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
Kislak: Bayonne development site approved for 197 rentals fetches $10 million

A developer has sold a series of parcels in Bayonne where city officials have approved plans for nearly 200 new apartments, in a deal arranged by The Kislak Co. Inc.

Retail
Former restaurant site in Paramus sold to auto repair business, Goldstein Group says

An auto repair business is expanding to Paramus after buying a former restaurant property on Route 4, brokers with The Goldstein Group announced Monday.

Deals
Route 35 development parcel in Sayreville sold, in Blau & Berg-brokered deal

The Blau & Berg Co. has brokered the sale of nearly two-thirds of an acre in Sayreville that it says is now slated for future development.

Residential & Mixed Use
Cervelli tapped as property manager by owners of Weehawken apartments

The owner of nearly 50 apartments in Weehawken has tapped Cervelli Real Estate and Property Management as its agent at the property, in one of two new assignments for the firm.

Health Care & Education
Physical therapy, sports rehab practice plans new 5,000 sq. ft. location in Medford

A physical therapy practice in Burlington County is expanding with its move to a new 5,000-square-foot location slated to open later this year.

Industrial
Mertz: Investor sells Bucks County headquarters, manufacturing site in 1031 deal

An investor has acquired the site of a roughly 25,000-square-foot office and manufacturing facility in Pennsylvania’s Bucks County, in a newly announced deal by NAI Mertz.

Residential & Mixed Use
Skyline wins key approvals for Jersey City project with 420 rentals, community space

A development that would bring 420 new apartments, market-style retail space and a recreation center to Jersey City is moving ahead after securing two key local approvals.

Office
JRM unveils newly delivered, 24,000 sq. ft. headquarters for client in Woodland Park

JRM Construction Management has completed the build-out of a client’s new 24,000-square-foot headquarters space in Woodland Park.

Office
Meal delivery service for seniors buys Westfield commercial building, Sheldon Gross says

A meal delivery business has acquired a 1,500-square-foot commercial building in Westfield for $650,000, in a newly announced deal by Sheldon Gross Realty.

Deals
Kislak inks sale of 4.8-acre development site in Medford

A would-be developer has purchased nearly five acres in Burlington County for $475,000, in a newly announced deal by Kislak Commercial Real Estate Services Inc.