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
NAI Hanson: SportsCare takes 2,400 sq. ft. at Bergenfield strip center

A physical therapy chain has leased nearly 2,500 square feet of retail space in downtown Bergenfield, in a newly announced transaction by NAI James E. Hanson.

Industrial
CenterPoint buys 117,000 sq. ft. warehouse in Wayne, NAI Hanson says

CenterPoint Properties has acquired another New Jersey industrial building, adding more than 117,000 square feet in Wayne near the intersection of Route 23 and Interstate 80.

Events
United Way honors Turner’s Romanski alongside Valley Bank lease, Bridge Point 78

The United Way of Northern New Jersey hosted its first in-person Commercial Real Estate Network Legacy Event since 2019, drawing a crowd of 400 while raising more than $365,000 in support of asset-limited, income-constrained, employed individuals.

Industrial
C&W: Two-building Bergen County industrial portfolio sells for $11 million

A local owner and developer has sold a nearly 39,000-square-foot industrial portfolio in Midland Park for $11 million, brokers with Cushman & Wakefield announced Friday.

Residential & Mixed Use
Somerset County apartment, retail building trades for $4.1 million, Deluccia says

An apartment and retail building in Somerset County has changed hands for more than $4.1 million, in a newly announced deal by Deluccia Commercial Group.

Retail
ShopRite expansion among three recent deals at Delran retail center, LMC says

ShopRite has expanded its footprint at a Burlington County shopping center, in one of three recent transactions at the property by Levin Management Corp.

Finance & Capital Markets
Marcus & Millichap inks $3 million acquisition loan for Camden County drugstore property

The buyer of a triple-net-leased drugstore property in Camden County has secured nearly $3 million in financing, under a deal arranged by Marcus & Millichap Capital Corp.

Residential & Mixed Use
Kushner set to begin 307-unit senior housing building, in reuse of Fair Lawn office parcel

More than 300 new apartments are coming to the Bergen County borough of Fair Lawn, where Kushner is redeveloping the site of a vacant office building near Route 208.

Industrial
CenterPoint adds 58,000 sq. ft. warehouse on low-coverage site in Fairfield

CenterPoint Properties has completed its first deal in the Fairfield industrial submarket, acquiring a parcel with nearly 60,000 square feet of warehouse space on just over four acres.

Top News
Kislak family pledges $2 million to Monmouth for permanent real estate program directorship

The family of the late Jay I. Kislak has extended its support for Monmouth University, pledging $2 million to establish a permanent endowed directorship for the school’s real estate program.