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: 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.

Office
State Farm office takes 1,800 sq. ft. in move to Rochelle Park, NAI Hanson says

The operator of a State Farm agency is moving to Rochelle Park after taking nearly 2,000 square feet of office space in the township, brokers with NAI James E. Hanson announced.

Finance & Capital Markets
JLL: Panepinto lands $193 million construction loan for 605-unit Journal Square tower

Panepinto Properties has secured a $193 million construction loan for a planned 605-unit luxury apartment tower in Jersey City’s booming Journal Square neighborhood.