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
Fantin unveils 297-unit luxury rental building in Journal Square

Developer Milton Fantin has debuted a collection of nearly 300 luxury apartments and amenities in Jersey City’s resurgent Journal Square section.

Professional Services
Langan’s Chun among five honorees for NAIOP’s 2023 Developing Leaders Award

NAIOP has recognized a senior project scientist with Langan Engineering & Environmental Services as a recipient of its 2023 Developing Leaders Award.

Health Care & Education
Physical therapy, sports rehab practice opens new 5,000 sq. ft. facility in Medford

A physical therapy practice has doubled its footprint with the opening of a new 5,000-square-foot facility in the Burlington County township of Medford.

Industrial
Aspen acquires 83,000 sq. ft. industrial, office portfolio in Burlington in distressed asset deal

Private equity firm Aspen Real Estate has acquired nearly 83,000 square feet of industrial and office space at the junction of two key thoroughfares in Burlington Township.

Office
JLL: Montvale office building sells for $15 million, trading for third time in 12 years

Nessel Development has sold a nearly 120,000-square-foot office building in Montvale for $14.75 million, under a deal arranged by JLL’s New Jersey capital markets team.

Professional Services
HLW taps Strickland as managing director for New Jersey office

Global architecture, design and planning firm HLW has named Melissa Strickland as its new managing director in New Jersey.

Finance & Capital Markets
G.S. Wilcox closes $16.3 million in loans for Piscataway warehouse, Long Island retail center

The owner of more than 30,000 square feet of new industrial space in Piscataway has landed $5.7 million in financing, in one of two newly announced deals by G.S. Wilcox & Co.

Industrial
South Hackensack industrial space trades for second time in three years, NAI Hanson says

An electrical contractor has purchased a 5,300-square-foot industrial building in South Hackensack, in a newly announced deal by NAI James E. Hanson.

Industrial
Ridgecut, Luzern acquire low-coverage 3.4-acre truck repair property in Aberdeen

Real estate investment firm Ridgecut Road has added to its fast-growing portfolio, acquiring a 3.4-acre industrial property in Monmouth County under a joint venture with Luzern Associates.

Industrial
STRO, KRE Group enter Southeast with Florida industrial deals totaling 136,000 sq. ft.

The STRO Cos. and Kushner Real Estate Group have announced two new acquisitions in Florida, adding more than 136,000 square feet to their industrial holdings outside New Jersey.