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.

Retail
Sussex County building with retail, apartments changes hands in NAI Hanson-brokered deal

The owner of a DJ and lighting equipment company has purchased a 10,000-square-foot mixed-use building in Sussex County, in a deal arranged by NAI James E. Hanson.

Office
AEP unveils upgrades at 99,000 sq. ft. office building at Princeton Junction station

American Equity Partners has taken the wraps off a newly renovated office building alongside the Princeton Junction train station in West Windsor, brokers with Newmark announced.

Residential & Mixed Use
Brooklyn buyer adds 73-unit Perth Amboy rental portfolio, Capital Realty says

An investor has purchased a seven-building, 73-unit multifamily portfolio in Perth Amboy for nearly $12 million, under a deal arranged by Capital Realty Associates.

Retail
Urban Edge grows food, wellness offerings with new leases at Bergen Town Center

Urban Edge Properties has announced several new tenants at its Bergen Town Center property in Paramus, including two that will be marking their first locations in New Jersey.

Retail
Starbucks, Koto Asian Bistro coming to The Shops at Pier Village, Kushner says

Kushner Cos. has made two more additions to its retail and dining lineup at Pier Village in Long Branch, inking leases with Starbucks and a Japanese sushi steakhouse.

Industrial
Woodmont Industrial adds preleased 212,000 sq. ft. warehouse in Palm Beach County

Woodmont Industrial Partners has expanded its portfolio outside New Jersey with the acquisition of a newly delivered, 212,000-square-foot warehouse in South Florida.

Industrial
NAI DiLeo-Bram signs 16,000 sq. ft. sublease at Union Twp. warehouse

A trucking company has subleased a 16,000-square-foot building in Union Township, under a newly announced transaction by NAI DiLeo-Bram & Co.

Retail
Owner of busy Millville shopping center draws Boot Barn with 14,000 sq. ft. lease

A growing footwear chain has leased more than 14,000 square feet in Millville, securing one of its two initial locations that it plans to open in New Jersey later this year.

Retail
Connecticut retail center fetches $58 million, in deal inked by Morristown-based JLL team

Investment manager TA Realty has purchased a Connecticut retail center for nearly $58 million, in a deal arranged by JLL’s Morristown-based capital markets group.

Residential & Mixed Use
Procida joins developer to break ground on 128 rentals, nonprofit space in Philadelphia

Procida Funding is marking the start of a project that will bring 128 new apartments and office space for a local nonprofit to a West Philadelphia neighborhood.