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.

Residential & Mixed Use
Hudson Atlantic closes sale of 59-unit senior affordable housing building in Bayonne

A private buyer has closed on a 59-unit senior affordable housing property at the south end of Bayonne, according to a listing team with Hudson Atlantic Realty.

Industrial
Schmidt Baking takes 20,000 sq. ft. in Newark industrial deal with Seagis, Blau & Berg says

Seagis Property Group has secured a new tenant in Newark, leasing nearly 20,000 square feet of industrial space to a division of America’s largest family-owned variety baker.

Retail
Urban Edge inks deal with Elev8tion Fitness, five others as tenants flock to Bergen Town Center

Urban Edge Properties has announced six new leases at Bergen Town Center, filling nearly 25,000 square feet as it broadens the lineup of the sprawling Paramus property.

Editor’s Note
Into the future

There are plenty of parallels between the decline of the suburban office building and that of the legacy shopping mall, but the latter feels much more personal. I’m sure many of you would agree, especially in New Jersey, so you’ll find no lack of interest in the growing number of developers seeking to reinvent these once-proud retail hubs.

Industrial
Ambulance, emergency vehicle dealer expanding with 75,000 sq. ft. lease in Lakewood

Sudler Cos. has secured a full-building, 75,000-square-foot industrial lease in Lakewood with a seller and upfitter of emergency and specialty vehicles, brokers with Avison Young announced.

Professional Services
Chun joins Day Pitney real estate, land use team based in New Jersey

Grace Chun By Joshua Burd Day Pitney LLP has welcomed Grace Chun as counsel, bolstering its Parsippany-based team of real estate and land use attorneys. According to the firm, Chun brings more than 16 years of experience advising clients on…

People
Ridgecut Road touts four new hires to support growing low-coverage industrial portfolio

Ridgecut Road is bolstering its team, announcing several new hires to support its growing portfolio of industrial outdoor storage and low-coverage assets in and around New Jersey.

Industrial
Investment firms trade 13,000 sq. ft. Metuchen industrial building in $3.5 million deal by BRC

60 Liberty St. in Metuchen — Courtesy: Bussel Realty Corp. By Joshua Burd An investment firm has acquired a nearly 13,000-square-foot industrial building in Metuchen for $3.5 million, according to a brokerage team with Bussel Realty Corp. The buyer, Sixty…

Industrial
Edison cabinet maker sells 4,000 sq. ft. industrial building on Route 1, NAIDB says

1251 Route 1 in Edison — Courtesy: NAI DiLeo-Bram & Co. By Joshua Burd A family-owned cabinet business has sold a 4,000-square-foot industrial building in Edison, in a newly announced deal by NAI DiLeo-Bram & Co. Marc L. Shein, an…

People
JLL adds Buck, Berckmans to bolster tristate nonprofit, education and government practice

JLL has strengthened its nonprofit, education and government practice in the tristate region with the return of Allison Buck and the addition of Ella Berckmans.