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
Mapletree sells U.S. industrial portfolio (including 270,000 sq. ft. in Morris County) in $328 million deal with Faropoint

Mapletree Investments Pte Ltd has sold a 1.8 million-square-foot industrial portfolio, including more than 270,000 square feet in New Jersey, to Faropoint for $328 million.

Residential & Mixed Use
BNE opens 205-unit South Amboy rental project as waterfront redevelopment project advances

BNE Real Estate Group has opened the second phase of a sweeping redevelopment project in South Amboy, debuting another 205 upscale apartments and amenities along the Raritan Bay.

Industrial
Marcus: Auto repair shop completes $3 million sale-leaseback in Green Brook

An auto repair business has sold and leased back a nearly 12,000-square-foot industrial property in Green Brook, brokers with Marcus & Millichap announced last week.

Professional Services
BLS & Co.’s Bosman earns coveted CRE credential from The Counselors of Real Estate

Tracey Hyatt Bosman, a longtime site selection professional with Biggins Lacy Shapiro & Co., has obtained the prestigious Counselor of Real Estate credential.

Retail
French, Scandinavian crepe eatery leases 1,900 sq. ft. at Middlesex retail center, CBRE says

A crepe restaurant has taken nearly 1,900 square feet at a grocery-anchored shopping center in Middlesex Borough, in a newly announced deal by CBRE.

Residential & Mixed Use
Construction begins on $400 million, 670-unit rental project in Jersey City’s SoHo West

The Albanese Organization, BXP and CrossHarbor Capital Partners have broken ground on a 670-unit multifamily project in Jersey City’s fast-growing SoHo West neighborhood.

Office
JLL: Heart health startup launches East Coast office, leases 21,000 sq. ft. outside Princeton

A biotech firm has planted a flag on the East Coast after taking more than 21,000 square feet of office space outside Princeton, in a newly announced deal by JLL.

Residential & Mixed Use
MIG Real Estate: New apartments, retail space coming to Newark’s iconic Griffith Building

A real estate firm is bringing new life to Newark’s historic Griffith Building, with plans to deliver new apartments and two floors of retail space to the downtown property.

Food & Beverage
Keepers restaurant opens in Harrison, bringing all-day dining destination to Riverbend District

Principals of Advance Realty Investors and Episcope Hospitality joined Harrison Mayor James Fife, town officials and community leaders on June 17 to mark the grand opening of Keepers, a new all-day restaurant located at the base of The Wyldes apartment…

Residential & Mixed Use
Eight-unit apartment building in Union City trades for $1.2 million, Cervelli says

An investor has acquired an eight-unit apartment building in Union City for $1.2 million, according to a brokerage team with Cervelli Real Estate & Property Management.