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.

Health Care & Education
Medical practice buys 3,900 sq. ft. Hawthorne office building, NAI Hanson says

A family medicine practice is moving within Passaic County after acquiring an office building in downtown Hawthorne, brokers with NAI James E. Hanson announced Thursday.

Residential & Mixed Use
N.Y. firm buys 78-unit Hackensack rental building for $36 million, Kislak says

An out-of-state investor has purchased a 78-unit luxury apartment building in Hackensack for $36 million, in a transaction arranged by The Kislak Co. Inc.

Top News
Newark cultural institutions eye high-profile projects, creation of new downtown arts hub

A series of high-profile development projects are poised to infuse three of Newark’s cultural anchors, while helping to advance economic growth in and around the downtown.

Residential & Mixed Use
Hoboken rental property trades for $9 million, C&W says

The developers of a 16-unit apartment building in Hoboken have sold the property for $9 million, in a newly announced transaction by Cushman & Wakefield.

Finance & Capital Markets
Lender provides $7.9 million for plans to convert Montclair, Clifton commercial buildings

A national private direct lender has closed nearly $8 million in financing for projects that will reposition vacant buildings in Montclair and Clifton.

Retail
Azarian details Q1 deals with food, retail tenants across New Jersey portfolio

A fast-growing cookie franchise has leased nearly 2,000 square feet of retail space in Middlesex County, in one of several first-quarter transactions by Azarian Realty Co.

Community
Spencer Savings donates $100,000, supplies to humanitarian relief in Ukraine

Spencer Savings Bank has announced a $100,000 donation to support humanitarian relief efforts in Ukraine, having also held a supply drive for refugees from the war-torn country.

Residential & Mixed Use
Kislak inks $5.8 million sale of Lancaster, Pennsylvania, apartments

An investor has purchased a 37-unit apartment property in Lancaster, Pennsylvania, for more than $5.8 million, in a deal arranged by The Kislak Co.

Industrial
Embattled fund manager GPB Capital sells 30-acre cold storage parcel near Port Newark

A beleaguered private equity firm has sold 30 acres in the heart of Newark’s port district, where its plans once called for some 250,000 square feet of cold storage space.

Industrial
Joint venture plans 120,000 sq. ft. Newark project under $1 billion development fund

An investment group has unveiled plans to build nearly 120,000 square feet of high-end logistics space in Newark under a newly formed, $1 billion joint venture with seven projects.