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
KRE Group debuts sweeping in-person fitness program at Jersey City, Bayonne rental buildings

Kushner Real Estate Group has launched a new fitness program for thousands of residents across its eight luxury apartment properties in Jersey City and Bayonne, working with a locally based group of certified trainers to offer dozens of monthly in-person classes.

Industrial
CBRE: Faropoint buys 119,000 sq. ft. light industrial building in Swedesboro for $13 million

Faropoint has acquired a 119,000-square-foot light industrial building in Gloucester County for more than $13 million, brokers with CBRE announced Wednesday.

Industrial
BLP acquires 202,000 sq. ft. Meadowlands warehouse, in Leo Josephs-brokered deal

Bridge Logistics Properties has added to its New Jersey portfolio with its purchase of a 202,000-square-foot warehouse in Bergen County, in a deal arranged by Leo Josephs & Co. Inc.

Industrial
Gold’s Gym operator inks 43,000 sq. ft. renewal in Teterboro, NAI Hanson says

The operator of a Gold’s Gym has renewed its nearly 43,000-square-foot lease at a Teterboro flex property, according to brokers with NAI James E. Hanson.

Retail
Kushner adds seafood restaurant, sunglasses shop to Pier Village retail lineup

Two retail tenants will open their first New Jersey locations after signing leases at Kushner’s mixed-use Pier Village property in Long Branch.

Top News
Virtua seeking buyer for 110-acre development site in Burlington County, WCRE says

Virtua Health is seeking a buyer for a 110-acre parcel in the Burlington County township of Westampton, in a newly announced offering by Wolf Commercial Real Estate.

Professional Services
Tokarski Millemann to spearhead redesign of popular Italian restaurant in Belmar

The owners of a popular Jersey Shore restaurant have tapped Tokarski Millemann Architects to spearhead a redesign and expansion of the space.

Office
Marcus inks $13 million sale of 28,000 sq. ft. office, retail property in downtown Red Bank

An investment group has sold a mixed-use building in downtown Red Bank for $12.75 million, or more than $450 per square foot, in a deal arranged by Marcus & Millichap.

Office
Sanzari touts lease expansion at Glenpointe by waste collection, recycling firm

A waste collection and recycling firm has expanded at the Glenpointe campus in Teaneck, where it now leases nearly 18,000 square feet from Alfred Sanzari Enterprises.

Retail
Alfalfa opens new 1,200 sq. ft. eatery in Jersey City, following build-out by GTL Construction

GTL Construction has completed the interior fit-out for a new Alfalfa restaurant in downtown Jersey City, its latest project in the food service industry.