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
Route 22 retail property trades for $2.5 million, BRC says

A freestanding, 20,000-square-foot retail property in Somerset County has changed hands for $2.5 million, under a newly announced transaction by Bussel Realty Corp.

Industrial
Marcus Partners adds CRE executive to help grow industrial holdings

Investment and development firm Marcus Partners has added a veteran industry executive as part of its plan to grow its industrial platform in the region.

Professional Services
Dresdner Robin makes three new hires for Jersey City-based team

Land use consultancy Dresdner Robin has announced three new hires for its growing team of engineering, environmental services and landscape architecture professionals.

Industrial
Stro, beach bag maker ink 19,000 sq. ft. lease in Lodi

The Stro Cos. has signed a new 19,000-square-foot industrial and retail lease in Lodi with a maker of beach bags and accessories, the real estate firm announced Wednesday.

Office
EDA: Party City would lease 209,000 sq. ft. in Woodcliff Lake with help of Emerge incentive

State officials have approved a nearly $10 million tax credit that would pave the way for Party City Holdings Inc. to lease more than 200,000 square feet of office space in Woodcliff Lake.

Residential & Mixed Use
Jersey City: Newly opened micro-apartment building hits the market for sale

A developer is seeking a buyer for a newly completed, 122-unit collection of so-called micro-apartments in Jersey City, in an offering by JLL’s New Jersey capital markets team.

Deals
Piscataway: Boniakowski brokers sale of 10,000 sq. ft. flex building

An investor has acquired the site of a 10,000-square-foot flex building in Piscataway, according to brokers with The Boniakowski Commercial Real Estate Group.

Residential & Mixed Use
Vango set to begin 60-unit second phase of Rutherford multifamily complex

A developer is set to expand its footprint in Rutherford after securing approvals for a new 60-unit luxury apartment building alongside a recently completed property in the downtown.

Retail
Sanzari, physical therapy chain ink 4,200 sq. ft. lease in Hackensack

Alfred Sanzari Enterprises is set to welcome a growing physical therapy chain to a grocery-anchored shopping center in Hackensack, the commercial real estate firm announced.

Professional Services
FirstService executive promoted to vice president of sales for east region

FirstService Residential has named a new vice president of sales for its east region.