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.

Industrial
Manufacturer eyes expansion in Carteret, as mayor hosts company leaders from South Korea

A global cosmetics maker is expanding its operations in Carteret as part of a plan to overhaul its 139,000-square-foot plant just west of the New Jersey Turnpike.

Finance & Capital Markets
Park Stone, Fields Grade ink $37 million refi of new 99-unit Journal Square rental building

The developers of a new 99-unit luxury apartment building in Jersey City’s fast-growing Journal Square neighborhood have refinanced the property for $37 million.

Retail
Experts: Big-box retail leasing still strong despite years of chain bankruptcies, store closings

Even with the fall of Toys R Us, Sears and other chains — and recent trouble for the likes of Party City and Bed Bath & Beyond — big-box retail is alive and well in New Jersey.

Office
Bell Works details 74,000 sq. ft. in new office leases, renewals as campus nears full occupancy

The distinctive Bell Works campus in Holmdel is now 95 percent leased after a series of new leases and renewals totaling nearly 75,000 square feet of office space.

Residential & Mixed Use
North Bergen condo developer touts $2 million penthouse sale among eight new closings

A new luxury condominium building in North Bergen is now more than 35 percent sold after a flurry of recent activity, including the $2 million sale of a three-bedroom penthouse.

Health Care & Education
Bergman, pediatric therapy practice ink 13,000 sq. ft. lease in Fairfield, NAI Hanson says

Bergman Real Estate Group has leased nearly 13,000 square feet in Fairfield to a growing pediatric therapy practice in the region, according to a broker with NAI James E. Hanson.

Retail
Lee & Associates: Fairview shopping center fully leased after deal with Mexican eatery

A new restaurant has opened its doors in Fairview after taking more than 1,700 square feet at a neighborhood shopping center, in a deal arranged by Lee & Associates New Jersey.

Residential & Mixed Use
Investor buys 80-unit Bergen County apartment complex for $20 million, Gebroe-Hammer says

The longtime owner of an 80-unit garden apartment complex in Bergen County has sold the property for nearly $20 million, according to brokers with Gebroe-Hammer Associates.

Office
Autism service provider takes 4,800 sq. ft. in downtown Chatham, NAI Hanson says

An autism service provider has leased nearly 5,000 square feet of medical office space in Chatham, in a newly announced deal by NAI James E. Hanson.

Retail
March Associates taps RIPCO as property manager for 50,000 sq. ft. Wayne retail center

March Associates Construction has hired RIPCO Real Estate to manage its recently built, 50,000-square-foot retail center in Wayne.