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
Vision sells standalone Acme property in Saddle Brook for $16 million, JLL says

Vision Real Estate Partners has sold a nearly 63,000-square-foot grocery store property in Saddle Brook for $16.1 million, brokers with JLL announced Tuesday.

Residential & Mixed Use
C&W: Hampshire sells residential development site in Metropark to Woodmont

The Hampshire Cos. has sold a mixed-use development site in the Metropark section of Woodbridge, in a newly announced deal by Cushman & Wakefield.

Residential & Mixed Use
Denholtz taps multifamily veteran Fenner to oversee growing portfolio

Denholtz Properties has hired Jeff Fenner as director of multifamily to oversee its growing portfolio of apartments across New Jersey and the Southeast.

Residential & Mixed Use
First residents move into new 297-unit luxury rental property in Journal Square, Fantin says

A new 16-story, 297-unit apartment building in Jersey City’s historic Journal Square neighborhood has welcomed its first residents.

Industrial
Terreno, Venture One ink $17.8 million trade of West Caldwell industrial building

Terreno Realty Corp. has sold a 93,000-square-foot industrial building in West Caldwell for $17.8 million, the company announced recently.

Government & Public Policy
Lawmakers pass bill to spur sale, transfer of dormant liquor licenses amid other changes

State lawmakers have approved a bill that could expand the number of available liquor licenses in New Jersey — largely by targeting inactive retail licenses — in a move that would bring key changes but fall short of the broad reforms long sought by many stakeholder groups.

Finance & Capital Markets
Carlstadt warehouse owner lands $49 million in financing, G.S. Wilcox says

The owner of a four-building, 570,000-square-foot industrial portfolio in Carlstadt has secured $49 million in financing, in a newly announced deal by G.S. Wilcox & Co.

Health Care & Education
Cresa: Rothman closes 2023 with 127,000 sq. ft. in Northeast real estate deals

Rothman Orthopaedic Institute has inked a flurry of real estate deals in the region, including two in New Jersey, in a series of year-end transactions arranged by Cresa.

Professional Services
Sordoni promotes Dayton Pierce, construction industry veteran, to project executive

Sordoni Construction Co. has promoted Dayton Pierce to project executive, touting his rise through the industry over more than 15 years.

Industrial
Heller taps JLL for new 674,000 sq. ft. logistics facility at 8A, in a first for storied developer

Heller Industrial Parks has taken the wraps off nearly 675,000 square feet of new industrial space in South Brunswick, having tapped JLL as its first-ever outside leasing team for a project.