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
Newark warehouse deal among five recent leases, sales by Newmark Associates

An industrial linen business has leased a 12,000-square-foot warehouse in Newark, in one of several newly announced transactions by Newmark Associates CRE.

Residential & Mixed Use
Joint venture buys 99-unit Hoboken property for $57 million, in JLL-brokered deal

Skylight Real Estate Partners and PCCP LLC have acquired a 99-unit, loft-style apartment building in Hoboken for nearly $57 million, in a deal arranged by JLL.

Residential & Mixed Use
Marcus inks sale of approved multifamily development site in Dunellen

An investor has purchased an approved development site in northern Middlesex County, where plans call for a reported 40 apartments in a location just north of Route 28.

Retail
Infrared fitness studio coming to Livingston Town Center after leasing 2,000 sq. ft.

A fast-growing fitness franchise has leased more than 2,000 square feet at the mixed-use Livingston Town Center property, according to a team with Azarian Realty Co.

Retail
Queens-based pizza chain signs lease in Marlton, Vantage Commercial says

A pizza chain is expanding to southern New Jersey after leasing space at a Burlington County shopping center, under a deal arranged by Vantage Commercial.

Office
NAI Fennelly closes 110,000 sq. ft. in Central Jersey office leases, sales in first half of 2022

NAI Fennelly is touting the completion of more than 110,000 square feet of office leases and sales in central New Jersey during the first half of 2022.

Residential & Mixed Use
RMS touts lease-up of new Union Twp. apartments, eyes next New Jersey project

Development firm RMS Cos. has leased up a new 153-unit luxury apartment property in Union Township, as it looks to build on the success of its first project in New Jersey.

Professional Services
Cafiero-led team looks to continue pace as Marcus & Millichap’s top N.J. brokerage unit

Marcus & Millichap’s top investment sales team in New Jersey is seeking continued momentum, following a banner year in 2021 and a strong first half of 2022, with a focus on triple-net-lease and multitenant retail deals and the industrial and office sectors.

Industrial
Seven-building, 45,000 sq. ft. Hackensack industrial portfolio sells for $7.3 million

Brentwood Realty has sold a nearly 45,000-square-foot industrial portfolio in Hackensack for $7.3 million, in a newly announced transaction by Cushman & Wakefield.

Industrial
Rockland County firm buys 12,000 sq. ft. facility in Upper Saddle River, NAI Hanson says

A company is relocating from Rockland County after purchasing a 12,000-square-foot industrial flex property in Upper Saddle River, according to a broker with NAI James E. Hanson.