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: Home appliance maker takes 66,000 sq. ft. at new Piscataway industrial building

An appliance manufacturer has leased more than 65,000 square feet at a newly built warehouse in Piscataway, under a transaction arranged by CBRE.

Residential & Mixed Use
Seller reaps $7.3 million in 64-unit Newton apartment deal, Kislak says

A private owner has reaped $7.3 million from the sale of two garden apartment complexes in Sussex County, brokers with The Kislak Co. Inc. announced Tuesday.

Industrial
NAI Hanson inks sale of 19,000 sq. ft. Randolph industrial building

A private estate has sold a nearly 19,000-square-foot industrial building in Morris County, according to brokers with NAI James E. Hanson.

Retail
LMC: Popeyes adds location at Woodbridge shopping center

The owner of a Woodbridge shopping center has added a national operator to its restaurant mix, inking a 2,500-square-foot lease with Popeyes Louisiana Kitchen.

People
Denholtz adds first-ever director of development among newest hires

Denholtz Properties has bolstered its in-house development and construction teams with three new hires, as it looks to manage and grow its pipeline of projects in the region.

Residential & Mixed Use
Leasing at Hoboken rental building still strong as in-person tours resume

A new 424-unit apartment building in Hoboken has resumed in-person tours, following a successful spring in which leasing agents used virtual showings to lure prospective renters.

Professional Services
IBS promotes longtime accounting, tech professional to director of product and services

Integrated Business Systems has named a new director of product and services after promoting a 15-year veteran of the commercial real estate technology firm.

Residential & Mixed Use
Zinder: Princeton apartments open after conversion of historic building

A local architect is touting the conversion of a historic building in Princeton to a new 10-unit residential property, bringing much-needed housing to the university town.

Finance & Capital Markets
Maplewood rental project inks construction financing, JLL says

A developer has secured construction financing for a project that will bring new apartments and commercial space to downtown Maplewood, in a newly announced transaction by JLL.

Office
SJP, Scotto eye groundbreaking after sealing approvals for Morristown office project

A development that will transform a stretch of downtown Morristown — bringing 340,000 square feet of high-end office space and new public plazas — is set to break ground in the coming months after securing final approvals from the municipality.