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
Diversified touts two new leases in Montville, bringing industrial park to full occupancy

Diversified Properties has brought the five-building Mars Industrial Park in Montville to full occupancy after two recent leases totaling nearly 14,000 square feet.

Office
NAI Hanson negotiates sale of office, retail portfolio in Bergenfield

NAI James E. Hanson has negotiated the sale of a nearly 31,000-square-foot mixed-use portfolio of commercial properties in Bergenfield.

Deals
Family-owned commercial buildings, seven-bedroom home sold in South Jersey

Vantage Commercial has brokered the sale of two commercial properties and a single-family home in southern New Jersey, working on behalf of a family estate.

Top News
Jersey City: First phase of 100-acre, mixed-income Bayfront project to break ground in 2023

The first phase of the 100-acre Bayfront project in Jersey City is slated to include 209 apartments, 35 percent of which will be for lower-income renters. — Courtesy: Jersey City By Joshua Burd Developers will soon break ground on a…

Government & Public Policy
Netflix studio hub at Fort Monmouth closer to reality, emerges as top bid for 300-acre site

Netflix has taken a major step toward building a sprawling production studio in New Jersey, emerging as the preferred bidder for some 300 acres at the iconic Fort Monmouth property.

Government & Public Policy
Russo, Onyx and Terminal to lead transformation of NJ Transit’s Metropark station

State officials have picked Russo Development, Onyx Equities and Terminal Construction to spearhead a project that would reshape NJ Transit’s busy Metropark station in Woodbridge.

Finance & Capital Markets
C&W: Investors land $27 million acquisition loan for Port Newark spec industrial site

An investment group has procured a $27.3 million acquisition loan for a nearly 10-acre industrial parcel adjacent to Newark Liberty International Airport.

Industrial
Longpoint, glass distributor ink 29,000 sq. ft. industrial deal in Clifton, Lee & Associates says

A commercial glass distributor has leased 29,000 square feet of warehouse space in Clifton, in a newly announced deal by Lee & Associates New Jersey.

People
NAI Hanson promotes three brokers to associate vice president

By Tina Traster NAI James E. Hanson has promoted Justin Allessio, William Ericksen and Andrew Kirshenbaum to the role of associate vice president, the Teterboro-based firm announced. The company said that, since joining NAI Hanson in winter 2017, Alessio has…

Industrial
Donnelly breaks ground on 25,000 sq. ft. warehouse project in Wayne

Construction is underway for a new 25,000-square-foot industrial building in Wayne, one of two that a development team is planning for a site just west of routes 23 and 202.