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
Marcus closes sale of 11-unit Union City apartment building for $2 million

A private investor has sold an 11-unit apartment building in Union City for $2 million, in a newly announced deal by Marcus & Millichap.

Deals
Linden: Logistics firm signs 50,000 sq. ft. industrial lease in deal by McBride, BRC

A freight forwarding and logistics firm has leased 50,000 square feet at a warehouse just off Route 1&9 in Linden, brokers with McBride Corporate Real Estate announced.

Industrial
Pickleball club leases 20,000 sq. ft. at new Hillsborough industrial building, Zimmel says

An indoor pickleball club has taken 20,000 square feet at a newly completed industrial building in Hillsborough, according to a brokerage team with Zimmel Associates.

Office
Sanzari, fencing solutions firm ink 4,000 sq. ft. office lease in Elmwood Park

Alfred Sanzari Enterprises has welcomed a fencing solutions company to Elmwood Park Plaza, a 68,000-square-foot office building in the Bergen County borough.

Industrial
Deugen sells new 48,000 sq. ft. warehouse in East Rutherford after successful redevelopment

Deugen Development has sold a nearly 48,000-square-foot industrial building in East Rutherford, in the culmination of a redevelopment plan that began less than three years ago.

Residential & Mixed Use
Developer plans two-building, 515-unit rental project at long-vacant site in Jersey City

A developer is eyeing plans to build two new apartment towers with a combined 515 units under a project that would transform more than five acres near Jersey City Medical Center.

Retail
Barnes & Noble takes 14,000 sq. ft. in return to well-known Roxbury site, Goldstein Group says

Barnes & Noble is returning to a familiar retail property in Morris County after signing a lease for nearly 14,000 square feet, brokers with The Goldstein Group announced this week.

Finance & Capital Markets
Vision, Birch Group refi 228,000 sq. ft. Florham Park office building

Vision Properties and The Birch Group have closed on a long-term refinance of a 228,000-square-foot office building in Florham Park, brokers with Cushman & Wakefield announced.

Industrial
Freight forwarder leases Old Bridge industrial site, Sheldon Gross says

A freight-forwarding company has signed a lease in Old Bridge for a nearly 10-acre industrial site with a renovated warehouse space, in a newly announced deal by Sheldon Gross Realty.

Government & Public Policy
Foglio named commissioner with Mercer County Improvement Authority

Longtime developer Christiana Foglio has joined the Mercer County Improvement Authority, marking her latest stint at the agency and her latest post in the public sector.