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
Kislak: Garwood apartments sold for first time in decades, fetching $6.6 million

The longtime owner of a 36-unit apartment building in Garwood has sold the property for $6.6 million, brokers with The Kislak Co. Inc. announced this week.

Office
Vision Properties picks C&W to lease 485,000 sq. ft. East Rutherford office tower

The owner of a highly prominent, 485,000-square-foot office tower along Route 3 in East Rutherford has named Cushman & Wakefield as its leasing team for the property.

Top News
Jersey Pickleball Club to debut at Bell Works Holmdel on Nov. 1

A new indoor pickleball venue is set to open at the Bell Works campus in Holmdel, adding to the long list of features at the 2 million-square-foot office, retail and community destination.

Residential & Mixed Use
Developer buys fully approved site for 54-unit rental project in Jersey City, IPRG says

A developer has acquired a parcel in Jersey City with approvals in place for a new 54-unit apartment building, in a newly announced deal by Investment Property Realty Group.

Cover Story
On the horizon: NAIOP New Jersey is future-focused (at a pivotal time), with strategic plan in place and a governor’s race looming

This year’s gubernatorial and legislative elections loom large amid NAIOP New Jersey’s new four-year strategic plan and its focus on advocacy, creating new value for its members and elevating the commercial real estate sector in the minds of outside stakeholders.

Featured
KABR, Hornrock break ground on 216-unit rental project at Overpeck Corporate Center

Executives with KABR Group and Hornrock Properties joined Ridgefield Park Mayor Adam MacNeill and other officials on Oct. 22 to break ground on a new 216-unit luxury apartment building at 95 Challenger Road in Overpeck Corporate Center. — Courtesy: KABR/Hornrock…

Finance & Capital Markets
Madison, 2020 Acquisitions close $654 million loan for massive Old Bridge logistics park

The next phase of a 4.1 million-square-foot industrial campus in Old Bridge is moving ahead with the help of a $654 million mortgage and mezzanine loan from Madison Realty Capital.

Industrial
Velocity expands Burlington industrial building by 33,000 sq. ft. to support growing tenant

Velocity Venture Partners has completed a 33,000-square-foot addition to a Burlington industrial building, providing expansion space for the manufacturer that anchors the property.

Industrial
Richards & Robbins fills 7,300 sq. ft. at Fairfield industrial building, RRNNJ says

Richards & Robbins has secured another tenant in Fairfield with a new industrial lease for nearly 7,300 square feet, in a deal arranged by Resource Realty of Northern New Jersey.

Industrial
Sitex marks lease-up of 130,000 sq. ft. Edison industrial portfolio after sweeping update

Sitex Group has leased up a three-building, 130,000-square-foot industrial complex in Edison after a multiyear plan to modernize the portfolio.