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.

Office
Signature Acquisitions details lease with Party City at 209,000 sq. ft. Woodcliff Lake building

The owner of a Woodcliff Lake office building has detailed its new lease with Party City’s parent company, which will bring its headquarters to the property in 2022.

Retail
Hampshire-backed REIT adds grocery-anchored retail centers in Philadelphia, Richmond

A real estate investment trust with ties to The Hampshire Cos. has purchased retail centers in Pennsylvania and Virginia, marking its first deals after an initial public offering.

Industrial
Junk hauler buys Howell industrial site for $1.2 million, Sheldon Gross says

A junk removal company has paid $1.2 million for a roughly three-acre industrial property in Howell, in a newly announced transaction by Sheldon Gross Realty.

Office
Sanzari inks new lease, renewal at Hackensack office complex

Alfred Sanzari Enterprises has signed a lease with Star Hill Financial for 1,771 square feet and a lease renewal with Business Solution Providers for 1,050 square feet, both at Court Plaza in downtown Hackensack.

Retail
Toys R Us comes to American Dream, in first U.S. flagship store under new ownership

The new owner of the iconic Toys R Us brand has opened its first U.S. flagship store inside American Dream, the sprawling retail and entertainment complex in East Rutherford.

Residential & Mixed Use
Gebroe-Hammer inks $83 million sale of 542-unit Union County apartment portfolio

An apartment owner has sold a 17-building, 542-unit portfolio in Union County for nearly $83 million, under a deal arranged by Gebroe-Hammer Associates.

Top News
Developer names national leasing director for 400-acre ‘Riverton’ project in Sayreville

The developer seeking to build a $2.5 billion, mixed-use destination at a long-dormant site in Sayreville has tapped a veteran real estate executive to lead its leasing efforts at the site.

Finance & Capital Markets
JLL: Nutley, Palisades Park apartment owner lands $46 million financing package

The owner of two garden apartment complexes in Essex and Bergen counties has secured nearly $46 million in financing, in a set of newly announced transactions by JLL.

Industrial
Donnelly eyes start of 25,000 sq. ft. warehouse project in Wayne

A construction firm has announced plans for a new 25,000-square-foot industrial building in Wayne, the first of two slated for a site at the western edge of the township.

Industrial
Duke Realty names new development associate in New Jersey

Duke Realty has hired Gregg Bazzani as a development associate in New Jersey.