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
Sanzari leases 11,000 sq. ft. in South Hackensack to restaurant supply store

A restaurant supply business has found a new home in South Hackensack after agreeing to lease more than 11,000 square feet of commercial space from Alfred Sanzari Enterprises.

Office
Davis & Associates sells 21,000 sq. ft. Marlton office building, WCRE says

An investment firm has acquired a more than 21,000-square-foot office building in the Marlton section of Evesham Township, in a newly announced deal by Wolf Commercial Real Estate.

Industrial
Global metal supplier inks 85,000 sq. ft. renewal at Parsippany industrial building

A metal service center and distribution network in Parsippany has signed a lease renewal for more than 85,000 square feet, brokers with CBRE announced Tuesday.

Industrial
New 236,000 sq. ft. logistics campus in Somerset lands two tenants, CBRE says

CBRE Investment Management has filled nearly 236,000 square feet of new industrial space in the Somerset section of Franklin, securing two tenants after recently acquiring the complex.

Finance & Capital Markets
Cronheim: Buyer scores $28 million loan for 120-unit rental property near Hackettstown

The new owner of a 120-unit luxury apartment complex in Warren County has secured nearly $28 million in acquisition financing, in a deal arranged by Cronheim Mortgage.

Industrial
PNK Group adds another South Jersey development site, eyeing 270,000 sq. ft. warehouse

Industrial developer PNK Group has acquired more than 53 acres in Camden County, with plans to build some 270,000 square feet of logistics space as part of its growing footprint in the state.

Residential & Mixed Use
Ocean County mobile home park trades for $2.3 million, Kislak says

An investor has acquired a mobile home community in the Ocean County township of Manchester for $2.3 million, in a newly announced deal by The Kislak Co. Inc.

Residential & Mixed Use
Cervelli lists 20-unit apartment building in West New York

A four-story, 20-unit apartment building in West New York is on the market for sale, in a newly announced offering by Cervelli Real Estate and Property Management.

Retail
Planned Parenthood of Metropolitan New Jersey takes 6,000 sq. ft. in Passaic retail deal

A new Planned Parenthood is opening in Passaic as part of a 6,000-square-foot lease at a sprawling commercial property, according to a brokerage team with CBRE.

Residential & Mixed Use
First phase of long-awaited ‘Power Station’ project breaks ground in Allenhurst

A developer has broken ground in the Monmouth County borough of Allenhurst, where it plans to bring new housing and commercial space to the site of a vacant JCP&L facility downtown.