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
Café, dentist coming to retail space at new Denholtz apartment building in Red Bank

Two new commercial tenants are coming to Denholtz Properties’ recently delivered, ground-up development in Red Bank’s West Side neighborhood, the firm announced Thursday.

Retail
Vantage Commercial: Miracle-Ear leases final space at Cherry Hill retail center

A hearing aid company has taken the last available unit at a Cherry Hill shopping center, in a newly announced transaction by Vantage Commercial.

Residential & Mixed Use
East Orange development site slated for 113 units sells for $4.15 million

A developer has sold a parcel in East Orange with approvals in place to build 113 market-rate apartments, in a newly announced deal by CBRE.

Industrial
Logistics firm leases 253,000 sq. ft. at Gloucester County industrial building

A warehouse and trucking company has taken more than 250,000 square feet of modern industrial space in Gloucester County, brokers with CBRE announced Wednesday.

Residential & Mixed Use
Weiss plans groundbreaking for newly approved, 240-unit rental project in Delran

Weiss Properties has secured local approvals to build 240 new luxury apartments in the Burlington County township of Delran, the firm announced Wednesday.

Residential & Mixed Use
Gebroe-Hammer: Two-building, 94-unit East Orange rental portfolio fetches $12 million

A private investor has purchased two East Orange apartment buildings with a combined 94 units for $11.9 million, according to a brokerage team with Gebroe-Hammer Associates.

Retail
Pierson promotes longtime team members Medvin, Starkman

Pierson Commercial has announced the promotion of two longtime members of its retail brokerage team.

Residential & Mixed Use
Kislak inks sale of mixed-use buildings in Asbury Park, Long Branch for $3.6 million

Two mixed-use buildings in Monmouth County have changed hands for a combined $3.6 million, in a set of newly announced deals by The Kislak Co. Inc.

Office
Deluccia: Solar products firm takes 8,300 sq. ft. in downtown Somerville

A commercial solar products company has leased 8,300 square feet of office space in downtown Somerville, in a deal arranged by Deluccia Commercial Group.

Editor’s Note
Taking the lead

Industrial space may well be the new darling of commercial real estate. Yet, as we’ve seen recently in New Jersey, it’s also now the biggest target for the type of fierce local opposition that was long reserved for apartment builders.