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.

Retail
Somerset shopping center adds Indian restaurant in 2,500 sq. ft. deal by Bussel Realty Corp.

An Indian restaurant has leased more than 2,500 square feet at a retail center in Franklin’s Somerset section, in a newly announced deal by Bussel Realty Corp.

Retail
LMC inks 1,400 sq. ft. deal with spa business, adding to Long Island retail center

A spa and wellness center has taken 1,400 square feet at a Long Island retail property, in a newly announced deal by North Plainfield-based Levin Management Corp.

Industrial
Prologis boosting curb appeal of Meadowlands properties with multimillion-dollar façade project

Prologis Inc. has embarked on a major refresh of its Meadowlands industrial portfolio, seeking to enhance its presence and the appeal of its buildings in one of the region’s key submarkets.

Top News
NAIDB: Middlesex, Union counties stand out as rising rates weigh on N.J. investment sales

Middlesex and Union counties emerged as key focal points for commercial real estate investors in the first half of 2023, accounting for some $700 million in sales through midyear.

Finance & Capital Markets
Capital One closes $200 million debt package for 1,300-unit portfolio in New Jersey, New York

Capital One has provided $200 million in financing in connection with four apartment properties spanning more than 1,300 units in New Jersey and New York, the lender announced.

Residential & Mixed Use
Investor sells 18 apartments, two retail spaces in Elizabeth portfolio deal, Kislak says

A private investor has purchased a combined 18 apartments and two retail spaces in Elizabeth for more than $4 million, in a newly announced deal by The Kislak Co. Inc.

Retail
March Construction eyes spring 2024 delivery for newest Wayne retail center

Construction is underway on a new ground-up retail center in Wayne that will bring a mix of eateries and services to one of the township’s busiest shopping corridors.

Office
Pagano brokers sale of 13,000 sq. ft. Elmwood Park office building

A labor organization has purchased a 13,000-square-foot office building in Elmwood Park, in a deal arranged by brokers with Pagano Co.

Retail
Printing company takes space at Warren County retail center, KW Commercial Clinton says

A printing and marketing company has signed a long-term lease at a Warren County retail center, in a newly announced deal by KW Commercial Clinton.

Residential & Mixed Use
LeFrak unveils pickleball courts in iconic Newport neighborhood in Jersey City

The fast-growing pickleball craze has arrived in Jersey City’s acclaimed Newport district, where LeFrak has transformed a plaza space into free pop-up courts that are open to the public.