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
Larken signs new 1,200 sq. ft. lease, adding pet salon to Lopatcong shopping center

Larken Associates has completed a lease that will bring a pet grooming salon to a two-building, 30,000-square-foot shopping center in Warren County.

Residential & Mixed Use
Hudson Atlantic: Stratford apartments trade for first time in 60 years, fetching $9.5 million

The owner of an 82-unit apartment complex in Camden County has sold the property for the first time in its 59-year history, in a deal arranged by Hudson Atlantic Realty.

Residential & Mixed Use
Claremont completes sale of 240-unit Park Ridge property to Veris Residential

A development team has completed its sale of a new 240-unit luxury apartment building in Park Ridge, commanding $130 million for the property in a deal with Veris Residential Inc.

Residential & Mixed Use
Developer sells 15-unit Cliffside Park apartment building for $6.5 million, Veerman says

The developer of a 15-unit apartment building in Cliffside Park has sold the property for $6.5 million, in a newly announced deal by Veerman Asset Management.

Office
Cosmetics firm takes 16,000 sq. ft. at Glenpointe for new U.S. headquarters, Sanzari says

A global cosmetics company is bringing its U.S. headquarters to the Glenpointe campus in Teaneck after a newly completed lease with Alfred Sanzari Enterprises.

Industrial
Blau & Berg inks purchase, lease of Linden trucking facility

The site of a warehouse and truck trailer storage facility in Linden has attracted a new tenant after recently changing hands, in a series of deals by The Blau & Berg Co.

Top News
Procida joins developer, local officials to unveil final phase of Northvale condos

Paris Square at 199 Paris Ave. in Northvale — Courtesy: Procida Funding By Joshua Burd A development team has marked the long-awaited completion of an age-restricted, 111-unit condominium complex in the Bergen County borough of Northvale. Procida Funding, a lender…

Deals
Therapist acquires 2,400 sq. ft. property in Monmouth County, Sheldon Gross says

114 Route 34 in Matawan — Courtesy: Sheldon Gross Realty By Joshua Burd A mental health therapist has purchased a 2,400-square-foot property in Matawan for $360,000, according to a brokerage team with Sheldon Gross Realty. In a news release, the…

Residential & Mixed Use
Jersey City approves redevelopment, affordable housing pact for first phase of Bayfront

Plans to transform Jersey City’s massive Bayfront property took a key step forward this week with the approval of a redevelopment agreement for the first phase, a proposed 209-unit building with more than a third of its apartments reserved for lower-income renters.

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.