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
BPU adopts permanent community solar program after successful pilot period

A state pilot program that has brought solar panels and new revenue to dozens of New Jersey industrial buildings is now permanent after a recent vote by utility regulators.

Office
Stifel takes 51,000 sq. ft. near Morristown, in planned move from Florham Park

Financial services firm Stifel has leased nearly 51,000 square feet of office space in Morris Township, paving the way for it to move its regional branch in New Jersey.

Retail
NAI Hanson: Buyer wanted for 133,000 sq. ft. Riverdale retail property with BJ’s, Staples

A highway retail property that’s leased to BJ’s Wholesale Club and Staples is on the market for sale in Riverdale, brokers with NAI James E. Hanson announced Wednesday.

Industrial
Growing cloud, data backup provider takes 11,000 sq. ft. in Lincoln Park, Equity says

A cloud computing and data backup firm has leased 11,000 square feet of flex space in Lincoln Park, in a newly announced deal by Equity Real Estate Brokerage LLC.

Residential & Mixed Use
Four-unit Riverside apartment building trades in estate sale brokered by Vantage Commercial

A four-unit multifamily property in Burlington County has changed hands as part of a newly completed estate sale, according to a brokerage team with Vantage Commercial.

Residential & Mixed Use
FirstService named property manager for East Brunswick condo complex

The owners of a 184-unit condominium complex in East Brunswick have tapped FirstService Residential to manage the property.

Industrial
Ridgecut, Brennan Investment buy Sayreville industrial property for $23 million

A joint venture has acquired a truck facility and industrial outdoor storage property in Sayreville for more than $23 million, in a deal arranged by Kassin Sabbagh Realty.

Industrial
Site of 200,000 sq. ft. Sealed Air facility in Saddle Brook on the market for sale, JLL says

The owner of a single-tenant, 200,000-square-foot industrial building along Interstate 80 in Saddle Brook is seeking a buyer for the property, according to brokers with JLL.

Finance & Capital Markets
W&D: PRC refinances new 162-unit Bayonne rental property for $36 million

The PRC Group has snagged $36 million in financing for a new 162-unit luxury apartment complex in Bayonne, in a deal arranged by Walker & Dunlop.

Residential & Mixed Use
Fennelly named broker for residential development sites in Hamilton, South Brunswick

A development site with approvals for 166 new apartments is on the market for sale in Hamilton, in one of two newly announced offerings by Fennelly Associates.