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
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.

Government & Public Policy
Scotch Plains seeking developer, forging ahead with long-awaited downtown revival

Scotch Plains is seeking a developer after recently adopting a long-awaited redevelopment plan for its downtown, aiming to create a vibrant hub with a mix of retail, restaurants, housing, a consolidated library and town hall, public plazas and parking.

Industrial
STRO, Millstein family office acquire 90,000 sq. ft. industrial asset in Passaic

The Millstein family office and The STRO Cos. have completed their purchase of a 90,000-square-foot industrial property in Passaic.

Office
Lee & Associates New Jersey inks sale of boutique office sites in Morristown, Chatham

The site of a planned boutique office building in downtown Morristown has changed hands for $1.7 million, in one of several newly announced transactions by Lee & Associates New Jersey.

Industrial
Dumpster, garbage service provider buys Ridgefield Park parcel, NAI Hanson says

NAI James E. Hanson has negotiated the sale of a 3.5-parcel in Ridgefield Park.

Retail
Ripco named leasing agent for 48,000 sq. ft. retail space in Paramus

Olshan Properties, the owner of a prominent retail property in Paramus, has tapped Ripco Real Estate to market 48,000 square feet at the site.