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
Investor buys 46-unit Cranford apartment complex for $14.7 million, Hudson Atlantic says

Hudson Atlantic Realty has brokered the trade of a 46-unit garden apartment complex in Cranford, achieving a price of more than $318,000 per unit for the 1940s property.

Residential & Mixed Use
Gebroe-Hammer inks $5.4 million sale of 33-unit Passaic apartment building

A private investor has acquired a 33-unit apartment building in Passaic for $5.35 million, in a newly announced transaction by Gebroe-Hammer Associates.

Finance & Capital Markets
Newark, Irvington apartment owner refis for $39 million, Greystone says

The owner of a 287-unit apartment portfolio in Essex County has refinanced for more than $39 million, Greystone said, securing the debt under Freddie Mac’s Small Balance Loans program.

Industrial
Used clothing supplier takes 115,000 sq. ft. at new Hamilton industrial property

A used clothing wholesaler has signed a full-building lease for nearly 115,000 square feet of new industrial space in Hamilton, in a deal arranged by Corporate America Realty & Advisors.

Residential & Mixed Use
KRE, National break ground on 360-unit apartment tower in key Philadelphia district

Construction is underway on a new apartment tower that marks Kushner Real Estate Group’s entrance to Philadelphia, with plans to connect two well-known neighborhoods in the city.

Industrial
Woodmont acquires 30,000 sq. ft. Lyndhurst industrial building

Woodmont Industrial Partners has added to its holdings with the purchase of a 30,000-square-foot warehouse and distribution facility in Lyndhurst.

Retail
Salt Life, Strand Salon among newest tenants at Kushner’s Pier Village in Long Branch

Three new retailers are coming to Pier Village in Long Branch after combining to lease more than 10,000 square feet at the oceanfront resort property.

Industrial
Cabinet wholesaler takes 15,000 sq. ft. at Linden industrial building, BRC says

A cabinet wholesaler has signed a full-building lease for nearly 15,000 square feet of industrial space in Linden, according to brokers with Bussel Realty Corp.

Industrial
Fennelly inks sale of two-building, 14,000 sq. ft. industrial portfolio in Ewing to tenant

A tenant at two Mercer County industrial buildings has purchased both properties for a combined $1.53 million, brokerage firm NAI Fennelly announced Tuesday.

Residential & Mixed Use
NAI Hanson: Vernon senior housing plan moves forward after sale of development parcels

A developer has acquired several parcels in Sussex County with approvals in place to build a new 55-unit senior housing community, in a deal arranged by NAI James E. Hanson.