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.

Office
HVAC company buys 4,200 sq. ft. Sussex County office building, NAI Hanson says

An HVAC company has found a new home in Sussex County after acquiring an office building less than a mile from Route 94, in a deal arranged by NAI James E. Hanson.

Retail
Growing hockey equipment chain opens in Kenilworth after backfilling 11,000 sq. ft.

A specialty hockey retailer has opened its doors in Kenilworth after leasing more than 11,000 square feet on Route 22, in a newly announced deal by The Goldstein Group.

Finance & Capital Markets
Veris Residential inks $340 million refi of 750-unit Jersey City rental tower, reports say

Veris Residential Inc. has landed a $340 million Freddie Mac loan for its recently completed, 750-unit apartment tower in downtown Jersey City, according to published reports.

Top News
Kaplan ramps up commercial unit with projects in self-storage, modern retail

Kaplan Cos. is stepping up the expansion of its commercial division, with a focus on new self-storage development and efforts to reposition retail assets to meet changing consumer needs.

Retail
Somerset shopping center adds Indian restaurant in 2,500 sq. ft. deal by Bussel Realty Corp.

An Indian restaurant has leased more than 2,500 square feet at a retail center in Franklin’s Somerset section, in a newly announced deal by Bussel Realty Corp.

Retail
LMC inks 1,400 sq. ft. deal with spa business, adding to Long Island retail center

A spa and wellness center has taken 1,400 square feet at a Long Island retail property, in a newly announced deal by North Plainfield-based Levin Management Corp.

Industrial
Prologis boosting curb appeal of Meadowlands properties with multimillion-dollar façade project

Prologis Inc. has embarked on a major refresh of its Meadowlands industrial portfolio, seeking to enhance its presence and the appeal of its buildings in one of the region’s key submarkets.

Top News
NAIDB: Middlesex, Union counties stand out as rising rates weigh on N.J. investment sales

Middlesex and Union counties emerged as key focal points for commercial real estate investors in the first half of 2023, accounting for some $700 million in sales through midyear.

Finance & Capital Markets
Capital One closes $200 million debt package for 1,300-unit portfolio in New Jersey, New York

Capital One has provided $200 million in financing in connection with four apartment properties spanning more than 1,300 units in New Jersey and New York, the lender announced.

Residential & Mixed Use
Investor sells 18 apartments, two retail spaces in Elizabeth portfolio deal, Kislak says

A private investor has purchased a combined 18 apartments and two retail spaces in Elizabeth for more than $4 million, in a newly announced deal by The Kislak Co. Inc.