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.

Residential & Mixed Use
Prism launches leasing at new 252-unit Dunellen rental property

Leasing is underway at Prism Capital Partners’ new 252-unit high-end apartment property in Dunellen, where the firm has brought new life to a former industrial site in the downtown.

Retail
Grid inks flurry of restaurant, retail leases among 16 deals in Hudson County

A new barbecue restaurant is coming to the base of a Jersey City apartment building, under one of several recent Hudson County retail leases by Grid Real Estate.

Retail
Family entertainment center takes 37,000 sq. ft. at Millville retail site, Irgang says

Irgang Group has inked a 36,500-square-foot anchor lease to bring Fun City Adventure Park, a family entertainment concept, to a 393,000-square-foot retail center in Millville.

People
LMC promotes two to vice president roles

Levin Management Corp. has announced two executive promotions, touting its sustained growth and transaction volume across a nearly 16 million-square-foot portfolio.

Residential & Mixed Use
Newark, East Newark portfolio with 20 apartments trades for $3.2 million, Kislak says

A partnership has sold a three-building, 20-unit apartment portfolio in Newark and East Newark for nearly $3.2 million, according to a brokerage team with The Kislak Co. Inc.

Office
PNC inks 26,000 sq. ft. office lease at Overlook Corporate Center, JLL says

PNC Bank has taken more than 26,000 square feet at Overlook Corporate Center in Little Falls, in one of two newly announced leases at the property by JLL.

Residential & Mixed Use
RIPCO: Buyer wanted for new 59-unit Hudson County apartment building

The developer of a new 59-unit luxury apartment building in North Bergen is seeking a buyer for the property, brokers with RIPCO Real Estate announced Wednesday.

Residential & Mixed Use
Preleasing underway at new 44-unit luxury rental property in Hillsborough

Adoni Property Group is set to unveil a new 44-unit luxury apartment property in Hillsborough, according to a leasing and marketing team with Coldwell Banker Realty.

Industrial
Diversified buys 9,000 sq. ft. industrial building in Montville

Diversified Properties has purchased a 9,000-square-foot industrial building in the Towaco section of Montville.

Editor’s Note
Sustained success

As you’ll read in this month’s cover story, the state’s Community Solar Energy Pilot Program has made it both easier and more lucrative for commercial property owners in New Jersey to go green, allowing solar developers to lease their rooftops and sell power to nearby residents. The policy has been critical to the growth of Solar Landscape, a solar developer founded in 2012 that’s been integral to the program’s rollout. Based in Asbury Park, the 10-year-old firm has leased more than 20 million square feet of rooftop space in New Jersey, making it a key player in the commercial real estate market in just a few years.