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.

Government & Public Policy
City agency OKs pact to bring 471,000 sq. ft. warehouse, open space to key Perth Amboy site

A large piece of Perth Amboy’s waterfront is slated to become more than 470,000 square feet of modern warehouse space, recreation space and pad-ready development sites near the city’s downtown, under a plan to clean up and revitalize the long-vacant industrial parcel.

Industrial
Sitex Group acquires 640,000 sq. ft. Zuckerberg’s Industrial Park in Saddle Brook

Sitex Group has acquired a 50-building, 640,000-square-foot industrial park in Saddle Brook, marking the first sale of the campus since its development began nearly a century ago.

Finance & Capital Markets
Wilentz attorney Erhardt-Wojie joins Amboy Bank board of directors

A veteran attorney in the banking and real estate space has joined Amboy Bank’s board of directors, the Old Bridge-based lender announced.

Retail
Onyx launches online ordering at The Junction at Gateway Center

Onyx Equities has launched online ordering at The Junction at Gateway Center, the new 100,000-square-foot dining corridor inside the downtown Newark office complex.

Office
Insurer, physical therapy practice buy Holmdel office condos, Sheldon Gross says

Two office condominium units in Holmdel have changed hands for a combined $925,000, in a set of deals arranged by Sheldon Gross Realty.

Industrial
BRC: Auto export firm expands to Baltimore, leases 2.7-acre industrial property

An automobile exporter has leased a 2.7-acre industrial property near the Port of Baltimore, in a newly announced deal by Bussel Realty Corp.

Top News
Ferber eyes 1.9 million sq. ft. industrial park, retail space at ex-Burlington Center Mall site

A real estate firm has unveiled its plans for a three-building, 1.9 million-square-foot industrial park and 30 acres of retail space at the former site of the long-vacant Burlington Center Mall.

Industrial
CBRE: Global Courier Express takes 160,000 sq. ft. at Kearny Point

A shipping and logistics company has leased more than 160,000 square feet across two buildings at Hugo Neu’s Kearny Point Industrial Park, brokers with CBRE announced Friday.

Residential & Mixed Use
Cervelli brokers sale of 17-unit Passaic apartment building

A private investor has purchased a 17-unit apartment building in Passaic, in an off-market deal by Cervelli Real Estate & Property Management.

Office
HVAC contractor signs 2,900 sq. ft. renewal for Hackensack headquarters, C&W says

An HVAC contractor has renewed its nearly 3,000-square-foot lease at a Hackensack office building, according to brokers with Cushman & Wakefield.