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.

Office
Walters opens 5,000 sq. ft. office in Ocean County for homebuilding, architecture teams

Walters, the Barnegat-based developer, has opened a new 5,000-square-foot office building on Long Beach Island that houses two of its key divisions.

Office
Zimmel: Denholtz sells 122,000 sq. ft. Edison office park in $50 million deal

Denholtz Properties has sold a 12-building, 122,000-square-foot office complex at the edge of Edison’s Raritan Center for nearly $50 million, in a deal arranged by Zimmel Associates.

Residential & Mixed Use
Accurate targets fall debut for 147-unit rental property in downtown Emerson

Accurate has all but completed a new 147-unit luxury apartment building in the Bergen County borough of Emerson, in the latest addition to its fast-growing residential portfolio.

Retail
Fitness, wellness tenants take 6,800 sq. ft. at Edgewater shopping center, RIPCO says

Four new tenants are coming to an Edgewater shopping center after a series of leases totaling nearly 6,800 square feet, brokers with RIPCO Real Estate announced Thursday.

Residential & Mixed Use
Investor adds 60-unit Hudson County apartment portfolio for $10 million, Kislak says

A private investor has acquired 60 units in northern Hudson County for a combined $10 million, in a pair of newly announced transactions by The Kislak Co. Inc.

Cover Story
Kennedy details top policy, organizational goals after taking over as NAIOP New Jersey CEO

Dan Kennedy is now at the helm of NAIOP New Jersey after taking over as CEO on Aug. 1, with plans to tackle a host of key public policy issues and visions of bolstering what is already one of the commercial real estate association’s strongest and most-respected local chapters.

Top News
Buyer wanted for nine-acre, commercially zoned site in Hunterdon, Lee & Associates says

The owner of a nine-acre development site in Clinton is seeking a buyer for the Route 22 property, brokers with Lee & Associates New Jersey announced Wednesday.

Residential & Mixed Use
Procida taps Coldwell Banker, Kamson for Cherry Hill residential project

Developer and investor Billy Procida has assembled a new team for a luxury residential community in Cherry Hill, as it prepares to bring another 283 units to the site.

Industrial
Sheldon Gross: Electrical contractor association takes 5,000 sq. ft. in Somerset

The New Jersey Independent Electrical Contractor Association has leased 5,000 square feet of commercial space in Franklin’s Somerset section, in a deal arranged by Sheldon Gross Realty.

Industrial
BRC inks sale of 10,000 sq. ft. Roselle industrial building to commercial printer

A commercial printer has acquired a more than 10,000-square-foot industrial building in Roselle, in a newly announced transaction by Bussel Realty Corp.