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
Reynolds sells new 63-unit Bound Brook apartment building for $22 million

Reynolds Asset Management has sold a newly completed, 63-unit apartment building in Bound Brook for $22 million, in a deal arranged by The Kislak Co. Inc.

Finance & Capital Markets
JLL: Developers land $58 million permanent loan for new 220-unit Englewood property

A joint venture has snagged nearly $58 million in permanent financing for a newly built, 220-unit apartment property in downtown Englewood, brokers with JLL announced.

Industrial
SJP breaks ground on first piece of 6.5 million sq. ft. logistics park in Savannah

SJP Properties has made a major move into the Southeast industrial market, breaking ground on the first piece of a 12-building, 6.5 million-square-foot logistics park in Savannah, Georgia.

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.