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
Faropoint sells multistate, 6.8 million sq. ft. industrial portfolio for $481 million

Investment firm Faropoint has sold a multistate, 6.8 million-square-foot portfolio of warehouse and light industrial properties for $481 million.

Industrial
Nail care company sells 152,000 sq. ft. Paterson facility in sale-leaseback deal

An investor has acquired an industrial building in Paterson as part of a sale-leaseback with a nail care company, in a newly announced transaction by NAI James E. Hanson.

Industrial
EverWest buys 117,000 sq. ft. Meadowlands building in $37 million sale-leaseback

EverWest Real Estate Investors has acquired an East Rutherford industrial building for more than $37 million, in the latest addition to its fast-growing portfolio in the state.

Finance & Capital Markets
Progress Capital inks $55 million loan for Newark architecture, design school project

A development team has landed nearly $55 million in financing to build out a new design-focused high school at the site of a long-shuttered hospital in Newark.

Residential & Mixed Use
Kislak: 21-unit Journal Square apartment building trades for $3.9 million

An investor has purchased a 21-unit apartment building in Jersey City’s resurgent Journal Square neighborhood, according to a broker with The Kislak Co. Inc.

Residential & Mixed Use
Zoning board OKs 14-unit condo project in historic Newark district

Newark’s zoning board has approved plans for a new 14-unit condominium building some two blocks south of Interstate 280 and NJ Transit’s Broad Street station.

Finance & Capital Markets
Westwood industrial owner refis for $5.8 million, Polaris says

The owner of a 46,000-square-foot industrial building in Bergen County has refinanced the property for $5.8 million, under a deal arranged by Polaris Funding.

Industrial
Newark warehouse deal among five recent leases, sales by Newmark Associates

An industrial linen business has leased a 12,000-square-foot warehouse in Newark, in one of several newly announced transactions by Newmark Associates CRE.

Residential & Mixed Use
Joint venture buys 99-unit Hoboken property for $57 million, in JLL-brokered deal

Skylight Real Estate Partners and PCCP LLC have acquired a 99-unit, loft-style apartment building in Hoboken for nearly $57 million, in a deal arranged by JLL.

Residential & Mixed Use
Marcus inks sale of approved multifamily development site in Dunellen

An investor has purchased an approved development site in northern Middlesex County, where plans call for a reported 40 apartments in a location just north of Route 28.