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.

People
STRO adds industry veteran Fitch as managing director of acquisitions, capital markets

The STRO Cos. has named a new managing director of acquisitions and capital markets to support its expansion beyond the Garden State.

Retail
Denholtz, beauty spa ink 2,000 sq. ft. lease to fill last retail space at The Rail at Red Bank

Denholtz Properties has filled the final retail space at a high-profile redevelopment project in Red Bank’s West Side neighborhood.

Industrial
KSR: Investment firm buys seven-acre Old Bridge industrial property for $7.6 million

Dalfen Industrial has added to its New Jersey portfolio with the acquisition of a nearly seven-acre parcel in Old Bridge, in a deal arranged by Kassin Sabbagh Realty.

Residential & Mixed Use
Journal Square Urby on track for spring 2024 delivery after 317-unit rental project tops out

The newest Urby-branded apartment tower in Hudson County has topped out in Jersey City’s Journal Square section, with less than a year to go until the completion of the 317-unit building.

Residential & Mixed Use
Boutique Jersey City apartment building trades for $412,000 per unit, KW says

A private investor has acquired an eight-unit apartment building in Jersey City for $3.3 million, in a transaction arranged by Keller Williams Realty Inc.

Office
Chilmark: Financial firm takes 9,600 sq. ft at Park Ridge office building

A new tenant is coming to a well-known office building in Park Ridge after leasing nearly 10,000 square feet at the property, brokers with Chilmark Real Estate Services announced.

Retail
Buyer wanted for 253,000 sq. ft. Toms River shopping center, RIPCO says

The owner of a Toms River shopping center has placed the property on the market, brokers with RIPCO Real Estate said, touting the potential to draw offers of more than $20 million.

Finance & Capital Markets
G.S Wilcox sources $10.2 million loan for new Hampshire self-storage facility

The Hampshire Cos. has secured $10.2 million in financing for a newly built, 785-unit self-storage facility in Connecticut, in a deal arranged by G.S. Wilcox & Co.

Industrial
Developer eyes 490,000 sq. ft. of new industrial space minutes from Lincoln, Holland tunnels

Construction is underway on a project that will bring nearly 500,000 square feet of new industrial space to Jersey City, in a rare ground-up development in the submarket that will create the largest high-end logistics facility within five miles of the Lincoln and Holland tunnels.

Residential & Mixed Use
Seven-building, 184-unit apartment portfolio trades in Irvington, Kislak says

A private investor has purchased a seven-building, 184-unit apartment portfolio in Irvington, in a newly announced deal by The Kislak Co. Inc.