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

ReadySpaces takes 126,000 sq. ft. in Kearny for co-warehousing firm’s third N.J. location

Co-warehousing firm ReadySpaces has added a third New Jersey location and its second this year, leasing 126,000 square feet at a Kearny industrial building.

Government & Public Policy

Recreational cannabis sales in New Jersey set to begin April 21, regulators says

Sales of adult use recreational marijuana in New Jersey are slated to begin in less than a week after state officials approved the expansion of several existing medical dispensaries.

Office

HR, payroll provider takes 2,700 sq. ft. for new Marlton HQ, Vantage Commercial says

A human resources and payroll firm has opened a new headquarters in Evesham, under a lease arranged by brokers with Vantage Commercial.

Health Care & Education

Medical practice buys 3,900 sq. ft. Hawthorne office building, NAI Hanson says

A family medicine practice is moving within Passaic County after acquiring an office building in downtown Hawthorne, brokers with NAI James E. Hanson announced Thursday.

Residential & Mixed Use

N.Y. firm buys 78-unit Hackensack rental building for $36 million, Kislak says

An out-of-state investor has purchased a 78-unit luxury apartment building in Hackensack for $36 million, in a transaction arranged by The Kislak Co. Inc.

Newark cultural institutions eye high-profile projects, creation of new downtown arts hub

A series of high-profile development projects are poised to infuse three of Newark’s cultural anchors, while helping to advance economic growth in and around the downtown.

Residential & Mixed Use

Hoboken rental property trades for $9 million, C&W says

The developers of a 16-unit apartment building in Hoboken have sold the property for $9 million, in a newly announced transaction by Cushman & Wakefield.

Finance & Capital Markets

Lender provides $7.9 million for plans to convert Montclair, Clifton commercial buildings

A national private direct lender has closed nearly $8 million in financing for projects that will reposition vacant buildings in Montclair and Clifton.

Retail

Azarian details Q1 deals with food, retail tenants across New Jersey portfolio

A fast-growing cookie franchise has leased nearly 2,000 square feet of retail space in Middlesex County, in one of several first-quarter transactions by Azarian Realty Co.

Community

Spencer Savings donates $100,000, supplies to humanitarian relief in Ukraine

Spencer Savings Bank has announced a $100,000 donation to support humanitarian relief efforts in Ukraine, having also held a supply drive for refugees from the war-torn country.