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
WCRE named leasing agent at redesigned Cherry Hill retail, professional complex

The new owner of a retail and office complex in Cherry Hill has appointed Wolf Commercial Real Estate as its leasing agent at the site.

Office
JLL: Hartz sells 136,000 sq. ft. Jersey City office building for $48 million, in deal with AEP

Hartz Mountain Industries has sold a 136,000-square-foot office building in Jersey City to American Equity Partners, in a newly announced transaction by JLL.

Residential & Mixed Use
OneWall sells two-building, 191-unit Newark rental portfolio for $30 million

Workforce housing investor OneWall Communities has sold a 191-unit multifamily portfolio in Newark for $30 million, according to the firm and brokers with CBRE.

Government & Public Policy
State issues new call for bids on 300-acre Fort Monmouth site linked to Netflix

A state agency is once again seeking offers for nearly 300 acres at Fort Monmouth, as it looks to bring another high-profile anchor to the historic former Army base.

Retail
Tulfra, Hampshire tout momentum at Belleville site with construction loan, Starbucks lease

Tulfra Real Estate and The Hampshire Cos. have landed a nearly $6.4 million loan to fund the construction of three additional retail pads at a mixed-use site in Belleville.

Office
Sanzari inks two renewals at flagship Glenpointe campus in Teaneck

Alfred Sanzari Enterprises has signed two lease renewals for a combined 4,046 square feet at its three-building, 670,000-square-foot Glenpointe campus in Teaneck.

Industrial
Sheldon Gross: Stone supplier buys Plainfield storage, fabrication facility for $1.2 million

A marble and granite supplier has purchased an 18,000-square-foot industrial property in Plainfield, in a newly announced deal by Sheldon Gross Realty.

Industrial
BRC adds sales associate to brokerage division

Bussel Realty Corp. has announced the hiring of a new sales associate for its Edison-based brokerage division.

Government & Public Policy
NJ Transit seeks to ramp up role of real estate, development office, DOT chief says

State officials are seeking to “provide a stronger response” to developers looking to build around NJ Transit’s rail and bus stations, hoping to jumpstart a plan to monetize the agency’s vast but underutilized real estate portfolio.

Office
Birch Group bolsters team with veteran property management, construction exec

The Birch Group has named a new vice president of property management and construction, in the latest addition to the team behind its growing office portfolio in the region.