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
Sanzari inks 72,000 sq. ft. renewal in Norwood with therapeutic shoemaker

A shoe manufacturer has signed a nearly 72,000-square-foot lease renewal at a Norwood industrial building owned by Alfred Sanzari Enterprises, the real estate firm announced.

Retail
RIPCO: Retail tenants lease 4,200 sq. ft. at KABR-owned building in Englewood

The KABR Group has signed two new retail deals at a recently upgraded, 43,000-square-foot property in downtown Englewood, according to a leasing team with RIPCO Real Estate.

Industrial
3PL firm buys 37,000 sq. ft. Bergen County warehouse to support growth, BRC says

A third-party logistics firm has acquired a 37,000-square-foot industrial building in Northvale for $7.6 million, brokers with Bussel Realty Corp. announced Monday.

Retail
Vantage Commercial: Philly brunch spot expands to Cherry Hill with new lease

A brunch restaurant has found its first New Jersey location after signing a long-term lease in Cherry Hill, under a deal arranged by Vantage Commercial.

Retail
Newmark Associates closes sale of 2,100 sq. ft. Mendham commercial building

The site of a historic mixed-use building in Mendham’s business district has changed hands, in a newly announced deal by Newmark Associates CRE.

Industrial
Industrial owners pivot to new (and old) strategies amid challenges to development, capital stack

Industrial owners in New Jersey are adapting to a climate of caution in the capital markets, cooling demand from tenants and growing local resistance to large warehouse projects. Some see it as a chance to double down in a market that they feel is still fundamentally sound, despite a slowdown in big-box leasing, as others pivot to different, more conservative approaches.

Residential & Mixed Use
Berkadia: Investor buys 33-unit Newark apartment building for $4.3 million

An investor has purchased a 33-unit apartment building in Newark for $4.3 million, in one of several recent deals by Berkadia’s New Jersey team.

Office
Video surveillance firm expands by 7,000 sq. ft. at Sanzari’s Glenpointe campus in Teaneck

A video surveillance company is expanding in Teaneck after leasing more than 7,000 square feet of additional office space from Alfred Sanzari Enterprises.

Office
Blau & Berg: Real estate firm eyes expansion with new office space in downtown Freehold

A real estate and construction firm is on the move as part of a newly signed lease in downtown Freehold, in a deal arranged by The Blau & Berg Co.

Health Care & Education
Sweeping renovation underway at assisted living, health care campus in Allendale

The team behind a 146,000-square-foot assisted living and health care facility in Allendale has kicked off a multimillion-dollar renovation of the property.