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.

Residential & Mixed Use
Veris to be acquired by Affinius Capital-led group in $3.4 billion all-cash deal

An investor group led by Affinius Capital is acquiring Veris Residential Inc., in a $3.4 billion deal that will take the company private after its high-profile, multiyear pivot from the iconic former Mack-Cali Realty Corp.

Government & Public Policy
ICE buys vacant 470,000 sq. ft. warehouse in Roxbury, intensifying battle over planned detention center

U.S. Immigration and Customs Enforcement reportedly has closed on a 470,000-square-foot warehouse in Roxbury that it plans to use as a detention center, completing a long-rumored deal that has sparked intense backlash in recent weeks and confusion in recent days.

Industrial
Woodmont sells new 54,000 sq. ft. warehouse in Woodbridge to Sagard Real Estate

Woodmont Industrial Partners has sold more than 54,000 square feet of newly built industrial space in Woodbridge to Sagard Real Estate, in a deal arranged by Newmark.

Finance & Capital Markets
CBRE: Ridgecut Road snags acquisition loan for Kenilworth industrial outdoor storage site

Ridgecut Road has secured acquisition financing for a roughly two-acre industrial outdoor storage property in Kenilworth, according to a debt placement team with CBRE.

Deals
Sheldon Gross: Boxing gym leases new 10,000 sq. ft. location in Belleville

A boxing-inspired gym has found a home in Belleville with a newly completed lease for nearly 10,000 square feet, according to a brokerage team with Sheldon Gross Realty.

Health Care
Mental health provider takes 1,100 sq. ft. in western Morris County, NAI Hanson says

A mental health practice has leased 1,100 square feet at an office building in western Morris County, in a transaction arranged by NAI James E. Hanson.

Residential & Mixed Use
First residents arrive at new Walters affordable housing property in Burlington County

Walters is welcoming residents to its latest project in New Jersey, a new 72-unit affordable rental community in Burlington County’s Hainesport Township.

Industrial
Prologis welcomes global food ingredients supplier to new 574,000 sq. ft. South Jersey facility

Prologis Inc. has filled some 574,000 square feet of new logistics space in Gloucester County, now a key distribution center for a global supplier of cocoa, coffee, dairy, nuts and spices.

Residential & Mixed Use
New 97-unit luxury rental building in West New York on the market for sale, CBRE says

The developer of a new 97-unit luxury apartment building in West New York is seeking a buyer for the property, in a newly announced offering by CBRE.

Retail
L+M, Pierson Commercial lease up retail space at iconic Hahne & Co. project in Newark

Pierson Commercial has completed the lease-up of nearly 30,000 square feet of retail space at Hahne & Co., the landmark project in downtown Newark by L+M Development Partners.