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
Accurate Builders plans 11 buildings, 4,200 units for Newark stadium site redevelopment

A developer is eyeing a potential spring groundbreaking for an 11-building project that would bring 4,200 residential units and other amenities to the former Newark Bears stadium site.

Office
C&W: Hampshire sells Metropark office building, adding to buyer’s growing portfolio

An investment firm has added yet another high-end office building in the Metropark submarket, acquiring a 110,000-square-foot property from an affiliate of The Hampshire Cos.

Retail
Dumont retail, office property trades for $5.9 million

A private investor has paid nearly $6 million to acquire a retail and office property in Bergen County, according to a brokerage team with Marcus & Millichap.

Finance & Capital Markets
Landlord inks $18 million loan for tristate retail, office portfolio, Meridian says

The owner of a retail and office portfolio in New Jersey and New York City has secured $18 million in financing for the properties, under a deal arranged by Meridian Capital Group.

Industrial
NAI Hanson: Hackensack industrial building sold to metal, pipe fitting company

A growing industrial user has purchased a 5,000-square-foot building in Hackensack, in a newly announced transaction by NAI James E. Hanson.

Office
REIT selling 675,000 sq. ft. Sanofi campus in Bridgewater for $261 million

A real estate investment trust is selling the nearly 675,000-square-foot Sanofi U.S. headquarters campus in Bridgewater for $261 million, in a move that comes as part of its pivot toward a large-scale, necessity-based retail portfolio.

Residential & Mixed Use
Joint venture marks latest milestone at new West Side rentals in Jersey City

The developers of a new luxury apartment building on Jersey City’s West Side are touting continued momentum after recently debuting another 68 units at the property.

Retail
Vantage Commercial inks sale of former auto repair shop in Camden County

The site of a former auto repair shop in Camden County has changed hands, in a deal arranged by brokers with Vantage Commercial.

Industrial
Devli acquires 175,000 sq. ft. Meadowlands industrial building

Devli Real Estate has purchased a 175,000-square-foot industrial building in East Rutherford, marking the latest addition to its portfolio in northern New Jersey.

Office
MDC sells 227,000 sq. ft. Hackensack office building, C&W says

Mountain Development Corp. has sold a nearly 227,000-square-foot office building in Hackensack, in a transaction arranged by Cushman & Wakefield.