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
NAI Hanson brokers sale of 3,500 sq. ft. auto repair center in Hackensack

A private investor has acquired a 3,500-square-foot full-service auto repair facility in Hackensack, brokers with NAI James E. Hanson announced last week.

Industrial
Cervenka secures site plan approval, eyes Q4 delivery of 120,000 sq. ft. warehouse in Denville

Local officials in Denville have cleared the way for Cervenka Development Partners to build nearly 120,000 square feet of new high-end industrial space at a site just off Interstate 80.

Residential & Mixed Use
Tredway, L+M affiliate acquire Camden affordable housing tower, eyeing major renovation

An investment group has closed on $68 million in financing to acquire and modernize a 225-unit affordable housing property near the Camden waterfront.

Residential & Mixed Use
‘The Delford’ opens in Rochelle Park, having already hit key leasing milestone

Tulfra Real Estate has opened the doors to its new upscale apartment building in Rochelle Park, where renters have already snapped up 50 percent of the property’s 160 units.

Finance & Capital Markets
Cronheim: Owner of East Windsor, Garwood shopping centers lands $17.5 million in financing

The owner of two shopping centers in Mercer and Union counties has secured $17.5 million in financing for the grocery-anchored properties, brokers with Cronheim Mortgage announced.

Retail
Prism inks leases with Club Pilates, JAG Physical Therapy at Rutherford retail space

Prism Capital Partners has announced two new leases that will bring health and wellness tenants to a mixed-use building in Rutherford.

Residential & Mixed Use
Hoboken parcel fetches $7.5 million in latest deal involving ex-NRIA portfolio, CBRE says

AIRN Management has sold a multifamily development site in Hoboken for $7.5 million, in the latest deal involving the former holdings of National Realty Investment Advisors LLC.

Professional Services
Rock Brook unveils new logo, brand identity to mark 20-year milestone

Rock Brook is sporting a new look as the well-known consulting engineering firm marks a key milestone in its business.

Office
Sanzari, Bertone Piccini sign 12,000 sq. ft. renewal at Heights Plaza

Alfred Sanzari Enterprises has signed a lease renewal with Bertone Piccini LLP, a longtime tenant at its Heights Plaza property at the junction of Route 17 and Interstate 80.

Residential & Mixed Use
DMR touts debut of 81-unit rental building at major Whippany redevelopment site

Leasing is underway at a new 81-unit luxury apartment building in the Whippany section of Hanover, part of a sweeping redevelopment project designed by DMR Architects.