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.

Residential & Mixed Use
Kokes sells new Connecticut rental property, eyes continued growth in New Jersey

Kokes Properties has closed on its sale of a newly built, 41-unit apartment building in Connecticut, with plans to double down on its growing portfolio at home in New Jersey.

Industrial
Inspection technology firm takes 22,000 sq. ft. in Mount Laurel, Vantage Commercial says

A pharmaceutical inspection company has leased nearly 22,000 square feet of industrial flex space in Mount Laurel, in a newly announced deal by Vantage Commercial.

Industrial
Faropoint lands new credit facility for a combined $1.6 billion over 14 months

Investment manager Faropoint has secured a new credit facility to support its growing industrial portfolio, in the latest piece of some $1.6 billion in funding that it has closed since last summer.

Office
Edgewood buys vacant 250,000 sq. ft. Basking Ridge office building, in JLL-brokered deal

Edgewood Properties has acquired a 250,000-square-foot office building in Somerset County that was recently vacated by a global insurance company, in a deal arranged by JLL.

Residential & Mixed Use
Skylight affiliates sell Hoboken multifamily portfolio for $13.2 million, Kislak says

An investment group has sold a three-building, 21-unit multifamily portfolio in Hoboken for $13.2 million, according to a brokerage team with The Kislak Co. Inc.

Retail
Urban Edge: Apparel chain takes 2,300 sq. ft. at Bergen Town Center for first East Coast outlet

Urban Edge Properties has leased a space at its Bergen Town Center property that will serve as the first East Coast outlet location for Splendid, a fashion retailer.

Residential & Mixed Use
Wonder Lofts opens new on-site sales office, model homes as first buyers move in

The team behind the newly restored Wonder Lofts property in Hoboken has officially opened the collection of upscale condominiums with its debut of an on-site sales office.

Office
Colliers: Boutique office building in Morris County trades for $4.2 million

A private New Jersey-based investor has purchased a 32,000-square-foot office building in Chester for $4.2 million, brokers with Colliers announced Wednesday.

Health Care & Education
NAI Hanson inks 5,600 sq. ft. medical office lease in Paramus

NAI James E. Hanson has negotiated a lease for a 5,599-square-foot medical office in Paramus.

Industrial
Investor sells 276,000 sq. ft. warehouse at Exit 7 for $60 million, Newmark says

An industrial owner has sold a warehouse property in Bordentown for $60 million, in a deal by Newmark that comes five years after the asset last changed hands.