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
Nail salon takes 1,600 sq. ft. at Chatham retail center, LMC says

A shopping center in Chatham has reached full occupancy with a newly completed, 1,600-square-foot lease by a nail salon, in a deal arranged by Levin Management Corp.

Office
Investor adds 1,400 sq. ft. office condo in Burlington County, Vantage Commercial says

An investor has added to its holdings in southern New Jersey with the addition of an office condominium in Medford, according to brokers with Vantage Commercial.

Industrial
CBRE: Rockaway industrial building sells for $20 million, with Party City set to depart

An investor has purchased a Rockaway industrial building that has served as office space in recent years but will now go back to its original use, brokers with CBRE announced.

Industrial
Investor demand for industrial space soaring to new heights, as rents rise at record pace

Industrial rents in New Jersey and other top markets are rising at unprecedented rates, leaving investors hungrier than ever for properties across the asset class.

Industrial
Investor sells 95,000 sq. ft. industrial building in Union, Blau & Berg says

A private investor has sold a multitenant, 95,000-square-foot industrial building in Union Township, according to a brokerage team with The Blau & Berg Co.

Residential & Mixed Use
BNE launches leasing at 291-unit South Amboy rental property

BNE Real Estate Group has opened the doors to a collection of nearly 300 apartments in South Amboy, the first piece of a $500 million redevelopment along the Raritan Bay.

Hospitality & Tourism
Kislak: Nutley steakhouse property, liquor license sell for $1.6 million

The site of a well-known restaurant in Nutley and its liquor license have changed hands for $1.6 million, in a deal arranged by The Kislak Co. Inc.

Industrial
Sanzari inks 11,000 sq. ft. renewal with printer, its oldest tenant, in South Hackensack

Alfred Sanzari Enterprises has negotiated a lease renewal with The Print Group, its oldest tenant, for 11,015 square feet of industrial space in South Hackensack.

People
Avison Young taps new managing director, principal for U.S. project management services

Avison Young has named a new managing director and principal to help guide the ongoing expansion of its project management team.

Retail
Atkins sells 6,800 sq. ft. Cherry Hill restaurant

Atkins Cos. has sold a 6,750-square-foot restaurant in Cherry Hill to a private buyer.