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
Kislak inks $11 million sale of 65-unit rental portfolio in Kearny

An investor has purchased a five-building, 65-unit apartment portfolio in Kearny for nearly $11 million, in a newly announced transaction by The Kislak Co. Inc.

Government & Public Policy
State places 289-acre ‘mega parcel’ at Fort Monmouth on the market for sale

The state is seeking a buyer for nearly 300 acres at Fort Monmouth, the site of what it hopes will be a large-scale project to join other redevelopment efforts at the former U.S. Army base.

Industrial
NAI Mertz: Investor expands portfolio, adding 160,000 sq. ft. industrial park in Marlton

An investment firm has purchased a five-building, 160,000-square-foot industrial portfolio in Burlington County, under a deal arranged by NAI Mertz.

Office
Towing company leases 1,500 sq. ft. for dispatch hub in Fair Lawn, NAI Hanson says

A towing company has found a new home for its dispatch center after agreeing to lease more than 1,500 square feet in Fair Lawn, according to brokers with NAI James E. Hanson.

Industrial
Urban Edge acquires 187,000 sq. ft. warehouse, distribution center in Morris County, AY says

Urban Edge Properties has acquired a nearly 190,000-square-foot industrial building in East Hanover, citing its strategy of adding sites with expansion and redevelopment potential.

Top News
Dermody executive, former NAIOP chapter president Preston to retire at year-end

A rendering of 395 Pedricktown Road, a nearly 482,000-square-foot industrial building that is among the final pieces of Dermody Properties’ LogistiCenter Logan in Logan Township. — Courtesy: Dermody/Ware Malcomb By Joshua Burd Veteran development executive Gene Preston is set to…

Finance & Capital Markets
Progress inks $27 million acquisition loan for Kearny apartment deal

The buyer of a six-building, 171-unit apartment complex in Kearny has secured $27 million in financing, in a newly announced transaction by Progress Capital.

Office
Sanzari, law firm sign 3,100 sq. ft. lease in Hasbrouck Heights

A law firm has found a new home in Hasbrouck Heights, having agreed to lease more than 3,000 square feet of office space from Alfred Sanzari Enterprises.

Professional Services
Consulting firm plays key role in Empire State Building’s green power milestone

A local team is touting its role in helping to bring renewable energy to a series of properties held by the owner of the Empire State Building.

Residential & Mixed Use
Fisher debuts resident amenities at twin high-rises in Jersey City

Fisher Development Associates has unveiled more than 70,000 square feet of upscale amenity space at a pair of 45-story waterfront residential towers in Jersey City.