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.

Office
Lab supply maker takes 9,300 sq. ft. at new-look Paramus office building

A laboratory supply company has leased more than 9,000 square feet of office space in Paramus, in one of two newly announced deals by Cushman & Wakefield.

Industrial
Duke, JD.com ink 217,000 sq. ft. lease for spec warehouse in Piscataway

Duke Realty Corp. has leased nearly 217,000 square feet to JD.com, China’s largest direct online retailer, filling a speculative industrial building under construction in Piscataway.

Top News
Developers, officials unveil plan for $125 million Lionsgate studio complex in Newark

A sprawling studio complex is coming to the former site of a Newark public housing complex, under a $125 million project unveiled Tuesday by its development team and public officials.

Retail
FNRP adds 227,000 sq. ft. Acme-anchored center in Voorhees

First National Realty Partners has made another addition to its grocery-anchored retail portfolio, acquiring a nearly 230,000-square-foot shopping center in Camden County.

Residential & Mixed Use
City leaders hail completion of new affordable housing in Elizabeth

Local officials have unveiled a new 60-unit, two-building development in Elizabeth that will provide housing for dozens of lower-income or formerly homeless residents.

Retail
Salon products chain opens 3,500 sq. ft. store in Howell, LMC says

A beauty supply store has opened its doors at a busy 128,000-square-foot shopping center in Monmouth County, following a deal arranged by Levin Management Corp.

Office
Sanzari, First Bergen Title sign 2,800 sq. ft. renewal in Hackensack

Alfred Sanzari Enterprises has signed a nearly 3,000-square-foot lease renewal with First Bergen Title Agency, a longtime tenant at its Court Plaza office complex in Hackensack.

Residential & Mixed Use
Atlantic City apartment tower trades for $17 million, Marcus & Millichap says

The longtime owner of a 266-unit apartment tower in Atlantic City has sold the building for $17 million, in a newly announced transaction by Marcus & Millichap.

Finance & Capital Markets
Developer nabs $26 million loan for Journal Square micro-apartments

The developer of 122 micro-apartments in Jersey City’s Journal Square has secured a $25.5 million loan for the property, according to brokers with JLL.

Residential & Mixed Use
Port Jervis apartments trade for $14 million in 1031 exchange, Kislak says

A private apartment owner has sold a 140-unit complex in New York’s Orange County for $14.25 million, according to a brokerage team with The Kislak Co. Inc.