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
CBRE inks $15 million sale of 91,000 sq. ft. industrial park, development site in Freehold

An industrial buyer has added six buildings in Freehold totaling nearly 91,000 square feet, part of a $15.2 million deal announced Wednesday by CBRE.

Residential & Mixed Use
CHA unveils 66-unit luxury apartment building in downtown Wharton

Development firm CHA Partners has taken the wraps off a new 66-unit luxury apartment building in Morris County, touting a downtown location that is minutes from mass transit.

Retail
Net-leased Mavis Discount Tire store in Howell trades for $2.8 million, Marcus says

A private investor has purchased the site of a Mavis Discount Tire store in Monmouth County for $2.8 million, in a newly announced deal by Marcus & Millichap.

Industrial
Connors brokers sale of 25,000 sq. ft. Kearny industrial building

The William F. Connors Agency has completed the sale of a nearly 25,000-square-foot industrial property in Kearny, the Bayonne-based brokerage firm announced Wednesday.

Industrial
Ivy Realty adds 172,000 sq. ft. Camden County industrial portfolio for $19 million

Investment firm Ivy Realty has purchased a pair of single-tenant industrial buildings in Camden County for $19.25 million, adding more than 170,000 square feet to its portfolio.

Industrial
Cedar Knolls building fully leased after deal with IT equipment rentals firm, NAI Hanson says

A provider of IT equipment rentals has leased more than 14,000 square feet at a Morris County industrial building, according to brokers with NAI James E. Hanson.

Industrial
Outdoor storage site in Logan Twp. trades for $1.2 million

Lee & Associates of Eastern Pennsylvania has negotiated the sale of a 1.56-acre industrial outdoor storage parcel in Logan Township.

Office
Ticketing software firm takes 1,600 sq. ft. in Middlesex, Boniakowski says

A California-based firm has leased 1,600 square feet of office space in northwest Middlesex County, in a newly announced deal by The Boniakowski Commercial Real Estate Group.

Office
Birch, Lionstone acquire 308,000 sq. ft. Hopewell office portfolio for $70 million

The Birch Group and Lionstone Capital LLC have purchased a nearly 310,000-square-foot office portfolio in Hopewell Township for $70 million, the firms announced Tuesday.

Finance & Capital Markets
Bridge lands $25 million loan for 190,000 sq. ft. Middlesex Co. warehouse project, JLL says

Bridge Industrial has secured a $25 million construction loan for a project that will bring nearly 200,000 square feet of new industrial space to northern Middlesex County.