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
NAI brokers in Teterboro, Houston tapped to market parcel at sprawling industrial park

Brokers in New Jersey and Texas have joined forces to market a 60-acre parcel at a massive industrial park in Houston.

Residential & Mixed Use
Plainfield planning board OKs project with 357 apartments, rooftop restaurant space

Local officials have granted a key approval to a four-building project that would bring more than 350 apartments and commercial space to the edge of downtown Plainfield.

Industrial
Private equity firm invests in ground-up light industrial portfolio in Monmouth, Mercer

A private equity firm is marking a new investment in a three-building light industrial portfolio that’s now under construction in central New Jersey.

Retail
Mixed-use bank property in Somerville trades for $3 million, Marcus says

An investor has paid $3 million for a corner bank property in downtown Somerville, under a newly announced transaction by Marcus & Millichap.

Residential & Mixed Use
Prism touts 95 percent leased milestone at Edison Lofts project in West Orange

Prism Capital Partners has all but leased up a collection of 300 apartments in West Orange, part of its redevelopment of a historic Thomas Edison factory complex in the downtown.

Finance & Capital Markets
Stro, KRE refinance Clifton cold storage building for $42 million

The Stro Cos. and Kushner Real Estate Group have secured $42 million in financing for a fully leased, 220,000-square-foot cold storage facility in Clifton.

Retail
Net-leased child care center in Hillsborough fetches $3.8 million

An investor has purchased the site of a nearly 10,000-square-foot child care center in Somerset County, under a newly announced transaction by Marcus & Millichap.

Industrial
DoorDash takes 12,000 sq. ft. at Bergen County industrial building, NAI Hanson says

Online food delivery platform DoorDash has leased 12,000 square feet of industrial space in Fair Lawn, brokers with NAI James E. Hanson announced Thursday.

Residential & Mixed Use
Larken details new hires, promotions on residential property management teams

Larken Associates has announced a series of new hires and promotions to its residential property management teams in New Jersey and Pennsylvania.

Industrial
Printing, direct mail business expands to 71,000 sq. ft. in Jersey City

A print and direct mailing company has nearly doubled its footprint in Jersey City after signing a lease renewal and expansion to 71,000 square feet, in a newly announced deal by Newmark.