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.

Top News
Prism lands approvals for long-awaited housing phase at ON3, among other major projects

Prism Capital Partners has secured three key approvals for its flagship ON3 campus in Clifton and Nutley, paving the way for new phases including a long-awaited residential component with nearly 1,100 multifamily units, along with a major research and development facility.

Industrial
Reports: Industrial vacancy still rising in New Jersey, but 3PL deals remain a bright spot

Logistics firms are helping to keep a lid on rising industrial vacancy in New Jersey, providing modest relief as landlords deal with excess construction and growing sublease options.

Retail
LMC: Five Below takes 10,000 sq. ft. in latest deal at new-look Blue Star Shopping Center

Five Below has leased 10,000 square feet at Blue Star Shopping Center in Watchung, bringing another tenant to the newly updated property on Route 22.

Industrial
Sanzari leases 11,000 sq. ft. in South Hackensack to restaurant supply store

A restaurant supply business has found a new home in South Hackensack after agreeing to lease more than 11,000 square feet of commercial space from Alfred Sanzari Enterprises.

Office
Davis & Associates sells 21,000 sq. ft. Marlton office building, WCRE says

An investment firm has acquired a more than 21,000-square-foot office building in the Marlton section of Evesham Township, in a newly announced deal by Wolf Commercial Real Estate.

Industrial
Global metal supplier inks 85,000 sq. ft. renewal at Parsippany industrial building

A metal service center and distribution network in Parsippany has signed a lease renewal for more than 85,000 square feet, brokers with CBRE announced Tuesday.

Industrial
New 236,000 sq. ft. logistics campus in Somerset lands two tenants, CBRE says

CBRE Investment Management has filled nearly 236,000 square feet of new industrial space in the Somerset section of Franklin, securing two tenants after recently acquiring the complex.

Finance & Capital Markets
Cronheim: Buyer scores $28 million loan for 120-unit rental property near Hackettstown

The new owner of a 120-unit luxury apartment complex in Warren County has secured nearly $28 million in acquisition financing, in a deal arranged by Cronheim Mortgage.

Industrial
PNK Group adds another South Jersey development site, eyeing 270,000 sq. ft. warehouse

Industrial developer PNK Group has acquired more than 53 acres in Camden County, with plans to build some 270,000 square feet of logistics space as part of its growing footprint in the state.

Residential & Mixed Use
Ocean County mobile home park trades for $2.3 million, Kislak says

An investor has acquired a mobile home community in the Ocean County township of Manchester for $2.3 million, in a newly announced deal by The Kislak Co. Inc.