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
New 242-unit rental building in Harrison tops 90 percent leased

A joint venture has leased more than two-thirds of a new 242-unit luxury apartment building in Harrison, touting the milestone just two months after opening to prospective renters.

Government & Public Policy
Experts say ‘stranded’ office, retail sites can thrive as new-look community hubs

Experts say the way to revive outdated, underutilized commercial properties in New Jersey is to make the sites an essential part of their communities. That can mean increasing the amount of public green space or adding mixed-use elements, among other options aimed at redeveloping so-called stranded assets.  

Office
Real estate manager renews 2,300 sq. ft. lease at Glenpointe campus in Teaneck

A commercial real estate firm has renewed its 2,275-square-foot lease at Alfred Sanzari Enterprises’ flagship Glenpointe campus in Teaneck.

Finance & Capital Markets
JLL inks $13 million refi for Jersey City apartment building

The owner of a 40-unit luxury apartment building in Jersey City has secured $13 million in financing, under a newly announced transaction by JLL.

Residential & Mixed Use
Developer eyes debut of 153-unit apartment building in Union Twp.

A developer has unveiled a collection of more than 150 apartments in Union Township, marking the completion of its first project in northern New Jersey.

Industrial
Key Properties, flavor company ink 12,000 sq. ft. renewal at Meadowlands warehouse

Key Properties has completed a 12,000-square-foot lease renewal at a Carlstadt industrial building, the longtime home of a flavor compound company.

Industrial
South American firm buys 84,000 sq. ft. light manufacturing facility in Mahwah

A foreign investment firm has acquired a light manufacturing facility in Mahwah for $15.6 million, under a newly announced transaction by CBRE.

Retail
New operator coming to former Kings grocery store in Maplewood, Midtown says

A new grocery store is set to open inside a former Kings Food Markets location in Maplewood, following a transaction arranged by Midtown Commercial Realty.

Professional Services
Colliers adds veteran brokers to New Jersey industrial team

Colliers International has bolstered its New Jersey industrial practice with the addition of two veteran brokers.

Retail
Ripco: Fast casual chain seeking 30 new locations in north, central New Jersey

A growing restaurant chain is seeking 30 new locations in northern and central New Jersey, having tapped Ripco Real Estate to help spearhead its expansion.