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.

Deals
NAI Hanson inks sale of Hackensack land site slated for 15,000 sq. ft. daycare center

Plans for a new daycare center in Hackensack are moving forward after the sale of a nearly half-acre development site for the facility, according to a broker with NAI James E. Hanson.

Technology
Bell Works welcomes new Swing Loose Golf Driving Range to sprawling Holmdel campus

A new driving range has opened outside the sprawling Bell Works complex in Holmdel, bringing another amenity to the property’s workers and patrons and to local residents.

Retail
Men’s barbershop leases 1,300 sq. ft. to join Larken retail center in Raritan Borough

Larken Associates has inked a new 1,300-square-foot lease that has brought a men’s barbershop to a retail center in the Somerset County borough of Raritan.

Industrial
IDI acquires Somerset redevelopment sites, eyeing new industrial project

IDI Logistics has acquired two properties in the Somerset section of Franklin that it now plans to redevelop as a new high-end warehouse and distribution facility.

Office
Sanzari, Archer sign 22,000 sq. ft. renewal at Hackensack’s Court Plaza

Alfred Sanzari Enterprises has announced a lease renewal with Archer & Greiner PC, a longtime tenant at its Court Plaza office complex in downtown Hackensack.

Retail
Net-leased grocery store asset in Monmouth fetches $3 million, Marcus & Millichap says

A private investor has purchased the site of a nearly 8,000-square-foot specialty grocery store in Monmouth County, in a newly announced deal by Marcus & Millichap.

People
Second generation joins Bravitas Group to lead acquisitions, strategic initiatives

A new generation has joined The Bravitas Group Inc. in Montclair as the real estate firm’s managing director for acquisitions and strategic initiatives.

Residential & Mixed Use
New York-based buyer adds 43-unit Jersey City rental portfolio for $6.9 million

A private investor has purchased a three-building, 43-unit apartment portfolio in Jersey City for $6.9 million, according to a brokerage team with Capital Realty Associates.

Residential & Mixed Use
Larken Associates touts preleasing success at new 254-unit Readington rental property

Larken Associates has preleased nearly 90 percent of a new 254-unit luxury apartment property in Readington, with plans to welcome its first residents in the coming months.

Photos
Spencer Savings Bank continues service, financial support to Habitat for Humanity

Spencer Savings Bank has continued its partnership with Habitat for Humanity with two recent projects in the region and a donation to the organization’s Bergen County affiliate.