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.

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Kokes Properties takes part in local community day as construction continues in Riverside

Kokes Properties is taking steps to further strengthen its ties to the Burlington County township of Riverside, the site of its new multifamily development, including participation in an annual community day organized by local officials.

Industrial

Construction begins on two-building, 1.7 million sq. ft. industrial park in Salem County

A developer has broken ground on a project that will bring more than 1.7 million square feet of new industrial space to Salem County, according to Premier Design + Build Group.

Retail

Route 18 retail property in East Brunswick fetches $14 million, Marcus says

A private investor has purchased a nearly 58,000-square-foot shopping center in East Brunswick for $14 million, brokers with Marcus & Millichap announced Thursday.

Residential & Mixed Use

Kislak inks sale of 68-unit Essex County apartment portfolio for $8 million

A third-generation apartment owner has sold a two-property, 68-unit portfolio in Essex County for $8 million, in a deal arranged by The Kislak Co. Inc.

Finance & Capital Markets

C&W: Camber secures $89 million refi for South Jersey, Bucks County industrial portfolio

Camber Real Estate Partners has refinanced a 25-building, 1.2-million-square-foot light industrial portfolio in southern New Jersey and Pennsylvania for more than $89 million.

Retail

Planet Fitness takes 19,000 sq. ft in Weehawken sublease, Jeffery Realty says

Planet Fitness is taking more than 19,000 square feet for a new location in Weehawken, in one of several newly announced deals by Jeffery Realty.

Industrial

Diversified touts two new leases in Montville, bringing industrial park to full occupancy

Diversified Properties has brought the five-building Mars Industrial Park in Montville to full occupancy after two recent leases totaling nearly 14,000 square feet.

Office

NAI Hanson negotiates sale of office, retail portfolio in Bergenfield

NAI James E. Hanson has negotiated the sale of a nearly 31,000-square-foot mixed-use portfolio of commercial properties in Bergenfield.

Deals

Family-owned commercial buildings, seven-bedroom home sold in South Jersey

Vantage Commercial has brokered the sale of two commercial properties and a single-family home in southern New Jersey, working on behalf of a family estate.

Jersey City: First phase of 100-acre, mixed-income Bayfront project to break ground in 2023

The first phase of the 100-acre Bayfront project in Jersey City is slated to include 209 apartments, 35 percent of which will be for lower-income renters. — Courtesy: Jersey City By Joshua Burd Developers will soon break ground on a…