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
March Construction breaks ground on Toms River retail center, with Brunelli as leasing agent

March Construction has broken ground on a new 12,600-square-foot retail center at 1882 Hooper Ave. in Toms River — Courtesy: March Construction/R.J. Brunelli & Co. LLC

Government & Public Policy
Developer secures final approval for 500,000 sq. ft. mixed-use project in Hoboken, Jersey City

Local officials have cleared the way for a developer to break ground on what will be 500,000 square feet of new commercial and residential space at the border of Hoboken and Jersey City.

Residential & Mixed Use
Kislak: Linden apartments trade for $21 million, marking first sale in 75 years

The developer of a 120-unit apartment complex in Linden has sold the property after nearly 75 years, in a newly announced transaction by The Kislak Co. Inc.

Industrial
Colliers inks sale of 23,000 sq. ft. warehouse in Burlington County

A joint venture has purchased a nearly 23,000-square-foot warehouse in Moorestown, under a transaction arranged by Colliers International.

Office
Fiserv to open 400,000 sq. ft. fintech hub in Berkeley Heights, with $109 million incentive

Fiserv Inc. has announced plans to lease more than 400,000 square feet for a new financial technology hub in Berkeley Heights, following the state’s approval of a seven-year, $109 million tax credit to encourage it to bring nearly 2,000 jobs to New Jersey.

Industrial
Port industrial building in Elizabeth trades for $35 million

A fully leased, 240,000-square-foot industrial building near Port Newark-Elizabeth has changed hands for nearly $35 million, brokers with Cushman & Wakefield announced.

Residential & Mixed Use
Developers sell new East Rutherford apartments for $11.6 million, Gebroe-Hammer says

The developers of a new 35-unit luxury apartment building in East Rutherford have sold the property for $11.6 million, in a transaction arranged by Gebroe-Hammer Associates.

Industrial
Peak Construction details 133,000 sq. ft. industrial project in Millstone

A developer is bringing more than 130,000 square feet of new industrial space to a growing corridor along Route 33 in Monmouth County, according to the project’s contractor.

Office
C&W: Software firm inks 15,000 sq. ft. renewal at Jersey City office tower

A software company is staying in place after renewing its lease at a prominent Jersey City office tower, according to brokers with Cushman & Wakefield.

Office
Sanzari, communications firm sign 6,400 sq. ft. renewal in Hasbrouck Heights

Alfred Sanzari Enterprises has signed a nearly 6,500-square-foot office renewal in Hasbrouck Heights with a media and communications firm, the landlord announced Tuesday.