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
C&W: Alexander Properties sells Mahwah, Fairfield industrial portfolio to Faropoint

Alexander Properties has sold a nearly 124,000-square-foot industrial portfolio in northern New Jersey to Faropoint, the fast-growing real estate investment manager based in Hoboken.

Professional Services
Violet PR welcomes Johnson as account director to lead U.S. campaigns

Violet PR has bolstered its Montclair-based team with the addition of veteran strategist Dan Johnson as an account director.

Education
Marcus: Investor buys net-leased Montessori school site in Bergen County for $7.4 million

The site of a new 10,000-square-foot early education center in Bergen County has traded for $7.35 million, according to a listing team with Marcus & Millichap.

Finance & Capital Markets
JLL: Bridge Industrial snags $27 million bridge loan for new Piscataway warehouse

Bridge Industrial has secured $27.1 million in bridge financing for a nearly 148,000-square-foot warehouse in Piscataway, in a newly announced deal by JLL.

Residential & Mixed Use
Investor buys 63-unit Bloomfield apartment building for $11 million, Kislak says

A longtime owner has sold a historic 63-unit apartment building in Bloomfield for nearly $11 million, brokers with The Kislak Co. Inc. announced Tuesday.

Residential & Mixed Use
PEEK expands third-party construction group with Charles, Gartner in leadership roles

PEEK Properties has fortified its third-party development platform for multifamily projects with the additions of industry veterans Nick Charles and Luis Gartner.

Retail
Three-tenant, 22,000 sq. ft. strip center in Union City trades for $7.8 million, Marcus says

A private investor has acquired a 22,000-square-foot retail center in a key business district in Union City, in a newly announced deal by Marcus & Millichap.

Finance & Capital Markets
Kennedy inks $2.9 million land loan for South Orange project with 61 rentals, 23,000 sq. ft. of commercial space

A developer has closed on a $2.85 million land loan from Kennedy Funding in connection with plans to build 61 apartments and commercial space in South Orange.

Industrial
Contractor buys 28,000 sq. ft. warehouse on 3.4 acres in Fairfield for $8.7 million, NAI Hanson says

The site of a 28,000-square-foot warehouse with excess land in Fairfield has changed hands for nearly $8.75 million, brokers with NAI James E. Hanson announced Tuesday.

Professional Services
Sheldon Gross to manage 131,000 sq. ft. commercial, industrial portfolio in Central Jersey

The owners of five commercial buildings in Monmouth and Middlesex counties have tapped Sheldon Gross Realty to manage the properties.