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
Food and beverage leases, building sale among latest New Jersey retail deals by NAIDB

A cookie shop has found its first New Jersey location after taking space at a Hamilton shopping center, in one of three newly announced retail deals by NAI DiLeo-Bram & Co.

Residential & Mixed Use
Six-unit Jersey City rental building trades for $1.025 million, Cervelli says

A private investor has purchased a six-unit apartment building in Jersey City for $1.025 million, according to a brokerage team with Cervelli Real Estate & Property Management.

Residential & Mixed Use
Panepinto closes deal for Harborside parcels in Jersey City, advancing long-awaited plan for 1,257-unit development

Veris Residential Inc. has sold a Jersey City development site to Panepinto Properties for $75 million, in a deal arranged by Cushman & Wakefield, marking a key step in a plan to develop two high-rises with a combined 1,257 apartments and new amenities for the area.

Finance & Capital Markets
CBRE: Owner of 320,000 sq. ft. Short Hills office campus refis for $58 million

Columbia Pacific Advisors has closed on $58 million in financing for a two-building, 320,000-square-foot office campus in the Short Hills section of Millburn.

Retail
Car wash, fitness concept ink leases at Gloucester County center, Goldstein Group says

The owner of a Gloucester County shopping center has filled two spaces with the additions of a car wash and a community-focused gym franchise, brokers with The Goldstein Group said.

Residential & Mixed Use
Inspired breaks ground on new luxury condos along Asbury Park coastline

Construction is underway on a project that will bring 112 condominiums to Asbury Park as one of the newest infusions of high-end housing along the city’s iconic shoreline.

Retail
Rivani sells 168,000 sq. ft. net-leased retail portfolio in Mount Olive for $28 million

Investment firm Rivani has sold a nearly 168,000-square-foot portfolio of net-leased retail properties in Mount Olive for $27.9 million, according to brokers with JLL.

Finance & Capital Markets
CBRE: Investor snags $36 million permanent loan after buying new Belleville rental property

The new owner of a 158-unit luxury apartment building in Belleville has closed on $35.5 million in permanent financing for the asset, brokers with CBRE announced Monday.

Office
Cybersecurity firm takes 12,000 sq. ft. at SJP’s Waterfront Corporate Center in Hoboken

A cybersecurity firm is coming to SJP Properties’ Waterfront Corporate Center in Hoboken, having leased more than 12,000 square feet in a deal arranged by Cushman & Wakefield.

Residential & Mixed Use
Kislak: Renovated 10-unit rental property in Asbury Park fetches $2.3 million

A private investor has purchased a 10-unit apartment building in Asbury Park for $2.3 million, brokers with The Kislak Co. Inc. announced Monday.