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.

Finance & Capital Markets
Vision, Rubenstein sell Warren office buildings for $150 million, JLL says

An investment group has purchased a two-building, 316,000-square-foot office portfolio in Warren for more than $150 million, in a transaction arranged by JLL.

Finance & Capital Markets
Cronheim sources $16 million loan for 360,000 sq. ft. industrial site in Edison

The owner of a nearly 360,000-square-foot industrial building in Edison has secured $16 million in financing, under a transaction arranged by Cronheim Mortgage.

Office
Sanzari signs 32,000 sq. ft. in office, retail renewals in Bergen County

An insurance agency has renewed its nearly 15,000-square-foot lease in Hasbrouck Heights, in the largest of several newly announced deals by Alfred Sanzari Enterprises.

Office
Financial brokerage renews 11,000 sq. ft. office lease in Jersey City, Cresa says

A financial services firm has renewed its lease in Jersey City’s iconic Newport district, where it occupies more than 11,000 square feet for its corporate headquarters.

Residential & Mixed Use
Blue Onyx breaks ground on 78-unit project alongside existing East Orange apartments

Development firm Blue Onyx Cos. has broken ground on a new apartment building in East Orange, expanding its footprint in the city after having revitalized an adjacent property.

Industrial
Joint venture sells 50,000 sq. ft. distribution center in Somerset County, JLL says

Elberon Development Group and The Avidan Group have sold a fully leased, 50,400-square-foot industrial property in Branchburg, in a transaction arranged by JLL.

Industrial
NAI Hanson: Marble, stone distributor takes 13,000 sq. ft. in Teaneck

A marble and stone distributor has leased 13,000 square feet of industrial space in Teaneck, following a fire at a previous location that forced it to find a new home in the region.

Office
Medical office owner adds Englewood facility, expanding New York-area holdings

A joint venture has purchased a nearly 38,000-square-foot medical office building in Englewood as part of an expansion in the New York metropolitan area.

Health Care & Education
Construction firm touts new assisted living projects in Central Jersey, Long Island

A construction firm is marking the completion of two assisted living facilities in the region, including a 114-bed property in Union County.

Retail
Burlington opens 47,000 sq. ft. store at Secaucus’ Harmon Meadow

Burlington Stores has opened its doors at a Secaucus shopping center, where it has backfilled the onetime home of a Sports Authority.