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.

Retail
Four new tenants combine for 45,000 sq. ft. at Hazlet retail center, Pierson says

The owners of a new-look shopping center in Hazlet have welcomed four additional tenants to the property, in a series of deals announced Thursday by Pierson Commercial.

Residential & Mixed Use
KRE hits new leasing milestone at multiphase Bayonne residential project

Kushner Real Estate Group has all but leased up more than 400 units at its new luxury rental property in Bayonne known as Bay 151.

Retail
JLL brokers sale of grocery-anchored retail center in Rockland County for $27 million

A joint venture has sold a grocery-anchored shopping center in New York’s Rockland County for $26.5 million, in a deal by JLL’s Morristown-based capital markets team.

Industrial
Investor adds to South Jersey footprint with 75,000 sq. ft. Burlington property

An investment group has purchased a 75,000-square-foot industrial building off Route 130, with plans to “explore expansion opportunities” at the Burlington Township property.

Residential & Mixed Use
New 72-unit Jersey City apartment building trades for $32 million

A family-owned real estate firm has purchased a newly built, 72-unit apartment building in Jersey City for nearly $32 million, according to a brokerage team with JLL.

Industrial
CBRE inks sale of 44,000 sq. ft. Oakland industrial building for $9.6 million

Investment firm Faropoint has acquired a nearly 45,000-square-foot industrial building in the Bergen County borough of Oakland, in a newly announced deal by CBRE.

Retail
Family Dollar, Dollar Tree combo store takes 20,000 sq. ft. in South Plainfield

Family Dollar and Dollar Tree will occupy nearly 20,000 square feet at a standalone retail building in Middlesex County, in a newly announced deal by Levin Management Corp.

Office
C&W named leasing agent for 750,000 sq. ft. Onyx office portfolio in Parsippany

Onyx Equities has retained Cushman & Wakefield to market a five-building, 750,000-square-foot office portfolio in Parsippany, the real estate services firm announced Wednesday.

People
Kislak promotes two in marketing, brokerage roles

The Kislak Co. Inc. has announced two promotions on its marketing and brokerage teams.

Industrial
IDI leases 111,000 sq. ft. at new Passaic industrial building, in reported deal with Lowes

IDI Logistics has secured a full-building commitment at a newly built industrial building in Passaic, leasing more than 100,000 square feet to a home improvement giant.