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.

Finance & Capital Markets
Cronheim sources 15-year financing for 460 apartments in Burlington, Cumberland

An apartment owner has landed financing for a 460-unit portfolio in Cumberland and Burlington counties, according to a debt placement team with Cronheim Mortgage.

Residential & Mixed Use
Kislak inks sale of 70-unit apartment complex in Plainfield

A private buyer has purchased a 70-unit garden apartment complex in Plainfield for $17.5 million, in a newly announced transaction by The Kislak Co. Inc.

Office
SJP, Scotto mark core and shell build-out for M Station East in Morristown

SJP Properties and Scotto Properties have completed the core and shell of a new building in Morristown that will house 110,000 square feet of office space for Deloitte LLP.

Industrial
Devli adds 80,000 sq. ft. with industrial deals in northern, central New Jersey

Devli Real Estate has expanded its New Jersey industrial portfolio by more than 80,000 square feet with a series of acquisitions in Bergen, Hudson and Monmouth counties.

Industrial
Seagis acquires 63,000 sq. ft. industrial building in South Hackensack

Seagis Property Group has acquired a 63,000-square-foot distribution facility at 41-51 James St. in South Hackensack.

Industrial
Investor buys 13,000 sq. ft. flex industrial building in Atlantic County, WCRE says

A buyer has expanded its portfolio with the addition of a 13,000-square-foot flex industrial building in Atlantic County, according to Wolf Commercial Real Estate.

Residential & Mixed Use
Skyline Development, local officials mark opening of 70 condos in North Bergen

Skyline Development Group has taken the wraps off Solaia, its new 70-unit luxury condominium property near the Hudson River waterfront in North Bergen.

Retail
Retired business owner sells 4,000 sq. ft. retail building in Ewing

A longtime business owner has sold a freestanding, 4,000-square-foot retail building in Mercer County, under a deal arranged by NAI Fennelly.

Residential & Mixed Use
DMR: Developer kicks off first of 11 buildings at 88-acre town center site in Whippany

A developer has broken ground on a project that will revive the former site of a historic paper mill complex in Hanover’s Whippany section, bringing nearly 1,000 residential units, 80,000 square feet of retail space and other uses as part of an 88-acre town center.

Industrial
Dermody, snack maker ink 201,000 sq. ft. lease at new Gloucester logistics campus

Dermody Properties has secured its first tenant at a new logistics park in Gloucester County, leasing more than 200,000 square feet to a specialty snack company.