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: Plainfield apartment owner sells updated 20-unit property

An apartment owner has sold a 20-unit property in Plainfield after completing a series of updates during nearly a decade of ownership, according to brokers with The Kislak Co. Inc.

Industrial
BRC inks 15,000 sq. ft. industrial lease in Linden with millwork business

A millwork business has signed a full-building, 14,500-square-foot commitment at a Linden industrial property, in a newly announced deal by Bussel Realty Corp.

Industrial
Denholtz acquires three-building, 359,000 sq. ft. Georgia industrial portfolio

Denholtz Properties has expanded its holdings outside New Jersey with the addition of nearly 360,000 square feet of multitenant industrial space in Savannah, Georgia.

Residential & Mixed Use
Jersey City apartments trade for $4.5 million, in one of four new deals by B6 Real Estate

An investment group has acquired a 25-unit apartment building in Jersey City’s West Bergen neighborhood, in one of several recent deals by B6 Real Estate Advisors.

Office
KABR, Kushner detail three leases for 9,400 sq. ft. at Journal Square office tower

The KABR Group and Kushner have signed three new leases at a newly renovated, 111,000-square-foot office tower in Jersey City’s iconic Journal Square neighborhood.

Industrial
Industrial buyer adds 170,000 sq. ft. Linden warehouse portfolio in reported $90 million deal

An investment manager has purchased a two-building, 170,000-square-foot industrial portfolio in Linden, completing the latest acquisition by its growing Northeast office.

Office
Bergman taps 25-year industry veteran as new chief operating officer

Bergman Real Estate Group has hired a longtime commercial real estate executive as its new chief operating officer, the Woodbridge-based firm announced.

Finance & Capital Markets
G.S. Wilcox sources $52 million loan for Tulfra, Hampshire apartments in North Haledon

The developers of a new 180-unit luxury apartment property in North Haledon has secured $52 million in financing, under a deal arranged by G.S. Wilcox & Co.

Residential & Mixed Use
Diversified buys Wharton parcel approved for 60-unit multifamily project, NAI Hanson says

Diversified Properties has acquired the site of what’s slated to become a new 60-unit luxury multifamily property in Morris County, brokers with NAI James E. Hanson announced.

Residential & Mixed Use
Newly built, 629-unit Jersey City rental property leases up in six months

A developer has leased up nearly 630 units at a new luxury apartment building in Jersey City’s West Side neighborhood, achieving the milestone in less than six months.