-anchored retail center in Hackensack

Alfred Sanzari Enterprises has named RIPCO Real Estate as its leasing broker for a 100,000-square-foot, grocery-anchored shopping center in Hackensack.

Government & Public Policy
EDA approves $74 million tax credit, boosting award for planned 207-unit Newark high-rise

A project that would bring more than 200 new apartments to downtown Newark is moving ahead with expanded support from the state, securing approvals for up to $74 million in Aspire tax credits from the Economic Development Authority.