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
AIRN Management hits 80 percent leased mark at new 97-unit West New York rental project

Renters are flocking to a new 97-unit upscale apartment building in West New York after the launch of leasing only three months ago, its developer announced Monday.

Retail
Mediterranean fast-casual chain takes 1,700 sq. ft. at Delran’s Hartford Corners, LMC says

A fast-casual Mediterranean restaurant has leased 1,700 square feet at a grocery-anchored retail center in Delran, in a newly announced deal by Levin Management Corp.

Residential & Mixed Use
Advance hails a signature project in Harrison, adding 399 homes to firm’s Riverbend District

Advance Realty Investors has marked the opening of what it says is its signature multifamily project to date, unveiling nearly 400 new apartments in Harrison as it continues its buildout of a district that will ultimately include thousands of luxury rental units.

Industrial
Silverman adds 41,000 sq. ft. Hillsborough industrial building in $8.3 million sale-leaseback

An affiliate of The Silverman Group has purchased a nearly 41,000-square-foot industrial building in Hillsborough, in a newly announced deal by Cushman & Wakefield.

Professional Services
MSW expands commercial real estate practice with three newly added attorneys

Murphy Schiller & Wilkes LLP has announced the addition of three attorneys to its growing commercial real estate practice.

Industrial
Solar Landscape expands community solar portfolio with newly activated project in Union

Rooftop solar developer Solar Landscape has activated another project in New Jersey, in Union Township, where it will generate clean energy at a discount to more than 260 nearby homes.

Office
Walters opens 5,000 sq. ft. office in Ocean County for homebuilding, architecture teams

Walters, the Barnegat-based developer, has opened a new 5,000-square-foot office building on Long Beach Island that houses two of its key divisions.

Office
Zimmel: Denholtz sells 122,000 sq. ft. Edison office park in $50 million deal

Denholtz Properties has sold a 12-building, 122,000-square-foot office complex at the edge of Edison’s Raritan Center for nearly $50 million, in a deal arranged by Zimmel Associates.

Residential & Mixed Use
Accurate targets fall debut for 147-unit rental property in downtown Emerson

Accurate has all but completed a new 147-unit luxury apartment building in the Bergen County borough of Emerson, in the latest addition to its fast-growing residential portfolio.

Retail
Fitness, wellness tenants take 6,800 sq. ft. at Edgewater shopping center, RIPCO says

Four new tenants are coming to an Edgewater shopping center after a series of leases totaling nearly 6,800 square feet, brokers with RIPCO Real Estate announced Thursday.