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
Operator buys Route 17 restaurant site in Ramsey, Goldstein Group says

A restaurant group has purchased a nearly 15,000-square-foot property on Route 17 in Ramsey, in a newly announced deal by The Goldstein Group.

Professional Services
Three NAI Hanson brokers honored by Meadowlands Chamber as Emerging Leaders

The Meadowlands Chamber has recognized three brokers with NAI James E. Hanson as part of its recent Emerging Leaders program, the real estate services firm announced.

Industrial
Progress Realty, Commerce Park investors buy 143,000 sq. ft. Pennsylvania flex portfolio

Two New Jersey-based firms have partnered to acquire a 10-building, 143,000-square-foot industrial flex portfolio in Central Pennsylvania, in a deal valued at nearly $12 million.

Finance & Capital Markets
Kennedy Funding lends $1 million for single-family housing development in Delaware

Kennedy Funding has closed a $1 million bridge loan for a single-family residential development in southern Delaware, the Englewood Cliffs-based firm announced Monday.

Events
VIDEO: The Newark Redevelopment Update

Watch the full presentation from our June 7 seminar, where the developers and insiders behind Newark’s most important commercial real estate projects debated the long-held opportunities and challenges in New Jersey’s largest city.

Industrial
Logistics firm takes 158,000 sq. ft. in Edison, Edgewater deals arranged by NAI Mertz

A third-party logistics firm has signed two leases totaling nearly 158,000 square feet across industrial buildings in Middlesex and Bergen counties, in a set of deals arranged by NAI Mertz.

Government & Public Policy
Perth Amboy names new areas in need of redevelopment to spark investment

A large stretch of downtown Perth Amboy is now an area in need of redevelopment under state law — as are several other sections of the city — allowing local officials to offer tax incentives, condemn blighted properties and take other steps to help revitalize the properties.

Retail
Bergenfield shopping center leased up after three newest deals, RIPCO says

Three new tenants have leased space at a Bergenfield shopping center to bring the nearly 72,000-square-foot property to full occupancy, brokers with RIPCO Real Estate announced.

Industrial
WCRE inks sale of 54,000 sq. ft Camden County industrial building

A trust has sold a nearly 55,000-square-foot industrial building in the Camden County township of Winslow, under a recent deal by Wolf Commercial Real Estate.

Industrial
HRP inks 80,000 sq. ft. lease for first deal at new Jersey City logistics park

Hilco Redevelopment Partners has secured its first tenant at a new industrial park in Jersey City, inking an 80,000-square-foot lease with a global logistics firm.