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.

Office
Denholtz sells 238,000 sq. ft. office, flex portfolio in Hamilton, in Newmark-brokered deal

Denholtz Properties has sold nearly 240,000 square feet of office and flex space in Hamilton as part of a newly announced, $26.5 million deal arranged by Newmark.

Top News
Stockton honors Hanson for role in Atlantic City, marks milestone for new residence hall

The team behind a new Stockton University residence hall in Atlantic City gathered last week to highlight the project, slated to open in fall 2023, while honoring the revered developer Jon F. Hanson for his role in guiding new investment to the resort town.

Industrial
Developer sells 14,000 sq. ft. industrial space under construction in Sparta, NAI Hanson says

The site of a nearly 15,000-square-foot industrial building under construction in Sparta has traded for $2.1 million, in a newly announced deal by NAI James E. Hanson.

Industrial
Chilmark: Flooring company expands in Allendale with another 24,000 sq. ft.

A flooring company has expanded its footprint in Allendale with a newly completed lease for nearly 24,000 square feet, according to a broker with Chilmark Real Estate Services.

Industrial
Trucking firm’s office, storage facility in Green Brook trades for $1.5 million

A third-generation trucking firm has sold its office and depot facility in Somerset County for $1.5 million, in a newly announced deal by Deluccia Commercial Group.

Office
Onyx, JLL unveil redevelopment concepts and high-end office space at Summit campus

Onyx Equities and JLL have unveiled new plans and new possibilities for the sprawling former Celgene Corp. campus in Summit, where they’re now marketing two high-end office buildings and a redevelopment site at the heart of the nearly 640,000-square-foot property.

Government & Public Policy
NAIOP New Jersey details Landante’s new role as director of communications, policy

NAIOP New Jersey has announced the addition of a public affairs and public relations veteran as its newest director of communications and policy.

Residential & Mixed Use
Tulfra, Hampshire mark lease-up of new 180-unit rental community in North Haledon

Tulfra Real Estate and The Hampshire Cos. have completed their lease-up of a new 180-unit luxury apartment development in the Passaic County borough of North Haledon.

Retail
Larken signs new 1,200 sq. ft. lease, adding pet salon to Lopatcong shopping center

Larken Associates has completed a lease that will bring a pet grooming salon to a two-building, 30,000-square-foot shopping center in Warren County.

Residential & Mixed Use
Hudson Atlantic: Stratford apartments trade for first time in 60 years, fetching $9.5 million

The owner of an 82-unit apartment complex in Camden County has sold the property for the first time in its 59-year history, in a deal arranged by Hudson Atlantic Realty.