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.

Government & Public Policy
State OKs $22 million Aspire package for Newark health care center project

State officials have given a major boost to another development in Newark, approving a nearly $22 million tax credit award for a new ground-up health care project in the South Ward.

Residential & Mixed Use
SAGE: Investor buys 31-unit Elizabeth apartment building for $4.2 million

A private investor has acquired a 31-unit apartment building in Elizabeth for $4.2 million, in a newly announced deal by SAGE Investment Real Estate Advisors.

Office
New 17,000 sq. ft. headquarters lease in Clark leads strong Q2 for Signature Acquisitions

A transportation logistics firm has leased more than 17,000 square feet at a Clark office building, the largest among nearly a dozen second-quarter deals completed by Signature Acquisitions.

Retail
Two-building, mixed-use portfolio in Roselle trades for $1.2 million, Zimmel says

A longtime property owner in Roselle has sold two commercial buildings on one of the borough’s main thoroughfares, in a transaction arranged by Zimmel Associates.

Industrial
Saddleback breaks ground on new 50,000 sq. ft. industrial building in Hackettstown

Saddleback Real Estate Developers has started construction on a project that will bring 50,000 square feet of modern industrial space to the northern tip of Hackettstown.

Residential & Mixed Use
Marcus: Eight-unit apartment building in West New York trades for $2.2 million

A private investor has sold an eight-unit apartment building in West New York for nearly $2.2 million, in a newly announced deal by Marcus & Millichap.

Industrial
Investor adds 18,000 sq. ft. Elizabeth industrial building for $3.2 million, BRC says

An investor has paid $3.2 million for more than 18,000 square feet of industrial space in Elizabeth, in a transaction arranged by Bussel Realty Corp.

Residential & Mixed Use
Herskowitz joins SAGE Investment Real Estate Advisors as principal

SAGE Investment Real Estate Advisors has welcomed veteran multifamily broker Eli Herskowitz as the newest principal with its Morristown-based team.

Residential & Mixed Use
Two-building, 408-unit rental portfolio in Jersey City trades for $222 million, CBRE says

A group advised by J.P. Morgan Asset Management has sold 408 apartments across two properties in Jersey City for nearly $222 million, brokers with CBRE announced Tuesday.

Office
JLL: Brother International signs 83,000 sq. ft. lease extension in Bridgewater, works with landlord on new shared amenity spaces

Brother International Corp. has signed a nearly 83,000-square-foot lease extension for its headquarters in Bridgewater, brokers with JLL said, in a deal that comes as part of a plan to right-size its space while allowing its landlord to update the building’s amenities.