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.

Industrial
JLL: Three-building, 174,000 sq. ft. industrial portfolio in Piscataway on the market for sale

The owner of three light industrial buildings in Piscataway has listed them for sale, with the potential to command some $36 million for the nearly 175,000-square-foot portfolio.

Residential & Mixed Use
Indoor amenities open at new Adoni Property Group rental building in Franklin Lakes

Adoni Property Group has unveiled the full slate of indoor amenities at its new 44-unit luxury apartment building in Franklin Lakes.

Industrial
Survival products maker inks $1.8 million sale-leaseback in Trenton, NAI Fennelly says

A company that makes survival products has sold its Trenton manufacturing facility for $1.8 million, in a sale-leaseback deal announced Thursday by NAI Fennelly.

Retail
Clifton salon business opens new location after LMC-brokered lease

A local salon has opened its new 850-square-foot location on Route 46 in Clifton, following a deal arranged by Levin Management Corp.

Industrial
Nonprofit serving the blind, visually impaired takes 10,000 sq. ft. at Pennsauken warehouse

A nonprofit is shifting its warehouse operations after leasing nearly 10,000 square feet of industrial space in Pennsauken, brokers with Vantage Commercial announced.

Residential & Mixed Use
Metropolitan America sells 160 apartments in Trenton for $21 million, CBRE says

An apartment owner has sold a combined 160 units in Trenton for a total of $20.5 million, in a set of newly announced transactions by CBRE.

Residential & Mixed Use
Reynolds sells new 63-unit Bound Brook apartment building for $22 million

Reynolds Asset Management has sold a newly completed, 63-unit apartment building in Bound Brook for $22 million, in a deal arranged by The Kislak Co. Inc.

Finance & Capital Markets
JLL: Developers land $58 million permanent loan for new 220-unit Englewood property

A joint venture has snagged nearly $58 million in permanent financing for a newly built, 220-unit apartment property in downtown Englewood, brokers with JLL announced.

Industrial
SJP breaks ground on first piece of 6.5 million sq. ft. logistics park in Savannah

SJP Properties has made a major move into the Southeast industrial market, breaking ground on the first piece of a 12-building, 6.5 million-square-foot logistics park in Savannah, Georgia.

Residential & Mixed Use
Investor buys 46-unit Cranford apartment complex for $14.7 million, Hudson Atlantic says

Hudson Atlantic Realty has brokered the trade of a 46-unit garden apartment complex in Cranford, achieving a price of more than $318,000 per unit for the 1940s property.