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.

Top News
Development firm AST rebrands amid integration of lending, brokerage platforms

AST Development, a boutique developer and financing firm based in Lavallette, has rebranded as part of its shift to a fully integrated real estate platform.

People
New hires in acquisitions, project management among latest hires for Saxum

Saxum Real Estate has continued its string of growth with six new hires aimed at strengthening its acquisitions, project and operations teams.

Industrial
Colliers inks sale of 60,000 sq. ft. Pennsauken industrial building

SNS Real Estate Investment Group LLC has purchased a fully occupied, 60,000-square-foot industrial building in Pennsauken.

Industrial
Investor buys Secaucus office, industrial building for $1.9 million

Marcus & Millichap has negotiated the sale of a 10,000-square-foot office and warehouse property in Secaucus for $1.9 million.

Retail
Azarian, Primo Hoagies sign lease for 2,000 sq. ft. end cap space in Allendale

Azarian Realty Co. has leased the 2,008-square-foot end cap at Allendale Town Center, a 90,000-square-foot shopping center in Bergen County, to Primo Hoagies.

Residential & Mixed Use
Developers release new $3 million penthouses at Hoboken’s Wonder Lofts

The developers of the distinctive Wonder Lofts condominium project in Hoboken have unveiled a pair of luxury penthouses starting at nearly $3 million.

Industrial
Thor acquires Bogota development site, plans 150,000 sq. ft. industrial project

Thor Equities Group has unveiled plans to build a new 150,000-square-foot industrial building in Bergen County, eyeing further expansion of its platform in northern New Jersey.

Office
Keystone, Summit Health sign 71,000 sq. ft. office lease in Fair Lawn

Summit Health has leased more than 70,000 square feet for a new medical hub in Bergen County, taking space at a renovated building owned by Keystone Development + Investment.

Retail
REIT acquires Old Bridge site for new 355,000 sq. ft. retail center, Goldstein Group says

The Brunetti Organization has sold more than 30 acres along Route 9 in Old Bridge, where plans call for building a new 355,000-square-foot retail center anchored by ShopRite and Target.

Industrial
AY: Boston private equity firm completes 135,000 sq. ft. sale-leaseback in Parsippany

Boston-based Longpoint Realty Partners LP has completed a sale-leaseback in Parsippany, adding more than 135,000 square feet to its New Jersey portfolio.