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.

Retail
RIPCO: Retail tenants lease 4,200 sq. ft. at KABR-owned building in Englewood

The KABR Group has signed two new retail deals at a recently upgraded, 43,000-square-foot property in downtown Englewood, according to a leasing team with RIPCO Real Estate.

Industrial
3PL firm buys 37,000 sq. ft. Bergen County warehouse to support growth, BRC says

A third-party logistics firm has acquired a 37,000-square-foot industrial building in Northvale for $7.6 million, brokers with Bussel Realty Corp. announced Monday.

Retail
Vantage Commercial: Philly brunch spot expands to Cherry Hill with new lease

A brunch restaurant has found its first New Jersey location after signing a long-term lease in Cherry Hill, under a deal arranged by Vantage Commercial.

Retail
Newmark Associates closes sale of 2,100 sq. ft. Mendham commercial building

The site of a historic mixed-use building in Mendham’s business district has changed hands, in a newly announced deal by Newmark Associates CRE.

Industrial
Industrial owners pivot to new (and old) strategies amid challenges to development, capital stack

Industrial owners in New Jersey are adapting to a climate of caution in the capital markets, cooling demand from tenants and growing local resistance to large warehouse projects. Some see it as a chance to double down in a market that they feel is still fundamentally sound, despite a slowdown in big-box leasing, as others pivot to different, more conservative approaches.

Residential & Mixed Use
Berkadia: Investor buys 33-unit Newark apartment building for $4.3 million

An investor has purchased a 33-unit apartment building in Newark for $4.3 million, in one of several recent deals by Berkadia’s New Jersey team.

Office
Video surveillance firm expands by 7,000 sq. ft. at Sanzari’s Glenpointe campus in Teaneck

A video surveillance company is expanding in Teaneck after leasing more than 7,000 square feet of additional office space from Alfred Sanzari Enterprises.

Office
Blau & Berg: Real estate firm eyes expansion with new office space in downtown Freehold

A real estate and construction firm is on the move as part of a newly signed lease in downtown Freehold, in a deal arranged by The Blau & Berg Co.

Health Care & Education
Sweeping renovation underway at assisted living, health care campus in Allendale

The team behind a 146,000-square-foot assisted living and health care facility in Allendale has kicked off a multimillion-dollar renovation of the property.

Residential & Mixed Use
LeFrak lands planning board approval for two-tower, 322-unit rental project in Jersey City

LeFrak has secured a key approval to build another 322 apartments in Jersey City, joining a growing list of developers in an area just south of Hoboken and west of the Holland Tunnel.