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.

Industrial
Sheldon Gross brokers sale of 12,000 sq. ft. warehouse in Readington

The longtime owner of a nearly 12,000-square-foot warehouse in Readington has sold the property, in a newly announced deal by Sheldon Gross Realty.

Retail
Leases by cannabis, ice cream shops among newest New Jersey deals by Zoltek

A new cannabis dispensary is coming to Hudson County after a lease in Jersey City’s Heights section, in one of several recent deals by Zoltek Commercial Real Estate Services.

Retail
Onyx-led team sells repositioned 190,000 sq. ft. shopping center in Hazlet for $44 million

An affiliate of Onyx Equities has sold a 190,000-square-foot shopping center in Hazlet for $44 million, nearly a decade after acquiring and embarking on a series of updates to the property.

Office
JLL: Fully leased 204,000 sq. ft. office building in Parsippany on the market for sale

A real estate investment trust is looking to sell a nearly 204,000-square-foot office building in Parsippany, where brokers are touting an upscale work environment with reliable cashflow.

Retail
RIPCO inks $2.3 million sale of Citizens branch in Hillside, lists another in New Providence

A private investor has purchased the site of a Citizens Bank branch in Hillside for more than $2.3 million, in a newly announced deal by RIPCO Real Estate.

Top News
Saxum marks $800 million in new investments, $650 million in recent groundbreakings

Saxum Real Estate is touting a flurry of recent deals and construction activity, including more than $800 million in investments and $650 million in groundbreakings.

Office
New leases, renewals at Pennington office building total 3,700 sq. ft., CPN says

The owner of a Pennington office building has signed two new leases and two renewals totaling nearly 3,700 square feet, in a series of deals arranged by Commercial Property Network Inc.

Residential & Mixed Use
C&W: Legacy owners sell 519-unit apartment portfolio in Bergen, Hudson for $94 million

A family ownership group has sold a 519-unit apartment portfolio in Bergen and Hudson counties for $94 million, in a deal arranged by Cushman & Wakefield.

Industrial
Mortimer named senior vice president, investment officer with Prologis New Jersey team

Prologis Inc. has promoted Read Mortimer to senior vice president and investment officer for the New Jersey market, the real estate investment trust announced Thursday.

Industrial
KRE taps CBRE to sell or lease planned four-building, 345,000 sq. ft. industrial park in Ewing

KRE Group has teamed with CBRE to secure a buyer or tenants for more than 345,000 square feet of new flex and warehouse space that it’s set to construct in Ewing.