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.

Residential & Mixed Use
Irvington: Two-building, 45-unit rental property sells for $6 million, Kislak says

A private investor has purchased a two-building, 45-unit apartment property in Irvington for $6 million, The Kislak Co. Inc. announced Monday.

Industrial
NAI Hanson inks sale of 54,000 sq. ft. Mahwah industrial building

An e-commerce user has purchased a 54,000-square-foot industrial building in Mahwah, in a newly announced transaction by NAI James E. Hanson.

Professional Services
Avison Young announces key moves in New Jersey finance, operations roles

Avison Young has named its first-ever director of finance for the Northeast region while hiring a new operations manager for its New Jersey offices.

Industrial
Middlesex County industrial building fetches $4.1 million, Deluccia says

A buyer has paid more than $4 million for a roughly 31,000-square-foot industrial building in Middlesex County, according to a brokerage team with Deluccia Commercial Group.

Residential & Mixed Use
Kokes begins construction on newest rental building at The Mill at Riverside

Kokes Properties has broken ground on another 40 apartments as part of an ongoing redevelopment project near an NJ Transit light rail stop in Burlington County.

Retail
Pierson touts flurry of retail deals amid strong demand for neighborhood, community centers

Pierson Commercial has reported strong leasing activity across a range of retail properties, from a highway shopping center in Hazlet to a new-look transit hub in downtown Newark.

Industrial
New spec 610,000 sq. ft. warehouse on track for summer delivery, JLL says

A developer is set to complete a project that will bring more than 600,000 square feet of new high-end logistics space to Burlington County, according to a leasing team with JLL.

Finance & Capital Markets
Veteran banker Markey joins Valley as senior vice president, head of CRE division

Valley Bank has tapped a longtime lending executive as a new senior vice president and head of its commercial real estate division.

Industrial
Vantage Commercial: E-commerce site takes 21,000 sq. ft. for new Pennsauken headquarters

An e-commerce business has leased nearly 21,000 square feet of warehouse and office space in Pennsauken, in a newly announced transaction by Vantage Commercial.

Industrial
Fennelly: Developer eyes 130,000 sq. ft. industrial project after assembling Millstone site

A developer hopes to build more than 130,000 square feet of new industrial space in Monmouth County after acquiring 11 acres just north of Interstate 195.