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.

Finance & Capital Markets
TD pledges $2 billion to affordable housing, lending programs alongside NJCA, HCDNNJ

TD Bank has pledged $2 billion toward affordable housing, affordable mortgage lending and other investments aimed at supporting lower-income communities in the state, under a partnership announced this week with two influential advocacy groups.

Retail
Piano shop sells 4,000 sq. ft. showroom property in Lawrenceville, Fennelly says

A freestanding showroom and retail property in Mercer County has found a second life after a newly completed deal by Fennelly Associates.

Residential & Mixed Use
Premier Development launches sales at new luxury housing community in Readington

Premier Development has launched sales at a new residential community in Readington, offering a collection of 39 luxury homes with prices starting in the $900,000 range.

Industrial
Prologis adds 126,000 sq. ft. Teterboro industrial building, NAI Hanson says

Prologis Inc. has purchased a nearly 126,000-square-foot industrial building in Teterboro, adding to its vast holdings in Bergen County and northern New Jersey.

Top News
JRM completes buildout of new Paradox Museum at American Dream

A new 11,000-square-foot specialty museum has opened its doors at American Dream in East Rutherford, following a project spearheaded by JRM Construction.

Retail
RIPCO: Paramount Realty buys 79,000 sq. ft. Toms River retail center for $8.75 million

Paramount Realty has added more than 79,000 square feet of retail space after acquiring a multitenant shopping center in Toms River, brokers with RIPCO Real Estate said.

People
Somerville-based dancker names new senior vice president for people, culture

Interior solutions firm dancker has hired a veteran recruiting and human resources professional as its senior vice president for people and culture.

Residential & Mixed Use
Accurate welcomes first renters to new 185-unit Little Falls rental property

Accurate has opened the doors to its new 185-unit upscale apartment property in downtown Little Falls, marking the latest addition to its fast-growing rental portfolio.

Retail
Fort Lee retail center with multifamily zoning on the market for sale, JLL says

The site of a busy shopping center in Fort Lee is on the market for sale, with the potential for redevelopment as a multifamily property at the foot of the George Washington Bridge.

Industrial
Sanzari inks 72,000 sq. ft. renewal in Norwood with therapeutic shoemaker

A shoe manufacturer has signed a nearly 72,000-square-foot lease renewal at a Norwood industrial building owned by Alfred Sanzari Enterprises, the real estate firm announced.