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.

Office
Vantage Commercial brokers sale of twin office buildings in Camden County

A two-building, 20,000-square-foot office portfolio has changed hands in Camden County’s Waterford Township, under a deal arranged by Vantage Commercial.

Industrial
Caesarstone takes 35,000 sq. ft. at newly built warehouse in Fairfield, CBRE says

Luxury countertop maker Caesarstone has leased more than 35,000 square feet of newly built industrial space in Fairfield, in a deal arranged by CBRE.

Office
SJP breaks ground on 260,000 sq. ft. Sanofi office building at M Station in Morristown

Construction is set to begin on Sanofi’s new 260,000-square-foot flagship office building in Morristown, under the second phase of a high-profile redevelopment by SJP Properties.

Residential & Mixed Use
C&W: Pomeranc Group buys 465-unit Wayne rental property, inks $98 million acquisition loan

The Pomeranc Group has acquired a 465-unit apartment complex in Wayne, having also secured nearly $98 million in Fannie Mae financing for the deal.

Industrial
Bridge acquires 115,000 sq. ft. industrial service facility in Linden

Bridge Industrial has made another deal under its growing acquisition platform, adding a 115,000-square-foot service facility in Linden.

Residential & Mixed Use
AvalonBay marks debut of 374-unit Somerville apartment community

AvalonBay Communities has unveiled its new 374-unit luxury apartment property in Somerville, where it’s anchoring a master-planned project adjacent to the borough’s train station.

Residential & Mixed Use
Gebroe-Hammer inks sale of 53 apartments in Passaic, Paterson in deals totaling $9.8 million

An investor has purchased a 23-unit apartment building in Passaic for $4.5 million, in the largest of three newly announced deals in the region by Gebroe-Hammer Associates.

Retail
JLL: Five retailers take 11,000 sq. ft. in Westfield, as remote workers boost foot traffic

A stretch of downtown Westfield is seeing a spike in retail leasing amid increased traffic from remote workers in the bedroom community, according to brokers with JLL.

Government & Public Policy
RPM lands $29 million Aspire tax credit for redevelopment of historic Trenton property

A plan to bring 120 new apartments to a historic property in Trenton is moving ahead with the help of more than $29 million in tax credits under the state’s Aspire program.

Residential & Mixed Use
Tulfra tops out 160-unit rental project in Rochelle Park, eyes spring 2024 delivery

Tulfra Real Estate is planning a spring 2024 delivery of a new 160-unit luxury apartment complex in Rochelle Park, where it recently completed vertical construction.