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
Glenpointe office campus nears full occupancy after strong multiyear leasing campaign

Alfred Sanzari Enterprises is nearing a milestone at its landmark Glenpointe campus in Teaneck, announcing Monday that its 670,000 square feet of office space is almost fully leased.

Residential & Mixed Use
Buyer wanted for 421-unit luxury rental property in Westchester County suburb, JLL says

The developer of more than 400 luxury apartments in Westchester County has listed the property for sale, in a newly launched offering by JLL’s Morristown-based capital markets team.

Residential & Mixed Use
Longtime owner sells 47-unit Irvington rental portfolio for $4.7 million, Kislak says

An investor has purchased a two-building, 47-unit apartment portfolio plus vacant land in Irvington for $4.7 million, in a newly announced deal by The Kislak Co. Inc.

Industrial
Faropoint sells 44,000 sq. ft. Somerdale warehouse in NAI Mertz-brokered deal

Faropoint has sold a more than 44,000-square-foot industrial building in Camden County for $6.4 million, brokers with NAI Mertz announced Monday.

Retail
Cannabis shop takes 8,500 sq. ft. in West New York, Goldstein Group says

A cannabis dispensary has leased 8,500 square feet along a key thoroughfare in northern Hudson County, in a transaction arranged by The Goldstein Group.

Residential & Mixed Use
Veris sells 197-unit Morris Plains rental property for $85 million, in deal arranged by CBRE

Veris Residential Inc. has sold a 197-unit luxury apartment building in Morris Plains, fetching $85 million for an asset that helped revitalize a former aging suburban office property.

Office
Silverman Group sells Morris Township medical office building for $13 million, C&W says

The Silverman Group has sold a more than 58,000-square-foot medical office building outside Morristown for $13.2 million, in a newly announced deal by Cushman & Wakefield.

Industrial
Turnbridge, logistics firm ink 255,000 sq. ft. lease at Bayonne industrial complex

Turnbridge Equities has landed a tenant for a newly acquired industrial complex in Bayonne, leasing more than 255,000 square feet to a global logistics firm.

Professional Services
PS&S acquires engineering team specializing in life sciences, chemical process industries

Professional services firm PS&S has acquired an engineering group in Allentown, Pennsylvania, bolstering its life sciences platform while expanding its reach in the region.

Retail
Cervelli: Guac Time, Mexican fusion restaurant, takes 2,900 sq. ft. in Jersey City

A growing restaurant concept has found its first New Jersey location, in Jersey City’s McGinley Square neighborhood, in a deal arranged by Cervelli Real Estate & Property Management.