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
Prism sells flagship ON3 office tower for $132 million, in deal with Cantor affiliate

Prism Capital Partners has sold the flagship office building at its ON3 campus, fetching more than $130 million for the fully leased, 300,000-square-foot tower in Nutley.

Retail
Onyx taps Uncle Willie’s Wings to fill last restaurant space at revamped Gateway

A Newark restaurateur and U.S. Army veteran is expanding to the city’s Gateway Center, becoming the 10th new operator to join a new-look retail and dining concourse at the complex.

Residential & Mixed Use
Kislak inks sale of 43-unit North Arlington rental portfolio for $8.4 million

A portfolio of 43 apartments and commercial space in North Arlington has changed hands for the first time in more than a century, according to brokers with The Kislak Co. Inc.

Industrial
Terreno expands Port Newark portfolio with 2.5-acre industrial parcel, Blau & Berg says

Terreno Realty LLC has purchased more than two acres of industrial property in Newark’s port district, in a newly announced transaction by The Blau & Berg Co.

Industrial
WP Properties leases 48,000 sq. ft. to backfill two Dover industrial spaces

WP Properties has backfilled a pair of neighboring industrial spaces in Dover, the firm announced, in leases that total 48,000 square feet.

Office
WCRE: Cherry Hill office complex slated for redevelopment after sale

The new owner of two office buildings in Cherry Hill is planning to add retail space after closing on its acquisition of the property, according to a broker with Wolf Commercial Real Estate.

Office
Local buyer adds 12,000 sq. ft. Hammonton medical office complex, Vantage Commercial says

A local investor in Atlantic County has added to his portfolio with the purchase of five buildings with nearly 12,000 square feet of medical office space, according to the broker in the deal.

Industrial
Second logistics firm coming to Morris County property, leasing 844,000 sq. ft.

A logistics firm has leased more than 840,000 square feet of industrial space in Morris County, helping to backfill what was a sprawling Toys R Us facility that investors have repositioned.

Office
Investment group sells 400,000 sq. ft. Mount Laurel office portfolio for $51 million

An investment firm has sold five office buildings in Mount Laurel for $51 million, touting the completion of a value-add strategy at the nearly 400,000-square-foot portfolio.

Professional Services
Workplace interiors firm dancker acquires Maryland-based furniture dealer

Interior solutions firm dancker has acquired Arbee, a Maryland-based furniture dealer, expanding its reach in the Mid-Atlantic as well as its home state of New Jersey.